Newpark Resources (NYSE:NR) Downgraded by TheStreet to D+

TheStreet lowered shares of Newpark Resources (NYSE:NRGet Rating) from a c- rating to a d+ rating in a report released on Friday, TheStreetRatingsTable reports.

Newpark Resources Trading Down 4.2 %

Shares of Newpark Resources stock opened at $2.72 on Friday. Newpark Resources has a 1 year low of $1.92 and a 1 year high of $4.81. The firm has a market cap of $255.68 million, a PE ratio of -13.60 and a beta of 2.92. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.69 and a quick ratio of 1.48. The company has a 50 day simple moving average of $3.28 and a two-hundred day simple moving average of $3.66.

Institutional Investors Weigh In On Newpark Resources

Several hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC bought a new stake in shares of Newpark Resources in the 4th quarter worth approximately $307,000. Assenagon Asset Management S.A. lifted its holdings in shares of Newpark Resources by 49.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 62,396 shares of the oil and gas company’s stock worth $183,000 after acquiring an additional 20,675 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Newpark Resources by 55.8% in the 4th quarter. New York State Common Retirement Fund now owns 51,514 shares of the oil and gas company’s stock worth $151,000 after acquiring an additional 18,458 shares during the last quarter. Nisa Investment Advisors LLC bought a new stake in shares of Newpark Resources in the 4th quarter worth approximately $41,000. Finally, Royce & Associates LP lifted its holdings in shares of Newpark Resources by 1.0% in the 4th quarter. Royce & Associates LP now owns 1,357,200 shares of the oil and gas company’s stock worth $3,990,000 after acquiring an additional 13,980 shares during the last quarter. 74.28% of the stock is currently owned by institutional investors.

Newpark Resources Company Profile

(Get Rating)

Newpark Resources, Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production (E&P) industry. The company 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.

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