Newpark Resources, Inc. (NYSE:NR) Director John C. Minge Buys 10,000 Shares

Newpark Resources, Inc. (NYSE:NR – Get Rating) Director John C. Minge purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, March 15th. The stock was acquired at an average cost of $4.03 per share, with a total value of $40,300.00. Following the transaction, the director now directly owns 172,045 shares in the company, valued at $693,341.35. The purchase was disclosed in a filing with the SEC, which is available at this link.

Newpark Resources Stock Down 6.3 %

Shares of Newpark Resources stock traded down $0.25 during trading on Friday, hitting $3.75. 1,060,911 shares of the stock were exchanged, compared to its average volume of 664,563. The stock has a market cap of $336.38 million, a price-to-earnings ratio of -17.86 and a beta of 2.85. The firm’s 50-day moving average price is $4.49 and its 200 day moving average price is $3.83. Newpark Resources, Inc. has a 12-month low of $2.38 and a 12-month high of $4.91. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.61 and a quick ratio of 1.70.

Institutional Investors Weigh In On Newpark Resources

Institutional investors have recently modified their holdings of the company. Perritt Capital Management Inc. purchased a new stake in shares of Newpark Resources during the 3rd quarter worth $202,000. Terril Brothers Inc. purchased a new stake in shares of Newpark Resources during the 3rd quarter worth $38,000. Captrust Financial Advisors lifted its position in shares of Newpark Resources by 216.1% during the 2nd quarter. Captrust Financial Advisors now owns 32,522 shares of the oil and gas company’s stock worth $100,000 after purchasing an additional 22,234 shares during the last quarter. Bleakley Financial Group LLC acquired a new stake in Newpark Resources during the 4th quarter worth $87,000. Finally, ProShare Advisors LLC acquired a new stake in Newpark Resources during the 4th quarter worth $46,000. 78.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NR shares. TheStreet raised shares of Newpark Resources from a “d+” rating to a “c” rating in a research report on Friday, February 17th. StockNews.com initiated coverage on shares of Newpark Resources in a research report on Thursday. They issued a “buy” rating for the company.

About Newpark Resources

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Newpark Resources, Inc engages in the provision of products, rentals and services to the oil and gas exploration and production industry. It operates through the Fluids Systems and Industrial Solutions segments. The Fluids Systems segment offers drilling fluids products and technical services. The Industrial Solutions segments includes site and access solutions business along with industrial bending operations.