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.
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.
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