Newpark Resources, Inc. (NYSE:NR) Shares Sold by Roubaix Capital LLC

Roubaix Capital LLC decreased its holdings in shares of Newpark Resources, Inc. (NYSE:NR - Free Report) by 24.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 433,632 shares of the oil and gas company's stock after selling 142,151 shares during the period. Newpark Resources makes up about 2.0% of Roubaix Capital LLC's holdings, making the stock its 23rd biggest position. Roubaix Capital LLC owned approximately 0.51% of Newpark Resources worth $2,879,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NR. Dorsey Wright & Associates acquired a new stake in shares of Newpark Resources during the third quarter worth $32,000. GAMMA Investing LLC purchased a new stake in Newpark Resources during the 4th quarter worth $49,000. National Bank of Canada FI acquired a new stake in Newpark Resources in the 4th quarter valued at $59,000. Victory Capital Management Inc. acquired a new stake in shares of Newpark Resources in the fourth quarter valued at about $67,000. Finally, Calamos Advisors LLC purchased a new stake in shares of Newpark Resources during the fourth quarter valued at approximately $77,000. Institutional investors and hedge funds own 80.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Roth Mkm started coverage on shares of Newpark Resources in a research note on Friday, March 8th. They issued a "buy" rating and a $10.00 price target for the company. Roth Capital reaffirmed a "buy" rating on shares of Newpark Resources in a report on Friday, March 8th. HC Wainwright reiterated a "buy" rating and set a $12.00 price target on shares of Newpark Resources in a research report on Monday, May 6th. B. Riley upped their price target on shares of Newpark Resources from $10.00 to $11.00 and gave the stock a "buy" rating in a research report on Monday, May 6th. Finally, StockNews.com raised Newpark Resources from a "hold" rating to a "buy" rating in a research note on Friday, May 3rd. Six analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $11.00.

Newpark Resources Price Performance

NYSE:NR traded down $0.08 on Friday, reaching $7.57. The stock had a trading volume of 565,909 shares, compared to its average volume of 546,497. Newpark Resources, Inc. has a 1-year low of $3.40 and a 1-year high of $7.84. The company has a market capitalization of $644.96 million, a P/E ratio of 42.06 and a beta of 2.78. The company has a quick ratio of 1.74, a current ratio of 2.79 and a debt-to-equity ratio of 0.14. The stock has a fifty day moving average price of $7.25 and a 200-day moving average price of $6.88.

Newpark Resources (NYSE:NR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The oil and gas company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.03). The firm had revenue of $167.82 million during the quarter, compared to analyst estimates of $170.87 million. Newpark Resources had a net margin of 2.25% and a return on equity of 6.67%. Research analysts forecast that Newpark Resources, Inc. will post 0.35 EPS for the current year.

Newpark Resources 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.

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