Engineers Gate Manager LP reduced its holdings in Newpark Resources Inc (NYSE:NR) by 28.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,945 shares of the oil and gas company’s stock after selling 15,323 shares during the quarter. Engineers Gate Manager LP’s holdings in Newpark Resources were worth $326,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Piedmont Investment Advisors LLC bought a new position in Newpark Resources in the 2nd quarter worth about $141,000. Ameriprise Financial Inc. increased its stake in Newpark Resources by 4.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 577,151 shares of the oil and gas company’s stock worth $4,245,000 after acquiring an additional 26,342 shares during the last quarter. Bank of Montreal Can increased its stake in Newpark Resources by 47.0% in the 4th quarter. Bank of Montreal Can now owns 282,191 shares of the oil and gas company’s stock worth $2,427,000 after acquiring an additional 90,215 shares during the last quarter. Epoch Investment Partners Inc. increased its stake in Newpark Resources by 0.7% in the 3rd quarter. Epoch Investment Partners Inc. now owns 1,876,339 shares of the oil and gas company’s stock worth $18,764,000 after acquiring an additional 12,953 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Newpark Resources by 6.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,554,412 shares of the oil and gas company’s stock worth $35,543,000 after acquiring an additional 223,642 shares during the last quarter.

In other news, Director G Stephen Finley sold 7,300 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $9.08, for a total value of $66,284.00. Following the completion of the transaction, the director now directly owns 180,358 shares in the company, valued at approximately $1,637,650.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 23,423 shares of company stock valued at $208,876 over the last quarter. Company insiders own 4.90% of the company’s stock.

Newpark Resources Inc (NR) opened at $8.30 on Thursday. The firm has a market capitalization of $695.28, a PE ratio of -118.55 and a beta of 1.54. The company has a quick ratio of 2.14, a current ratio of 3.19 and a debt-to-equity ratio of 0.29. Newpark Resources Inc has a one year low of $6.40 and a one year high of $10.20.

Newpark Resources (NYSE:NR) last posted its quarterly earnings data on Thursday, February 8th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. Newpark Resources had a positive return on equity of 1.59% and a negative net margin of 0.82%. The firm had revenue of $204.40 million during the quarter, compared to analysts’ expectations of $202.55 million. Newpark Resources’s revenue was up 49.1% compared to the same quarter last year. equities analysts predict that Newpark Resources Inc will post 0.43 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded Newpark Resources from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Tuesday, October 24th. SunTrust Banks upgraded Newpark Resources from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. ValuEngine lowered Newpark Resources from a “hold” rating to a “sell” rating in a research note on Friday, February 9th. Finally, Cowen set a $10.00 target price on Newpark Resources and gave the stock a “hold” rating in a research note on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.50.

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Newpark Resources Company Profile

Newpark Resources, Inc is a supplier providing products and services primarily to the oil and gas exploration and production (E&P) industry. The Company’s segments include Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment provides drilling fluids products and technical services to customers in the North America; Europe, the Middle East and Africa; Latin America, and Asia Pacific regions.

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Institutional Ownership by Quarter for Newpark Resources (NYSE:NR)

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