Catalina Capital Group LLC Invests $93,000 in Newpark Resources, Inc. (NYSE:NR)

Catalina Capital Group LLC acquired a new position in Newpark Resources, Inc. (NYSE:NR) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 12,881 shares of the oil and gas company’s stock, valued at approximately $93,000.

Several other large investors have also recently modified their holdings of the stock. GSA Capital Partners LLP purchased a new position in Newpark Resources during the 4th quarter valued at about $2,567,000. Wellington Management Group LLP increased its holdings in Newpark Resources by 20.5% during the 3rd quarter. Wellington Management Group LLP now owns 875,200 shares of the oil and gas company’s stock valued at $6,048,000 after purchasing an additional 148,700 shares during the period. Assenagon Asset Management S.A. increased its holdings in Newpark Resources by 53.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 608,342 shares of the oil and gas company’s stock valued at $4,039,000 after purchasing an additional 212,872 shares during the period. Yarra Square Partners LP increased its holdings in Newpark Resources by 48.5% during the 4th quarter. Yarra Square Partners LP now owns 814,100 shares of the oil and gas company’s stock valued at $5,406,000 after purchasing an additional 266,000 shares during the period. Finally, National Bank of Canada FI purchased a new position in Newpark Resources during the 4th quarter valued at about $59,000. Hedge funds and other institutional investors own 80.81% of the company’s stock.

Newpark Resources Stock Performance

Shares of NR remained flat at $7.37 during mid-day trading on Wednesday. The stock had a trading volume of 352,428 shares, compared to its average volume of 674,833. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.79 and a quick ratio of 1.74. The stock’s 50 day moving average is $7.86 and its 200-day moving average is $7.15. Newpark Resources, Inc. has a 12-month low of $4.99 and a 12-month high of $8.65. The stock has a market capitalization of $627.50 million, a P/E ratio of 40.92 and a beta of 2.89.

Newpark Resources (NYSE:NR) last issued its quarterly earnings results on Thursday, May 2nd. The oil and gas company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. Newpark Resources had a return on equity of 6.67% and a net margin of 2.25%. The firm had revenue of $169.11 million for the quarter, compared to analysts’ expectations of $170.69 million. As a group, research analysts forecast that Newpark Resources, Inc. will post 0.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NR has been the topic of a number of research analyst reports. StockNews.com upgraded Newpark Resources from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. B. Riley upped their target price on Newpark Resources from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Finally, HC Wainwright reiterated a “buy” rating and set a $12.00 target price on shares of Newpark Resources in a report on Monday, May 6th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “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.