Prescott Group Capital Management L.L.C. continued to hold its stake in Newpark Resources, Inc. (NYSE:NR) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 115,333 shares of the oil and gas company’s stock at the end of the second quarter. Prescott Group Capital Management L.L.C. owned about 0.13% of Newpark Resources worth $848,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in shares of Newpark Resources by 92.3% in the first quarter. Russell Investments Group Ltd. now owns 564,224 shares of the oil and gas company’s stock worth $4,569,000 after buying an additional 270,863 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of Newpark Resources by 265.2% in the first quarter. Nationwide Fund Advisors now owns 264,590 shares of the oil and gas company’s stock worth $2,143,000 after buying an additional 192,147 shares in the last quarter. Dalton Greiner Hartman Maher & Co. raised its stake in shares of Newpark Resources by 9.9% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 358,107 shares of the oil and gas company’s stock worth $2,901,000 after buying an additional 32,139 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Newpark Resources during the first quarter worth about $135,000. Finally, Louisiana State Employees Retirement System raised its stake in shares of Newpark Resources by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 34,500 shares of the oil and gas company’s stock worth $279,000 after buying an additional 500 shares in the last quarter.
Newpark Resources, Inc. (NYSE:NR) traded up 1.34% on Friday, reaching $7.55. 1,006,197 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $7.69 and a 200-day moving average price of $7.63. The company’s market capitalization is $646.34 million. Newpark Resources, Inc. has a 1-year low of $5.80 and a 1-year high of $8.75.
Newpark Resources (NYSE:NR) last issued its earnings results on Thursday, July 27th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.03. Newpark Resources had a negative return on equity of 2.92% and a negative net margin of 2.20%. The business had revenue of $183 million during the quarter, compared to analysts’ expectations of $159.51 million. During the same quarter in the previous year, the business earned ($0.06) EPS. The company’s revenue for the quarter was up 58.7% on a year-over-year basis. On average, equities research analysts anticipate that Newpark Resources, Inc. will post $0.09 earnings per share for the current year.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Newpark Resources from a “hold” rating to a “sell” rating in a report on Friday, July 21st. BidaskClub lowered shares of Newpark Resources from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Finally, Loop Capital reissued a “buy” rating on shares of Newpark Resources in a report on Monday, July 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.63.
In related news, VP Matthew Lanigan sold 40,771 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $8.46, for a total transaction of $344,922.66. Following the transaction, the vice president now directly owns 50,000 shares of the company’s stock, valued at approximately $423,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David C. Anderson sold 15,124 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $7.35, for a total value of $111,161.40. Following the transaction, the director now directly owns 187,841 shares in the company, valued at $1,380,631.35. The disclosure for this sale can be found here. 4.70% of the stock is currently owned by insiders.
Newpark Resources Company Profile
Newpark Resources, Inc is a supplier providing products and services primarily to the oil and gas exploration and production (E&P) industry. The Company’s segments include Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment provides drilling fluids products and technical services to customers in the North America; Europe, the Middle East and Africa; Latin America, and Asia Pacific regions.
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