Algert Global LLC boosted its holdings in shares of Newpark Resources, Inc. (NYSE:NR) by 100.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,209 shares of the oil and gas company’s stock after purchasing an additional 44,218 shares during the period. Algert Global LLC owned approximately 0.10% of Newpark Resources worth $882,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Newpark Resources by 5.3% during the second quarter. Vanguard Group Inc. now owns 7,791,303 shares of the oil and gas company’s stock valued at $57,266,000 after purchasing an additional 393,328 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Newpark Resources by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 7,467,396 shares of the oil and gas company’s stock valued at $54,886,000 after purchasing an additional 347,306 shares during the last quarter. Daruma Capital Management LLC lifted its stake in Newpark Resources by 221.1% during the second quarter. Daruma Capital Management LLC now owns 5,830,179 shares of the oil and gas company’s stock valued at $42,852,000 after purchasing an additional 4,014,692 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Newpark Resources by 6.7% during the third quarter. Bank of New York Mellon Corp now owns 3,554,412 shares of the oil and gas company’s stock valued at $35,543,000 after purchasing an additional 223,642 shares during the last quarter. Finally, Royce & Associates LP lifted its stake in Newpark Resources by 5.6% during the second quarter. Royce & Associates LP now owns 3,163,261 shares of the oil and gas company’s stock valued at $23,250,000 after purchasing an additional 166,700 shares during the last quarter.

Shares of Newpark Resources, Inc. (NYSE:NR) traded down $0.07 during trading hours on Friday, hitting $8.35. 1,080,000 shares of the company traded hands, compared to its average volume of 324,861. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.71 and a quick ratio of 1.96. Newpark Resources, Inc. has a fifty-two week low of $6.40 and a fifty-two week high of $10.20.

Newpark Resources (NYSE:NR) last issued its quarterly earnings results on Monday, October 30th. The oil and gas company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01). The firm had revenue of $201.70 million during the quarter, compared to analysts’ expectations of $192.57 million. Newpark Resources had a net margin of 0.48% and a negative return on equity of 0.29%. The firm’s revenue was up 92.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.16) EPS. research analysts expect that Newpark Resources, Inc. will post 0.06 earnings per share for the current year.

NR has been the subject of several recent research reports. SunTrust Banks raised shares of Newpark Resources from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Zacks Investment Research raised shares of Newpark Resources from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Tuesday, October 24th. Finally, Cowen set a $9.00 target price on shares of Newpark Resources and gave the company a “hold” rating in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Newpark Resources presently has an average rating of “Hold” and a consensus target price of $10.25.

In related news, Director G Stephen Finley sold 11,300 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $8.79, for a total value of $99,327.00. Following the completion of the sale, the director now owns 192,658 shares in the company, valued at approximately $1,693,463.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David C. Anderson sold 17,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $8.91, for a total transaction of $151,470.00. Following the completion of the sale, the director now owns 170,841 shares of the company’s stock, valued at approximately $1,522,193.31. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,423 shares of company stock valued at $360,346. 4.90% of the stock is owned by insiders.

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About Newpark Resources

Newpark Resources, Inc is a supplier providing products and services primarily to the oil and gas exploration and production (E&P) industry. The Company’s segments include Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment provides drilling fluids products and technical services to customers in the North America; Europe, the Middle East and Africa; Latin America, and Asia Pacific regions.

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Institutional Ownership by Quarter for Newpark Resources (NYSE:NR)

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