Janney Montgomery Scott LLC Boosts Stock Position in Newpark Resources, Inc. (NYSE:NR)

Janney Montgomery Scott LLC raised its holdings in Newpark Resources, Inc. (NYSE:NR) by 3.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,977 shares of the oil and gas company’s stock after buying an additional 4,187 shares during the period. Janney Montgomery Scott LLC owned about 0.15% of Newpark Resources worth $880,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Ancora Advisors LLC raised its position in shares of Newpark Resources by 182.5% during the 1st quarter. Ancora Advisors LLC now owns 647,930 shares of the oil and gas company’s stock worth $4,678,000 after acquiring an additional 418,570 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Newpark Resources by 210.2% during the 1st quarter. Russell Investments Group Ltd. now owns 516,427 shares of the oil and gas company’s stock worth $3,729,000 after buying an additional 349,935 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Newpark Resources by 19.9% during the 2nd quarter. American Century Companies Inc. now owns 1,891,740 shares of the oil and gas company’s stock worth $15,720,000 after buying an additional 313,451 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Newpark Resources by 161.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 322,326 shares of the oil and gas company’s stock valued at $2,327,000 after buying an additional 199,066 shares in the last quarter. Finally, Roubaix Capital LLC grew its position in shares of Newpark Resources by 43.7% in the 1st quarter. Roubaix Capital LLC now owns 622,965 shares of the oil and gas company’s stock valued at $4,498,000 after buying an additional 189,333 shares during the last quarter. 80.81% of the stock is owned by hedge funds and other institutional investors.

Newpark Resources Trading Down 1.8 %

NYSE NR opened at $6.99 on Friday. The firm’s fifty day moving average is $7.07 and its two-hundred day moving average is $7.59. Newpark Resources, Inc. has a one year low of $5.61 and a one year high of $8.65. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.00 and a current ratio of 2.29. The firm has a market cap of $604.64 million, a PE ratio of -3.82 and a beta of 2.87.

Analysts Set New Price Targets

NR has been the subject of several research analyst reports. StockNews.com downgraded shares of Newpark Resources from a “buy” rating to a “hold” rating in a research note on Monday, September 23rd. HC Wainwright reissued a “buy” rating and issued a $12.00 target price on shares of Newpark Resources in a research report on Monday, November 11th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $11.00.

Newpark Resources Profile

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.