G Stephen Finley Sells 7,300 Shares of Newpark Resources, Inc. (NR) Stock

Newpark Resources, Inc. (NYSE:NR) Director G Stephen Finley sold 7,300 shares of Newpark Resources stock in a transaction on Friday, December 1st. The stock was sold at an average price of $9.08, for a total transaction of $66,284.00. Following the completion of the transaction, the director now owns 180,358 shares in the company, valued at approximately $1,637,650.64. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Wednesday, November 29th, G Stephen Finley sold 11,300 shares of Newpark Resources stock. The stock was sold at an average price of $8.79, for a total transaction of $99,327.00.
  • 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 $8.80 on Wednesday. Newpark Resources, Inc. has a 52-week low of $6.40 and a 52-week high of $10.20. 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 (NYSE:NR) last released its quarterly earnings data on Monday, October 30th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Newpark Resources had a net margin of 0.48% and a negative return on equity of 0.29%. The firm had revenue of $201.70 million during the quarter, compared to analysts’ expectations of $192.57 million. During the same quarter in the previous year, the firm posted ($0.16) EPS. Newpark Resources’s revenue was up 92.8% compared to the same quarter last year. analysts expect that Newpark Resources, Inc. will post 0.06 EPS for the current year.

NR has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Newpark Resources from a “buy” rating to a “hold” rating in a research report on Saturday, November 11th. SunTrust Banks upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Cowen set a $9.00 target price on shares of Newpark Resources and gave the stock a “hold” rating in a research report on Friday, October 6th. Finally, BidaskClub cut shares of Newpark Resources from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $10.25.

Several hedge funds have recently added to or reduced their stakes in the business. BlueCrest Capital Management Ltd bought a new stake in shares of Newpark Resources during the 2nd quarter valued at about $100,000. GSA Capital Partners LLP bought a new stake in shares of Newpark Resources during the 3rd quarter valued at about $113,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Newpark Resources during the 3rd quarter valued at about $114,000. State of Alaska Department of Revenue boosted its stake in shares of Newpark Resources by 86.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 17,414 shares of the oil and gas company’s stock valued at $127,000 after purchasing an additional 8,064 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Newpark Resources by 24.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 18,797 shares of the oil and gas company’s stock valued at $138,000 after purchasing an additional 3,730 shares in the last quarter.

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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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