Intech Investment Management LLC Acquires New Holdings in Newpark Resources, Inc. (NYSE:NR)

Intech Investment Management LLC acquired a new position in Newpark Resources, Inc. (NYSE:NR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,073 shares of the oil and gas company’s stock, valued at approximately $195,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. CWM LLC increased its position 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 during the period. Ground Swell Capital LLC bought a new stake in Newpark Resources in the second quarter worth about $91,000. Catalina Capital Group LLC lifted its holdings in Newpark Resources by 10.6% in the 2nd quarter. Catalina Capital Group LLC now owns 14,241 shares of the oil and gas company’s stock valued at $118,000 after acquiring an additional 1,360 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Newpark Resources during the 3rd quarter valued at about $116,000. Finally, GSA Capital Partners LLP grew its stake in shares of Newpark Resources by 68.1% in the 3rd quarter. GSA Capital Partners LLP now owns 17,618 shares of the oil and gas company’s stock worth $122,000 after purchasing an additional 7,140 shares during the last quarter. Institutional investors own 80.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NR. StockNews.com lowered Newpark Resources from a “buy” rating to a “hold” rating in a research note on Monday, September 23rd. HC Wainwright reaffirmed a “buy” rating and set a $12.00 target price on shares of Newpark Resources in a report on Monday, November 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $11.00.

Newpark Resources Price Performance

Shares of NR opened at $7.71 on Friday. 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 $666.46 million, a PE ratio of -4.21 and a beta of 2.92. The firm’s 50 day moving average price is $7.30 and its 200 day moving average price is $7.64. Newpark Resources, Inc. has a twelve month low of $5.61 and a twelve month high of $8.65.

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.