Roubaix Capital LLC Purchases 36,802 Shares of Newpark Resources, Inc. (NYSE:NR)

Roubaix Capital LLC raised its position in Newpark Resources, Inc. (NYSE:NR) by 6.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 617,079 shares of the oil and gas company’s stock after acquiring an additional 36,802 shares during the period. Newpark Resources comprises approximately 2.4% of Roubaix Capital LLC’s holdings, making the stock its 17th largest holding. Roubaix Capital LLC owned 0.72% of Newpark Resources worth $4,276,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. First Bank & Trust boosted its position in shares of Newpark Resources by 10.0% during the 3rd quarter. First Bank & Trust now owns 21,704 shares of the oil and gas company’s stock valued at $150,000 after acquiring an additional 1,965 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in Newpark Resources by 3.6% during the third quarter. NorthCrest Asset Manangement LLC now owns 43,203 shares of the oil and gas company’s stock valued at $299,000 after purchasing an additional 1,517 shares in the last quarter. CWM LLC grew its stake in shares of Newpark Resources by 79.3% in the 3rd quarter. CWM LLC now owns 17,443 shares of the oil and gas company’s stock valued at $121,000 after purchasing an additional 7,713 shares during the period. SG Americas Securities LLC acquired a new position in shares of Newpark Resources in the 3rd quarter worth approximately $116,000. Finally, Ironwood Investment Management LLC lifted its position in shares of Newpark Resources by 1.0% during the 2nd quarter. Ironwood Investment Management LLC now owns 145,520 shares of the oil and gas company’s stock worth $1,209,000 after buying an additional 1,442 shares during the period. Institutional investors and hedge funds own 80.81% of the company’s stock.

Wall Street Analyst Weigh In

NR has been the topic of a number of analyst reports. HC Wainwright reiterated a “buy” rating and set a $12.00 price objective on shares of Newpark Resources in a research note on Thursday, September 19th. StockNews.com cut shares of Newpark Resources from a “buy” rating to a “hold” rating in a research report on Monday, September 23rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.00.

Newpark Resources Price Performance

Newpark Resources stock opened at $6.73 on Thursday. Newpark Resources, Inc. has a 52 week low of $5.61 and a 52 week high of $8.65. The firm has a market cap of $581.92 million, a P/E ratio of 26.92 and a beta of 2.86. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.61 and a current ratio of 2.61. The business’s fifty day moving average is $7.29 and its two-hundred day moving average is $7.61.

Newpark Resources (NYSE:NR) last posted its quarterly earnings data on Monday, August 5th. The oil and gas company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.04. Newpark Resources had a net margin of 3.15% and a return on equity of 7.49%. The firm had revenue of $179.01 million during the quarter, compared to analysts’ expectations of $171.04 million. During the same quarter last year, the company posted $0.08 EPS. Equities research analysts forecast that Newpark Resources, Inc. will post 0.32 earnings per share for the current fiscal year.

About Newpark Resources

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.