Strs Ohio trimmed its holdings in shares of Newpark Resources, Inc. (NYSE:NR) by 17.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 83,900 shares of the oil and gas company’s stock after selling 17,200 shares during the period. Strs Ohio owned approximately 0.10% of Newpark Resources worth $839,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan raised its holdings in Newpark Resources by 8.3% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 21,000 shares of the oil and gas company’s stock worth $154,000 after acquiring an additional 1,610 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in Newpark Resources by 4.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 36,200 shares of the oil and gas company’s stock worth $266,000 after acquiring an additional 1,700 shares during the last quarter. Brandywine Global Investment Management LLC raised its holdings in Newpark Resources by 0.8% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 238,790 shares of the oil and gas company’s stock worth $1,756,000 after acquiring an additional 1,830 shares during the last quarter. New York State Common Retirement Fund raised its holdings in Newpark Resources by 2.5% in the 2nd quarter. New York State Common Retirement Fund now owns 78,600 shares of the oil and gas company’s stock worth $578,000 after acquiring an additional 1,899 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in Newpark Resources by 5.0% in the 2nd quarter. Arizona State Retirement System now owns 46,371 shares of the oil and gas company’s stock worth $341,000 after acquiring an additional 2,200 shares during the last quarter.

A number of brokerages recently weighed in on NR. Cowen and Company set a $9.00 price objective on shares of Newpark Resources and gave the stock a “hold” rating in a report on Friday, October 6th. 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 report on Tuesday, October 24th. SunTrust Banks, Inc. raised shares of Newpark Resources from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, BidaskClub raised shares of Newpark Resources from a “strong sell” rating to a “sell” rating in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $9.80.

Shares of Newpark Resources, Inc. (NR) opened at $9.45 on Monday. 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 1 year low of $5.95 and a 1 year high of $10.20.

Newpark Resources (NYSE:NR) last posted its earnings results on Monday, October 30th. The oil and gas company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Newpark Resources had a negative return on equity of 0.29% and a net margin of 0.48%. The company had revenue of $201.70 million during the quarter, compared to the consensus estimate of $192.57 million. During the same period last year, the firm posted ($0.16) EPS. The company’s revenue for the quarter was up 92.8% on a year-over-year basis. research analysts expect that Newpark Resources, Inc. will post 0.08 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by Watch List News and is the property of of Watch List News. If you are reading this piece on another publication, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.watchlistnews.com/strs-ohio-sells-17200-shares-of-newpark-resources-inc-nr/1682650.html.

Newpark Resources Company Profile

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.

Want to see what other hedge funds are holding NR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newpark Resources, Inc. (NYSE:NR).

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

Receive News & Ratings for Newpark Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newpark Resources Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.