Caxton Associates LP Sells 71,385 Shares of Newpark Resources, Inc. (NYSE:NR)

Caxton Associates LP trimmed its holdings in Newpark Resources, Inc. (NYSE:NR) by 57.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,095 shares of the oil and gas company’s stock after selling 71,385 shares during the period. Caxton Associates LP owned about 0.06% of Newpark Resources worth $376,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. GSA Capital Partners LLP bought a new position in shares of Newpark Resources in the fourth quarter valued at $2,567,000. Janney Montgomery Scott LLC bought a new position in shares of Newpark Resources in the first quarter valued at $859,000. Assenagon Asset Management S.A. raised its holdings in shares of Newpark Resources by 53.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 608,342 shares of the oil and gas company’s stock valued at $4,039,000 after purchasing an additional 212,872 shares during the last quarter. Yarra Square Partners LP raised its holdings in shares of Newpark Resources by 48.5% in the fourth quarter. Yarra Square Partners LP now owns 814,100 shares of the oil and gas company’s stock valued at $5,406,000 after purchasing an additional 266,000 shares during the last quarter. Finally, National Bank of Canada FI purchased a new stake in shares of Newpark Resources in the fourth quarter valued at about $59,000. 80.81% of the stock is owned by institutional investors.

Newpark Resources Stock Performance

NYSE NR traded up $0.04 during trading hours on Tuesday, reaching $8.13. 117,809 shares of the company were exchanged, compared to its average volume of 656,978. Newpark Resources, Inc. has a 1 year low of $4.99 and a 1 year high of $8.65. The business’s 50 day simple moving average is $8.00 and its 200-day simple moving average is $7.28. The company has a quick ratio of 1.74, a current ratio of 2.79 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $692.68 million, a P/E ratio of 45.00 and a beta of 2.89.

Newpark Resources (NYSE:NR) last posted its quarterly earnings data on Thursday, May 2nd. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. Newpark Resources had a net margin of 2.25% and a return on equity of 6.67%. The business had revenue of $169.11 million during the quarter, compared to the consensus estimate of $170.69 million. On average, equities research analysts expect that Newpark Resources, Inc. will post 0.35 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on NR shares. B. Riley increased their target price on shares of Newpark Resources from $10.00 to $11.00 and gave the company a “buy” rating in a report on Monday, May 6th. HC Wainwright reiterated a “buy” rating and issued a $12.00 target price on shares of Newpark Resources in a report on Monday, May 6th. Finally, StockNews.com upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $11.00.

About Newpark Resources

Newpark Resources, Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production (E&P) industry. It operates through two segments, Fluids Systems and Industrial Solutions. The Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers primarily in the North America, Europe, the Middle East, and Africa, as well as other countries in the Asia Pacific and Latin America.