Newpark Resources, Inc. (NYSE:NR) Shares Bought by Empowered Funds LLC

Empowered Funds LLC raised its position in shares of Newpark Resources, Inc. (NYSE:NR) by 5.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 95,600 shares of the oil and gas company’s stock after purchasing an additional 4,824 shares during the quarter. Empowered Funds LLC owned 0.11% of Newpark Resources worth $663,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. CWM LLC increased its holdings in shares of Newpark Resources by 114.5% during the 2nd quarter. CWM LLC now owns 9,730 shares of the oil and gas company’s stock valued at $81,000 after purchasing an additional 5,193 shares in the last quarter. Ground Swell Capital LLC purchased a new position in Newpark Resources in the second quarter valued at $91,000. SG Americas Securities LLC purchased a new position in Newpark Resources in the third quarter valued at $116,000. Catalina Capital Group LLC raised its position in shares of Newpark Resources by 10.6% in the second quarter. Catalina Capital Group LLC now owns 14,241 shares of the oil and gas company’s stock worth $118,000 after acquiring an additional 1,360 shares during the period. Finally, GSA Capital Partners LLP boosted its stake in shares of Newpark Resources by 68.1% during the 3rd quarter. GSA Capital Partners LLP now owns 17,618 shares of the oil and gas company’s stock worth $122,000 after acquiring an additional 7,140 shares in the last quarter. 80.81% of the stock is owned by institutional investors and hedge funds.

Newpark Resources Price Performance

Shares of NR stock opened at $7.92 on Friday. The firm’s 50-day moving average is $7.11 and its two-hundred day moving average is $7.60. Newpark Resources, Inc. has a 12 month low of $5.61 and a 12 month high of $8.65. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.29 and a quick ratio of 2.00. The company has a market capitalization of $685.06 million, a PE ratio of -4.33 and a beta of 2.87.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NR shares. StockNews.com lowered 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 price objective on shares of Newpark Resources in a 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.00.

Newpark Resources Company 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.