First Bank & Trust Buys New Shares in Newpark Resources, Inc. (NYSE:NR)

First Bank & Trust bought a new stake in Newpark Resources, Inc. (NYSE:NR) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 15,589 shares of the oil and gas company’s stock, valued at approximately $113,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Kure Advisory LLC grew its position in Newpark Resources by 20.0% in the fourth quarter. Kure Advisory LLC now owns 20,204 shares of the oil and gas company’s stock valued at $134,000 after purchasing an additional 3,363 shares in the last quarter. CWM LLC lifted its stake in Newpark Resources by 495.4% in the first quarter. CWM LLC now owns 4,537 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 3,775 shares during the last quarter. Fortitude Family Office LLC lifted its stake in Newpark Resources by 179.1% in the first quarter. Fortitude Family Office LLC now owns 7,404 shares of the oil and gas company’s stock valued at $53,000 after acquiring an additional 4,751 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Newpark Resources in the fourth quarter valued at $49,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Newpark Resources by 29.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,682 shares of the oil and gas company’s stock valued at $224,000 after acquiring an additional 7,681 shares during the last quarter. Institutional investors own 80.81% of the company’s stock.

Newpark Resources Stock Performance

NYSE NR opened at $8.31 on Friday. The firm has a 50-day moving average of $7.77 and a 200-day moving average of $7.11. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.74 and a current ratio of 2.79. The stock has a market cap of $708.01 million, a PE ratio of 46.17 and a beta of 2.86. Newpark Resources, Inc. has a 52-week low of $4.99 and a 52-week high of $8.65.

Newpark Resources (NYSE:NR) last issued its quarterly earnings data on Thursday, May 2nd. The oil and gas company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. Newpark Resources had a net margin of 2.25% and a return on equity of 6.67%. The business had revenue of $169.11 million during the quarter, compared to analysts’ expectations of $170.69 million. On average, sell-side analysts anticipate that Newpark Resources, Inc. will post 0.35 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Roth Mkm assumed coverage on shares of Newpark Resources in a research note on Friday, March 8th. They issued a “buy” rating and a $10.00 price target for the company. B. Riley increased their price target on shares of Newpark Resources from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Roth Capital reiterated a “buy” rating on shares of Newpark Resources in a research note on Friday, March 8th. StockNews.com upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Finally, HC Wainwright restated a “buy” rating and set a $12.00 target price on shares of Newpark Resources in a research note on Monday, May 6th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $11.00.

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.