Newpark Resources, Inc. (NYSE:NR) Stake Raised by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its holdings in shares of Newpark Resources, Inc. (NYSE:NR) by 439.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 349,136 shares of the oil and gas company’s stock after acquiring an additional 284,421 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.40% of Newpark Resources worth $2,420,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Ancora Advisors LLC raised its stake in shares of Newpark Resources by 182.5% during the 1st quarter. Ancora Advisors LLC now owns 647,930 shares of the oil and gas company’s stock worth $4,678,000 after purchasing an additional 418,570 shares in the last quarter. Russell Investments Group Ltd. grew its position in Newpark Resources by 210.2% in the first quarter. Russell Investments Group Ltd. now owns 516,427 shares of the oil and gas company’s stock worth $3,729,000 after acquiring an additional 349,935 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Newpark Resources by 19.9% during the 2nd quarter. American Century Companies Inc. now owns 1,891,740 shares of the oil and gas company’s stock worth $15,720,000 after purchasing an additional 313,451 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in Newpark Resources by 161.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 322,326 shares of the oil and gas company’s stock worth $2,327,000 after purchasing an additional 199,066 shares in the last quarter. Finally, Roubaix Capital LLC increased its position in Newpark Resources by 43.7% during the first quarter. Roubaix Capital LLC now owns 622,965 shares of the oil and gas company’s stock worth $4,498,000 after buying an additional 189,333 shares during the last quarter. Institutional investors and hedge funds own 80.81% of the company’s stock.

Newpark Resources Stock Performance

Shares of NYSE NR opened at $6.57 on Tuesday. Newpark Resources, Inc. has a 12 month low of $5.61 and a 12 month high of $8.65. The company has a market cap of $568.11 million, a P/E ratio of 26.28 and a beta of 2.87. The business’s 50 day moving average is $7.20 and its two-hundred day moving average is $7.59. The company has a quick ratio of 1.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.09.

Newpark Resources (NYSE:NR) last issued its quarterly earnings results on Monday, August 5th. The oil and gas company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. The firm had revenue of $179.01 million during the quarter, compared to the consensus estimate of $171.04 million. Newpark Resources had a net margin of 3.15% and a return on equity of 7.49%. During the same period in the prior year, the firm earned $0.08 EPS. On average, equities analysts expect that Newpark Resources, Inc. will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NR shares. HC Wainwright reissued a “buy” rating and set a $12.00 price objective on shares of Newpark Resources in a report on Thursday, September 19th. StockNews.com downgraded shares of Newpark Resources from a “buy” rating to a “hold” rating in a report on Monday, September 23rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $11.00.

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.