Victory Capital Management Inc. Buys Shares of 195,806 Newpark Resources, Inc. (NYSE:NR)

Victory Capital Management Inc. purchased a new stake in shares of Newpark Resources, Inc. (NYSE:NR) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 195,806 shares of the oil and gas company’s stock, valued at approximately $1,357,000. Victory Capital Management Inc. owned 0.23% of Newpark Resources at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC boosted its stake 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 worth $81,000 after acquiring an additional 5,193 shares during the last quarter. Ground Swell Capital LLC purchased a new position in Newpark Resources during the second quarter valued at $91,000. Catalina Capital Group LLC grew its position in shares of Newpark Resources by 10.6% during the second quarter. Catalina Capital Group LLC now owns 14,241 shares of the oil and gas company’s stock worth $118,000 after purchasing an additional 1,360 shares in the last quarter. SG Americas Securities LLC bought a new stake in Newpark Resources during the 3rd quarter valued at approximately $116,000. Finally, GSA Capital Partners LLP lifted its holdings in 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 in the last quarter. 80.81% of the stock is currently owned by hedge funds and other institutional investors.

Newpark Resources Stock Up 1.8 %

NYSE NR opened at $8.06 on Tuesday. The stock has a 50 day moving average price of $7.11 and a 200-day moving average price of $7.61. Newpark Resources, Inc. has a one year low of $5.61 and a one year high of $8.65. The company has a market capitalization of $697.19 million, a P/E ratio of -4.40 and a beta of 2.87. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.00 and a current ratio of 2.29.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NR shares. HC Wainwright reiterated a “buy” rating and set a $12.00 price objective on shares of Newpark Resources in a research report on Monday, November 11th. StockNews.com downgraded shares of Newpark Resources from a “buy” rating to a “hold” rating in a report on Monday, September 23rd. One equities 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 stock currently has an average rating of “Moderate Buy” and an average price target 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.