1 week Ago By ABMN Staff
Investment analysts at StockNews.com started coverage on shares of Newpark Resources ( NYSE:NR – Get Free Report ) in a note issued to investors on Sunday. The brokerage set a “hold” rating on the oil and gas company’s stock.
Separately, HC Wainwright reaffirmed a “buy” rating and issued a $12.00 price target on shares of Newpark Resources in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock.
Based on data from MarketBeat.com, Newpark Resources currently has a consensus rating of “Moderate Buy” and an average price target of $11.00.
Read Our Latest Analysis on Newpark Resources Newpark Resources Price Performance Hedge Funds Weigh In On Newpark Resources A number of hedge funds have recently modified their holdings of the company. Ground Swell Capital LLC bought a new stake in shares of Newpark Resources during the second quarter valued at approximately $91,000. EP Wealth Advisors LLC purchased a new position in Newpark Resources during the third quarter valued at $96,000.
Captrust Financial Advisors increased its holdings in Newpark Resources by 10.8% in the 3rd quarter. Captrust Financial Advisors now owns 14,624 shares of the oil and gas company’s stock valued at $101,000 after acquiring an additional 1,430 shares during the last quarter.
SG Americas Securities LLC purchased a new stake in Newpark Resources in the 3rd quarter worth $116,000. Finally, CWM LLC grew its position in shares of Newpark Resources by 79.3% during the third 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 in the last quarter. 80.81% of the stock is currently owned by institutional investors.
About Newpark Resources ( Get Free Report ) 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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