Newpark Resources, Inc. (NYSE:NR) Stock Holdings Raised by M&T Bank Corp

M&T Bank Corp lifted its stake in shares of Newpark Resources, Inc. (NYSE:NR) by 29.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 310,212 shares of the oil and gas company’s stock after buying an additional 70,863 shares during the quarter. M&T Bank Corp’s holdings in Newpark Resources were worth $2,150,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Catalina Capital Group LLC raised its stake in Newpark Resources by 10.6% during the second quarter. Catalina Capital Group LLC now owns 14,241 shares of the oil and gas company’s stock valued at $118,000 after buying an additional 1,360 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Newpark Resources by 10.8% during the 3rd quarter. Captrust Financial Advisors now owns 14,624 shares of the oil and gas company’s stock valued at $101,000 after acquiring an additional 1,430 shares in the last quarter. Ironwood Investment Management LLC lifted its stake in Newpark Resources by 1.0% during the second quarter. Ironwood Investment Management LLC now owns 145,520 shares of the oil and gas company’s stock worth $1,209,000 after purchasing an additional 1,442 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its stake in Newpark Resources by 3.6% during the third quarter. NorthCrest Asset Manangement LLC now owns 43,203 shares of the oil and gas company’s stock worth $299,000 after purchasing an additional 1,517 shares during the last quarter. Finally, First Bank & Trust boosted its holdings in Newpark Resources by 10.0% in the third quarter. First Bank & Trust now owns 21,704 shares of the oil and gas company’s stock worth $150,000 after purchasing an additional 1,965 shares during the period. 80.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. HC Wainwright reaffirmed a “buy” rating and set a $12.00 price objective on shares of Newpark Resources in a research report on Monday, November 11th. StockNews.com cut Newpark Resources from a “buy” rating to a “hold” rating in a research report on Monday, September 23rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.00.

Newpark Resources Price Performance

Shares of NR opened at $7.74 on Friday. Newpark Resources, Inc. has a one year low of $5.61 and a one year high of $8.65. The stock’s fifty day moving average is $7.38 and its 200-day moving average is $7.64. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.00 and a current ratio of 2.29. The firm has a market capitalization of $669.49 million, a price-to-earnings ratio of -4.23 and a beta of 2.92.

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.