UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Position in Newpark Resources, Inc. (NYSE:NR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Newpark Resources, Inc. (NYSE:NR) by 23.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 185,801 shares of the oil and gas company’s stock after selling 58,385 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of Newpark Resources worth $1,288,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its holdings in shares of Newpark Resources by 529.6% during the third quarter. BNP Paribas Financial Markets now owns 43,138 shares of the oil and gas company’s stock valued at $299,000 after acquiring an additional 36,286 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Newpark Resources during the 3rd quarter valued at approximately $471,000. Fisher Asset Management LLC raised its holdings in shares of Newpark Resources by 6.6% in the third quarter. Fisher Asset Management LLC now owns 239,286 shares of the oil and gas company’s stock worth $1,658,000 after buying an additional 14,802 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Newpark Resources by 125.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 764,873 shares of the oil and gas company’s stock worth $5,301,000 after buying an additional 425,505 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in shares of Newpark Resources during the third quarter valued at $195,000. Hedge funds and other institutional investors own 80.81% of the company’s stock.

Newpark Resources Trading Down 0.5 %

NYSE NR opened at $7.63 on Wednesday. Newpark Resources, Inc. has a 1 year low of $5.61 and a 1 year 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 $659.54 million, a PE ratio of -4.17 and a beta of 2.92. The company has a fifty day moving average of $7.39 and a 200 day moving average of $7.64.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. HC Wainwright restated a “buy” rating and issued a $12.00 target price on shares of Newpark Resources in a research note on Monday, November 11th. StockNews.com cut Newpark Resources from a “buy” rating to a “hold” rating in a research note on Monday, September 23rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.