Teachers Retirement System of The State of Kentucky raised its position in shares of Newpark Resources Inc (NYSE:NR) by 49.9% in the third quarter, Holdings Channel reports. The fund owned 31,525 shares of the oil and gas company’s stock after acquiring an additional 10,500 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Newpark Resources were worth $326,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Newpark Resources during the second quarter valued at approximately $173,000. Pillar Pacific Capital Management LLC purchased a new stake in shares of Newpark Resources in the second quarter valued at approximately $195,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Newpark Resources in the second quarter valued at approximately $205,000. Advisors Asset Management Inc. grew its position in shares of Newpark Resources by 702.1% in the second quarter. Advisors Asset Management Inc. now owns 172,884 shares of the oil and gas company’s stock valued at $304,000 after purchasing an additional 151,329 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Newpark Resources by 167.3% in the second quarter. SG Americas Securities LLC now owns 30,967 shares of the oil and gas company’s stock valued at $336,000 after purchasing an additional 19,384 shares in the last quarter. 98.70% of the stock is owned by institutional investors and hedge funds.

NR stock opened at $7.00 on Friday. The company has a quick ratio of 2.31, a current ratio of 3.70 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $651.09 million, a PE ratio of 21.09 and a beta of 1.61. Newpark Resources Inc has a 1 year low of $6.99 and a 1 year high of $11.65.

Newpark Resources (NYSE:NR) last posted its quarterly earnings results on Thursday, October 25th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). The company had revenue of $235.33 million during the quarter, compared to analysts’ expectations of $237.08 million. Newpark Resources had a net margin of 1.36% and a return on equity of 5.56%. Equities research analysts predict that Newpark Resources Inc will post 0.38 EPS for the current fiscal year.

NR has been the subject of a number of analyst reports. ValuEngine lowered Newpark Resources from a “hold” rating to a “sell” rating in a research report on Monday, October 29th. TheStreet lowered Newpark Resources from a “b-” rating to a “c+” rating in a research report on Monday, October 29th. Finally, Zacks Investment Research upgraded Newpark Resources from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Friday, September 28th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. Newpark Resources currently has an average rating of “Hold” and an average price target of $11.00.

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About Newpark Resources

Newpark Resources, Inc provides products, rentals, and services primarily to the oil and gas exploration and production industry. It operates through two segments, 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 the Asia Pacific regions.

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

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