Newpark Resources, Inc. (NR) Position Raised by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. raised its stake in Newpark Resources, Inc. (NYSE:NR) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,876,339 shares of the oil and gas company’s stock after acquiring an additional 12,953 shares during the quarter. Epoch Investment Partners Inc. owned about 2.19% of Newpark Resources worth $18,764,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Piedmont Investment Advisors LLC acquired a new stake in Newpark Resources in the 2nd quarter valued at about $141,000. Ameriprise Financial Inc. increased its position in Newpark Resources by 4.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 577,151 shares of the oil and gas company’s stock valued at $4,245,000 after acquiring an additional 26,342 shares in the last quarter. Royce & Associates LP increased its position in Newpark Resources by 5.6% in the 2nd quarter. Royce & Associates LP now owns 3,163,261 shares of the oil and gas company’s stock valued at $23,250,000 after acquiring an additional 166,700 shares in the last quarter. Bank of New York Mellon Corp increased its position in Newpark Resources by 27.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,330,770 shares of the oil and gas company’s stock valued at $24,481,000 after acquiring an additional 715,250 shares in the last quarter. Finally, Chicago Equity Partners LLC acquired a new stake in Newpark Resources in the 2nd quarter valued at about $1,041,000.

In related news, Director G Stephen Finley sold 11,300 shares of Newpark Resources stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $8.79, for a total transaction of $99,327.00. Following the transaction, the director now owns 192,658 shares of the company’s stock, valued at approximately $1,693,463.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David C. Anderson sold 17,000 shares of Newpark Resources stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $8.91, for a total transaction of $151,470.00. Following the transaction, the director now directly owns 170,841 shares in the company, valued at approximately $1,522,193.31. The disclosure for this sale can be found here. Insiders have sold a total of 40,423 shares of company stock worth $360,346 in the last three months. 4.90% of the stock is owned by insiders.

Several research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Newpark Resources from a “buy” rating to a “hold” rating in a research note on Saturday, November 11th. SunTrust Banks raised shares of Newpark Resources from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Cowen set a $9.00 target price on shares of Newpark Resources and gave the company a “hold” rating in a research note on Friday, October 6th. Finally, BidaskClub lowered shares of Newpark Resources from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $10.25.

Shares of Newpark Resources, Inc. (NYSE:NR) traded down $0.35 during midday trading on Thursday, hitting $8.45. 385,800 shares of the stock traded hands, compared to its average volume of 685,047. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.96 and a current ratio of 2.71. Newpark Resources, Inc. has a one year low of $6.40 and a one year high of $10.20.

Newpark Resources (NYSE:NR) last issued its earnings results on Monday, October 30th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). Newpark Resources had a net margin of 0.48% and a negative return on equity of 0.29%. The business had revenue of $201.70 million during the quarter, compared to the consensus estimate of $192.57 million. During the same period last year, the business posted ($0.16) EPS. The firm’s revenue for the quarter was up 92.8% compared to the same quarter last year. analysts expect that Newpark Resources, Inc. will post 0.06 EPS for the current year.

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About Newpark Resources

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.

Institutional Ownership by Quarter for Newpark Resources (NYSE:NR)

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