Tieton Capital Management LLC Has $6.87 Million Holdings in Newpark Resources, Inc. (NYSE:NR)

Tieton Capital Management LLC reduced its stake in Newpark Resources, Inc. (NYSE:NR) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 826,545 shares of the oil and gas company’s stock after selling 10,460 shares during the period. Newpark Resources accounts for approximately 3.8% of Tieton Capital Management LLC’s investment portfolio, making the stock its 8th biggest position. Tieton Capital Management LLC owned approximately 0.97% of Newpark Resources worth $6,869,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Victory Capital Management Inc. acquired a new stake in Newpark Resources during the 4th quarter worth approximately $67,000. Swiss National Bank bought a new stake in shares of Newpark Resources in the fourth quarter valued at about $1,079,000. Private Advisor Group LLC acquired a new position in shares of Newpark Resources in the fourth quarter valued at about $134,000. Teacher Retirement System of Texas bought a new position in Newpark Resources during the fourth quarter worth about $712,000. Finally, Dimensional Fund Advisors LP raised its stake in Newpark Resources by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,153,464 shares of the oil and gas company’s stock worth $40,859,000 after purchasing an additional 303,236 shares in the last quarter. 80.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating in a research report on Sunday. HC Wainwright restated a “buy” rating and set a $12.00 price target on shares of Newpark Resources in a report on Wednesday, August 7th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, Newpark Resources has a consensus rating of “Buy” and an average target price of $11.00.

Newpark Resources Stock Up 3.1 %

Newpark Resources stock opened at $7.34 on Tuesday. The firm has a market capitalization of $625.38 million, a price-to-earnings ratio of 40.78 and a beta of 2.87. The firm’s fifty day moving average price is $7.79 and its two-hundred day moving average price is $7.65. Newpark Resources, Inc. has a 1-year low of $5.61 and a 1-year high of $8.65. The company has a current ratio of 2.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.09.

Newpark Resources (NYSE:NR) last released its quarterly earnings results on Monday, August 5th. The oil and gas company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.04. Newpark Resources had a net margin of 3.15% and a return on equity of 7.49%. The business had revenue of $179.01 million for the quarter, compared to analysts’ expectations of $171.04 million. During the same period in the previous year, the company earned $0.08 earnings per share. On average, equities research analysts predict that Newpark Resources, Inc. will post 0.36 earnings per share for the current fiscal year.

Newpark Resources Profile

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.