Newpark Resources Inc (NR) Shares Bought by Monarch Partners Asset Management LLC

Monarch Partners Asset Management LLC lifted its holdings in shares of Newpark Resources Inc (NYSE:NR) by 66.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 443,763 shares of the oil and gas company’s stock after purchasing an additional 176,568 shares during the period. Monarch Partners Asset Management LLC owned 0.49% of Newpark Resources worth $3,049,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Victory Capital Management Inc. boosted its position in shares of Newpark Resources by 56.4% in the 3rd quarter. Victory Capital Management Inc. now owns 5,657,643 shares of the oil and gas company’s stock worth $58,556,000 after purchasing an additional 2,039,238 shares in the last quarter. BTIM Corp. bought a new position in shares of Newpark Resources during the 3rd quarter valued at about $11,314,000. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Newpark Resources by 38.6% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,768,600 shares of the oil and gas company’s stock valued at $28,655,000 after purchasing an additional 770,950 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Newpark Resources by 5.2% during the 3rd quarter. BlackRock Inc. now owns 13,580,438 shares of the oil and gas company’s stock valued at $140,558,000 after purchasing an additional 676,028 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Newpark Resources by 301.6% during the 3rd quarter. American Century Companies Inc. now owns 584,638 shares of the oil and gas company’s stock valued at $6,051,000 after purchasing an additional 439,061 shares during the last quarter. Institutional investors and hedge funds own 99.50% of the company’s stock.

Shares of NYSE:NR opened at $9.37 on Tuesday. The company has a quick ratio of 2.30, a current ratio of 3.69 and a debt-to-equity ratio of 0.28. Newpark Resources Inc has a 12 month low of $6.39 and a 12 month high of $11.65. The stock has a market capitalization of $850.87 million, a P/E ratio of 22.85 and a beta of 1.63.

Newpark Resources (NYSE:NR) last announced its quarterly earnings results on Thursday, February 7th. The oil and gas company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.03. Newpark Resources had a net margin of 3.41% and a return on equity of 6.85%. The firm had revenue of $247.70 million during the quarter, compared to the consensus estimate of $242.61 million. During the same quarter last year, the firm earned $0.06 EPS. The firm’s revenue for the quarter was up 21.2% compared to the same quarter last year. On average, sell-side analysts forecast that Newpark Resources Inc will post 0.47 earnings per share for the current year.

Several research analysts have commented on NR shares. ValuEngine downgraded shares of Newpark Resources from a “hold” rating to a “sell” rating in a report on Monday, October 29th. TheStreet downgraded shares of Newpark Resources from a “b-” rating to a “c+” rating in a report on Monday, October 29th. Finally, Zacks Investment Research downgraded shares of Newpark Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 23rd. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Newpark Resources presently has a consensus rating of “Buy” and a consensus price target of $11.50.

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Newpark Resources Profile

Newpark Resources, Inc provides products, rentals, and services primarily to the oil and gas exploration and production industry. It operates through two segments, 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 the Asia Pacific regions.

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

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