Newpark Resources (NYSE:NR) Coverage Initiated at StockNews.com

Analysts at StockNews.com started coverage on shares of Newpark Resources (NYSE:NR) in a research note issued on Monday. The brokerage set a “hold” rating on the oil and gas company’s stock.

Separately, HC Wainwright reiterated a “buy” rating and issued a $12.00 target price on shares of Newpark Resources in a research note on Monday, November 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Newpark Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.00.

Newpark Resources Price Performance

The company has a market cap of $627.10 million, a P/E ratio of 27.89 and a beta of 2.92. Newpark Resources has a 1-year low of $5.61 and a 1-year high of $8.65. The company has a quick ratio of 2.00, a current ratio of 2.29 and a debt-to-equity ratio of 0.02. The company’s 50-day moving average price is $7.41 and its 200-day moving average price is $7.63.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. EP Wealth Advisors LLC bought a new stake in Newpark Resources during the 3rd quarter worth about $96,000. Captrust Financial Advisors grew its position in shares of Newpark Resources by 10.8% during the 3rd quarter. Captrust Financial Advisors now owns 14,624 shares of the oil and gas company’s stock worth $101,000 after buying an additional 1,430 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Newpark Resources during the 3rd quarter worth approximately $116,000. CWM LLC raised its stake in shares of Newpark Resources by 79.3% during the third quarter. CWM LLC now owns 17,443 shares of the oil and gas company’s stock worth $121,000 after buying an additional 7,713 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in Newpark Resources by 68.1% in the third quarter. GSA Capital Partners LLP now owns 17,618 shares of the oil and gas company’s stock valued at $122,000 after buying an additional 7,140 shares during the period. Institutional investors own 80.81% of the company’s stock.

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.