Oslo Asset Management Asa Decreased Newpark Resources Inc (NYSE:NR) Stake By $19.09 Million

August 12, 2018 - By Julie Barnes

Newpark Resources, Inc. (NYSE:NR) LogoInvestors sentiment increased to 1.42 in Q1 2018. Its up 0.34, from 1.08 in 2017Q4. It is positive, as 9 investors sold NR shares while 53 reduced holdings. 30 funds opened positions while 58 raised stakes. 82.87 million shares or 4.21% less from 86.52 million shares in 2017Q4 were reported. Sg Americas Securities Limited owns 11,583 shares. Falcon Point Ltd Company has invested 0.17% in Newpark Resources, Inc. (NYSE:NR). Engineers Gate Manager Limited Partnership, New York-based fund reported 45,897 shares. State Street holds 0% or 2.39 million shares in its portfolio. Voya Inv Mngmt Ltd Liability has 0% invested in Newpark Resources, Inc. (NYSE:NR) for 41,505 shares. Pnc Fincl Gru Incorporated reported 4,507 shares or 0% of all its holdings. Louisiana State Employees Retirement has invested 0.01% in Newpark Resources, Inc. (NYSE:NR). Parkwood Ltd Liability Co reported 0.03% stake. Parametric Portfolio Assocs reported 166,345 shares. Alliancebernstein Limited Partnership has 112,744 shares. Prudential reported 145,299 shares or 0% of all its holdings. 29,200 were reported by Ellington Mgmt Grp Ltd Liability Corp. Everence Capital Mngmt has invested 0.03% of its portfolio in Newpark Resources, Inc. (NYSE:NR). Grantham Mayo Van Otterloo Ltd Liability Corp reported 0.01% of its portfolio in Newpark Resources, Inc. (NYSE:NR). Trexquant Lp invested 0.01% of its portfolio in Newpark Resources, Inc. (NYSE:NR).

Since February 21, 2018, it had 0 insider buys, and 8 sales for $4.64 million activity. On Friday, May 4 Smith Bruce Campbell sold $459,253 worth of Newpark Resources, Inc. (NYSE:NR) or 43,750 shares. 51,490 shares valued at $540,908 were sold by Piontek Gregg on Wednesday, May 2. Howes Paul L sold $1.06M worth of stock or 102,505 shares. On Tuesday, May 1 AIROLA MARK J sold $1.32M worth of Newpark Resources, Inc. (NYSE:NR) or 127,250 shares. Another trade for 20,000 shares valued at $205,280 was sold by Anderson David C.

Oslo Asset Management Asa decreased its stake in Newpark Resources Inc (NYSE:NR) by 73.18% based on its latest 2018Q2 regulatory filing with the SEC. Oslo Asset Management Asa sold 1.91 million shares as the company’s stock rose 22.54% while stock markets declined. The institutional investor held 699,573 shares of the energy company at the end of 2018Q2, valued at $7.59 million, down from 2.61M at the end of the previous reported quarter. Oslo Asset Management Asa who had been investing in Newpark Resources Inc for a number of months, seems to be less bullish one the $955.38 million market cap company. It closed at $10.55 lastly. It is down 40.40% since August 13, 2017 and is uptrending. It has outperformed by 27.83% the S&P500.

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

Among 2 analysts covering Newpark Resources (NYSE:NR), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Newpark Resources had 2 analyst reports since March 5, 2018 according to SRatingsIntel. The rating was upgraded by Johnson Rice on Monday, March 5 to “Buy”. The stock of Newpark Resources, Inc. (NYSE:NR) earned “Outperform” rating by Credit Suisse on Monday, July 30.

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 $955.38 million. The firm operates through two divisions, Fluids Systems and Mats and Integrated Services. It has a 88.66 P/E ratio. 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.

More news for Newpark Resources, Inc. (NYSE:NR) were recently published by: Seekingalpha.com, which released: “Newpark Resources Inc. (NR) CEO Paul Howes on Q2 2018 Results – Earnings Call Transcript” on July 27, 2018. Seekingalpha.com‘s article titled: “More on Newpark Resources Q2 results” and published on July 27, 2018 is yet another important article.

Newpark Resources, Inc. (NYSE:NR) Institutional Positions Chart

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