Discussion stirs around Newpark Resources Inc (NYSE:NR) this week; here is what analysts are saying.

June 20, 2017 - By Marie Mckinney

 Discussion stirs around Newpark Resources Inc (NYSE:NR) this week; here is what analysts are saying.
Investors sentiment increased to 1.4 in 2016 Q4. Its up 0.25, from 1.15 in 2016Q3. It improved, as 13 investors sold Newpark Resources Inc shares while 45 reduced holdings. 30 funds opened positions while 51 raised stakes. 84.56 million shares or 5.18% more from 80.39 million shares in 2016Q3 were reported.
Hightower Advsr Ltd Llc has invested 0.01% in Newpark Resources Inc (NYSE:NR). Swiss Bancshares holds 140,300 shares. Virginia Retirement Et Al reported 13,500 shares. Lazard Asset Ltd Com holds 930,830 shares. Miles owns 26,469 shares. D E Shaw And Commerce invested 0% of its portfolio in Newpark Resources Inc (NYSE:NR). 22,473 are owned by Capstone Asset. Barclays Public accumulated 0% or 27,714 shares. State Bank Of New York Mellon accumulated 3.01M shares. Van Den Berg Management I reported 148,750 shares. 101,100 are held by Strs Ohio. Profund Advisors Limited Liability Corp holds 0.01% in Newpark Resources Inc (NYSE:NR) or 26,816 shares. Goldman Sachs Group holds 0% in Newpark Resources Inc (NYSE:NR) or 379,797 shares. Credit Suisse Ag reported 95,368 shares. Lafitte Cap Mngmt Ltd Partnership holds 666,352 shares.

Since April 3, 2017, it had 0 buys, and 8 selling transactions for $2.34 million activity. Smith Bruce Campbell had sold 10,578 shares worth $84,624. Howes Paul L sold 141,140 shares worth $1.12M. Another trade for 15,124 shares valued at $111,096 was sold by Anderson David C.

Newpark Resources Inc (NYSE:NR) Ratings Coverage

Among 5 analysts covering Newpark Resources (NYSE:NR), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Newpark Resources had 9 analyst reports since September 4, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Credit Suisse on Monday, July 18. Cowen & Co downgraded the shares of NR in report on Thursday, January 19 to “Market Perform” rating. The stock of Newpark Resources Inc (NYSE:NR) has “Buy” rating given on Monday, May 2 by Tudor Pickering. Credit Suisse maintained Newpark Resources Inc (NYSE:NR) rating on Friday, September 4. Credit Suisse has “Neutral” rating and $8 target. Loop Capital upgraded Newpark Resources Inc (NYSE:NR) on Thursday, January 5 to “Buy” rating. The firm earned “Outperform” rating on Tuesday, February 16 by Cowen & Co. The firm has “Outperform” rating given on Wednesday, June 1 by Credit Suisse. Capital One upgraded Newpark Resources Inc (NYSE:NR) on Wednesday, June 15 to “Overweight” rating. Below is a list of Newpark Resources Inc (NYSE:NR) latest ratings and price target changes.

19/01/2017 Broker: Cowen & Co Old Rating: Outperform New Rating: Market Perform Old Target: $7.50 New Target: $8 Downgrade
05/01/2017 Broker: Loop Capital Old Rating: Hold New Rating: Buy New Target: $1.00 Upgrade

About 33,247 shares traded. Newpark Resources Inc (NYSE:NR) has risen 85.19% since June 20, 2016 and is uptrending. It has outperformed by 68.49% the S&P500.

Newpark Resources, Inc. is a supplier providing services and products primarily to the gas and oil exploration and production industry. The company has market cap of $641.71 million. The Company’s divisions include Fluids Systems, and Mats and Integrated Services. It currently has negative earnings. The Fluids Systems segment provides drilling fluids products and technical services to clients in the North America; Europe, the Middle East and Africa; Latin America, and Asia Pacific regions.

Another recent and important Newpark Resources Inc (NYSE:NR) news was published by Prnewswire.com which published an article titled: “Newpark Resources To Present At JP Morgan Energy Equity Investor Conference” on June 15, 2017.

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