Insider Selling: Newpark Resources, Inc. (NR) Director Sells $99,327.00 in Stock

Newpark Resources, Inc. (NYSE:NR) Director G Stephen Finley sold 11,300 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $8.79, for a total transaction of $99,327.00. Following the transaction, the director now directly owns 192,658 shares of the company’s stock, valued at $1,693,463.82. The sale was disclosed in a document filed with the SEC, which is available through this link.

G Stephen Finley also recently made the following trade(s):

  • On Monday, November 27th, G Stephen Finley sold 2,000 shares of Newpark Resources stock. The stock was sold at an average price of $8.83, for a total transaction of $17,660.00.

Newpark Resources, Inc. (NYSE:NR) opened at $8.95 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.71 and a quick ratio of 1.96. Newpark Resources, Inc. has a fifty-two week low of $6.40 and a fifty-two week high of $10.20.

Newpark Resources (NYSE:NR) last announced its quarterly earnings data on Monday, October 30th. The oil and gas company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01). The company had revenue of $201.70 million for the quarter, compared to analyst estimates of $192.57 million. Newpark Resources had a negative return on equity of 0.29% and a net margin of 0.48%. Newpark Resources’s revenue was up 92.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.16) earnings per share. sell-side analysts forecast that Newpark Resources, Inc. will post 0.06 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Piedmont Investment Advisors LLC acquired a new position in shares of Newpark Resources in the 2nd quarter valued at about $141,000. Ameriprise Financial Inc. boosted its holdings in shares of 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 valued at $4,245,000 after buying an additional 26,342 shares during the period. Royce & Associates LP boosted its holdings in shares of Newpark Resources by 5.6% in the 2nd quarter. Royce & Associates LP now owns 3,163,261 shares of the oil and gas company’s stock valued at $23,250,000 after buying an additional 166,700 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Newpark Resources by 27.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,330,770 shares of the oil and gas company’s stock valued at $24,481,000 after buying an additional 715,250 shares during the period. Finally, Chicago Equity Partners LLC acquired a new position in shares of Newpark Resources in the 2nd quarter valued at about $1,041,000.

NR has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Newpark Resources from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Tuesday, October 24th. Cowen set a $9.00 price objective on shares of Newpark Resources and gave the stock a “hold” rating in a report on Friday, October 6th. SunTrust Banks raised shares of Newpark Resources from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Finally, BidaskClub lowered shares of Newpark Resources from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Newpark Resources presently has a consensus rating of “Hold” and a consensus target price of $10.25.

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About Newpark Resources

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.

Insider Buying and Selling by Quarter for Newpark Resources (NYSE:NR)

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