Newpark Resources, Inc. (NYSE:NR) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its holdings in Newpark Resources, Inc. (NYSE:NR - Free Report) by 4.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,187,037 shares of the oil and gas company's stock after purchasing an additional 162,941 shares during the period. Vanguard Group Inc. owned 4.92% of Newpark Resources worth $28,932,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its holdings in Newpark Resources by 16.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,133,165 shares of the oil and gas company's stock worth $19,763,000 after purchasing an additional 708,123 shares in the last quarter. Cannell Capital LLC raised its holdings in shares of Newpark Resources by 20.8% during the 1st quarter. Cannell Capital LLC now owns 4,091,358 shares of the oil and gas company's stock worth $14,974,000 after acquiring an additional 703,605 shares in the last quarter. State Street Corp raised its holdings in shares of Newpark Resources by 27.2% during the 1st quarter. State Street Corp now owns 2,176,458 shares of the oil and gas company's stock worth $7,966,000 after acquiring an additional 465,650 shares in the last quarter. Morgan Stanley raised its holdings in shares of Newpark Resources by 7.3% during the 4th quarter. Morgan Stanley now owns 1,642,025 shares of the oil and gas company's stock worth $6,814,000 after acquiring an additional 112,305 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Newpark Resources by 1.6% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,612,050 shares of the oil and gas company's stock worth $6,206,000 after acquiring an additional 24,800 shares in the last quarter. 80.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NR shares. Roth Mkm started coverage on Newpark Resources in a research report on Friday, March 8th. They set a "buy" rating and a $10.00 target price on the stock. Roth Capital reissued a "buy" rating on shares of Newpark Resources in a research report on Friday, March 8th. TheStreet downgraded Newpark Resources from a "b-" rating to a "c+" rating in a research report on Thursday, January 4th. B. Riley initiated coverage on Newpark Resources in a research report on Tuesday. They issued a "buy" rating and a $10.00 price objective on the stock. Finally, StockNews.com downgraded Newpark Resources from a "buy" rating to a "hold" rating in a research report on Friday, February 23rd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Newpark Resources has an average rating of "Moderate Buy" and an average price target of $10.75.

Newpark Resources Stock Down 3.1 %

Shares of NYSE NR traded down $0.24 during mid-day trading on Friday, reaching $7.42. 617,362 shares of the company were exchanged, compared to its average volume of 687,225. The company has a quick ratio of 1.59, a current ratio of 2.62 and a debt-to-equity ratio of 0.14. The stock has a market cap of $632.20 million, a price-to-earnings ratio of 46.50 and a beta of 2.75. Newpark Resources, Inc. has a 1 year low of $3.40 and a 1 year high of $7.84. The firm has a 50-day moving average of $6.81 and a 200 day moving average of $6.81.

Newpark Resources (NYSE:NR - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The oil and gas company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.03). Newpark Resources had a net margin of 1.94% and a return on equity of 6.53%. The business had revenue of $167.82 million during the quarter, compared to analysts' expectations of $170.87 million. On average, research analysts expect that Newpark Resources, Inc. will post 0.3 earnings per share for the current year.

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.