Newpark Resources, Inc. (NR) Director Sells $25,604.61 in Stock
Newpark Resources, Inc. (NYSE:NR) Director G Stephen Finley sold 2,823 shares of Newpark Resources stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $9.07, for a total value of $25,604.61. Following the completion of the sale, the director now directly owns 176,235 shares in the company, valued at $1,598,451.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
G Stephen Finley also recently made the following trade(s):
- On Friday, December 1st, G Stephen Finley sold 7,300 shares of Newpark Resources stock. The stock was sold at an average price of $9.08, for a total value of $66,284.00.
- On Wednesday, November 29th, G Stephen Finley sold 11,300 shares of Newpark Resources stock. The stock was sold at an average price of $8.79, for a total value of $99,327.00.
- On Monday, November 27th, G Stephen Finley sold 2,000 shares of Newpark Resources stock. The stock was sold at an average price of $8.83, for a total value of $17,660.00.
Shares of Newpark Resources, Inc. (NYSE NR) traded down $0.25 during mid-day trading on Wednesday, hitting $8.80. The stock had a trading volume of 317,100 shares, compared to its average volume of 686,326. Newpark Resources, Inc. has a 1 year low of $6.40 and a 1 year high of $10.20. The company has a current ratio of 2.71, a quick ratio of 1.96 and a debt-to-equity ratio of 0.27.
A number of hedge funds and other institutional investors have recently modified their holdings of NR. BlueCrest Capital Management Ltd bought a new stake in Newpark Resources during the second quarter worth approximately $100,000. GSA Capital Partners LLP bought a new stake in Newpark Resources during the third quarter worth approximately $113,000. Raymond James Financial Services Advisors Inc. bought a new stake in Newpark Resources during the third quarter worth approximately $114,000. State of Alaska Department of Revenue increased its stake in Newpark Resources by 86.2% during the second quarter. State of Alaska Department of Revenue now owns 17,414 shares of the oil and gas company’s stock worth $127,000 after acquiring an additional 8,064 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in Newpark Resources by 24.8% during the second quarter. Cubist Systematic Strategies LLC now owns 18,797 shares of the oil and gas company’s stock worth $138,000 after acquiring an additional 3,730 shares during the last quarter.
Several brokerages have recently issued reports on NR. BidaskClub cut Newpark Resources from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Zacks Investment Research raised Newpark Resources from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Tuesday, October 24th. Cowen set a $9.00 target price on Newpark Resources and gave the stock a “hold” rating in a report on Friday, October 6th. Finally, SunTrust Banks raised Newpark Resources from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $10.25.
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Newpark Resources Company 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.
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