Semanteon Capital Management LP Takes $575,000 Position in Newpark Resources, Inc. (NYSE:NR)

Semanteon Capital Management LP bought a new stake in shares of Newpark Resources, Inc. (NYSE:NR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 86,554 shares of the oil and gas company’s stock, valued at approximately $575,000. Semanteon Capital Management LP owned about 0.10% of Newpark Resources at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Dorsey Wright & Associates purchased a new stake in Newpark Resources in the 3rd quarter worth about $32,000. GAMMA Investing LLC purchased a new stake in Newpark Resources in the 4th quarter worth about $49,000. Calamos Advisors LLC purchased a new stake in Newpark Resources in the 4th quarter worth about $77,000. Principal Financial Group Inc. purchased a new stake in Newpark Resources in the 3rd quarter worth about $78,000. Finally, Legato Capital Management LLC purchased a new position in Newpark Resources during the 4th quarter valued at about $96,000. 80.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NR shares. Roth Capital reiterated a “buy” rating on shares of Newpark Resources in a research report on Friday, March 8th. StockNews.com downgraded Newpark Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Roth Mkm started coverage on Newpark Resources in a research report on Friday, March 8th. They set a “buy” rating and a $10.00 price target for the company. TheStreet downgraded Newpark Resources from a “b-” rating to a “c+” rating in a research report on Thursday, January 4th. Finally, B. Riley started coverage on Newpark Resources in a research report on Tuesday, April 9th. They set a “buy” rating and a $10.00 price target for the company. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Newpark Resources currently has a consensus rating of “Moderate Buy” and an average price target of $10.75.

Newpark Resources Price Performance

Shares of NR remained flat at $7.28 during mid-day trading on Friday. The stock had a trading volume of 355,048 shares, compared to its average volume of 659,594. The company has a quick ratio of 1.59, a current ratio of 2.62 and a debt-to-equity ratio of 0.14. Newpark Resources, Inc. has a 52-week low of $3.40 and a 52-week high of $7.84. The stock has a market cap of $619.84 million, a price-to-earnings ratio of 45.47 and a beta of 2.75. The business has a 50-day simple moving average of $7.06 and a 200-day simple moving average of $6.85.

Newpark Resources (NYSE:NR) last posted its earnings results on Wednesday, February 21st. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.03). Newpark Resources had a net margin of 1.94% and a return on equity of 6.53%. The business had revenue of $167.82 million for the quarter, compared to analysts’ expectations of $170.87 million. Sell-side analysts anticipate that Newpark Resources, Inc. will post 0.3 earnings per share for the current fiscal year.

About Newpark Resources

Newpark Resources, Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production (E&P) industry. It operates through two segments, Fluids Systems and Industrial Solutions. The Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers primarily in the North America, Europe, the Middle East, and Africa, as well as other countries in the Asia Pacific and Latin America.