Why Mariko Gordon’s Daruma Capital Management Llc Reported Newpark Resources Inc Position?

February 15, 2018 - By Winifred Garcia

 Why Mariko Gordon's Daruma Capital Management Llc Reported Newpark Resources Inc Position?

Investors sentiment decreased to 0.97 in 2017 Q3. Its down 0.17, from 1.14 in 2017Q2. It turned negative, as 18 investors sold Newpark Resources, Inc. shares while 57 reduced holdings. 28 funds opened positions while 45 raised stakes. 87.91 million shares or 0.11% more from 87.81 million shares in 2017Q2 were reported.

Qs Investors Ltd holds 0% or 11,764 shares. Sg Americas Secs Limited Liability owns 19,392 shares or 0% of their US portfolio. Natixis accumulated 13,117 shares or 0% of the stock. State Bank Of America De reported 0% of its portfolio in Newpark Resources, Inc. (NYSE:NR). Morgan Stanley holds 193,842 shares or 0% of its portfolio. Raymond James And Assoc reported 31,401 shares stake. Nationwide Fund owns 246,348 shares for 0.01% of their portfolio. 115,333 are held by Prescott Group Cap Mgmt Limited Liability Com. 17,584 are held by State Of Alaska Department Of Revenue. Ny State Common Retirement Fund reported 0% of its portfolio in Newpark Resources, Inc. (NYSE:NR). State Bank Of Montreal Can reported 191,976 shares. Falcon Point Cap Limited Liability Com owns 119,774 shares. State Street holds 0% or 2.33 million shares in its portfolio. Pinebridge Investments L P reported 112,922 shares. Legal General Group Public Ltd Com invested 0% of its portfolio in Newpark Resources, Inc. (NYSE:NR).

The New Mariko Gordon’s Daruma Capital Management Llc Holding in Newpark Resources Inc

Daruma Capital Management Llc reported SC 13G form with the SEC for Newpark Resources Inc. Access it here: 000108514618000832. As reported by Mariko Gordon’s Daruma Capital Management Llc, the filler owns 5.1% or 4,373,697 shares of the Energy–company.

Newpark Resources Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Mariko Gordon’s Daruma Capital Management Llc’s positive view for Newpark Resources Inc. For a hedge fund managing $2.31 billion in assets and having 20+ experts this is interesting position.

The hedge fund is investor in the Energy sector. In the manager’s last 13-F, we saw 9% of Mariko Gordon’s Daruma Capital Management Llc’s portfolio is in the sector.

Newpark Resources Inc Institutional Sentiment

Filings show 158 investors own Newpark Resources Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 3850948. 79742116 were owned by these investors. 29 funds opened new Newpark Resources Inc stakes, 61 increased positions. There were 29 that closed positions and 44 reduced them.

Ironwood Investment Management Llc is an investor bullish on Newpark Resources Inc, owning 272145 shares as of Q3 2015 for 0.51% of its portfolio. Tfs Capital Llc owns 669248 shares or 0.33% of its portfolio. WA Tieton Capital Management Llc have 2.22% of its portfolio for 464440 shares. Further, Euclidean Technologies Management Llc reported stake worth 1.64% of its portfolio. The Q8 Oslo Asset Management Asa owns 2638324 shares. Newpark Resources Inc is 14.65% of its portfolio.

Business Profile

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. The Mats and Integrated Services segment provides composite mat rentals, as well as location construction and related site services, to customers at well, production, transportation and refinery locations in the United States. It manufactures and sells composite mats to customers outside of the United States, and to domestic customers outside of the oil and gas exploration market. The Fluids Systems segment offers customized solutions for technical drilling projects involving subsurface conditions, such as horizontal, directional, geologically deep or deep water drilling.

SEC Form 13G.

Mariko Gordon’s Daruma Capital Management Llc website.

It closed at $8.3 lastly. It is up 85.19% since February 15, 2017 and is uptrending. It has outperformed by 68.49% the S&P500.

Newpark Resources, Inc., together with its subsidiaries, provides services and products primarily to the gas and oil exploration and production industry. The company has market cap of $740.40 million. The firm operates through two divisions, Fluids Systems and Mats and Integrated Services. It currently has negative earnings. The Fluids Systems segment offers drilling fluids products and technical services for technical drilling projects involving complex subsurface conditions, including horizontal, directional, geologically deep, or deep water drilling.

Newpark Resources, Inc. (NYSE:NR) Ratings Coverage

Among 6 analysts covering Newpark Resources (NYSE:NR), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Newpark Resources has $10.0 highest and $1 lowest target. $6’s average target is -27.71% below currents $8.3 stock price. Newpark Resources had 13 analyst reports since September 4, 2015 according to SRatingsIntel. Cowen & Co maintained it with “Hold” rating and $10.0 target in Thursday, January 11 report. Cowen & Co maintained the shares of NR in report on Friday, July 7 with “Hold” rating. As per Tuesday, February 16, the company rating was maintained by Cowen & Co. The firm has “Outperform” rating given on Wednesday, June 1 by Credit Suisse. Credit Suisse maintained it with “Neutral” rating and $8 target in Friday, September 4 report. The rating was upgraded by Tudor Pickering to “Buy” on Monday, May 2. As per Thursday, November 2, the company rating was upgraded by SunTrust. Loop Capital upgraded the stock to “Buy” rating in Thursday, January 5 report. The rating was downgraded by Cowen & Co to “Market Perform” on Thursday, January 19. The stock of Newpark Resources, Inc. (NYSE:NR) has “Hold” rating given on Friday, October 6 by Cowen & Co.

More recent Newpark Resources, Inc. (NYSE:NR) news were published by: Streetinsider.com which released: “Form 8-K NEWPARK RESOURCES INC For: Feb 12” on February 12, 2018. Also Prnewswire.com published the news titled: “Newpark Resources Reports Fourth Quarter 2017 Results” on February 08, 2018. Seekingalpha.com‘s news article titled: “Newpark Resources’ (NR) CEO Paul Howes on Q3 2017 Results – Earnings Call …” with publication date: October 31, 2017 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.