Charles Schwab Investment Management Inc. Increases Stock Position in Newpark Resources, Inc. (NYSE:NR)

Charles Schwab Investment Management Inc. increased its holdings in Newpark Resources, Inc. (NYSE:NR - Free Report) by 125.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 764,873 shares of the oil and gas company's stock after purchasing an additional 425,505 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.88% of Newpark Resources worth $5,301,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Catalina Capital Group LLC lifted its stake in shares of Newpark Resources by 10.6% in the 2nd quarter. Catalina Capital Group LLC now owns 14,241 shares of the oil and gas company's stock valued at $118,000 after purchasing an additional 1,360 shares during the last quarter. Ironwood Investment Management LLC raised its holdings in Newpark Resources by 1.0% during the 2nd quarter. Ironwood Investment Management LLC now owns 145,520 shares of the oil and gas company's stock valued at $1,209,000 after buying an additional 1,442 shares during the period. NorthCrest Asset Manangement LLC lifted its position in Newpark Resources by 3.6% in the third quarter. NorthCrest Asset Manangement LLC now owns 43,203 shares of the oil and gas company's stock worth $299,000 after buying an additional 1,517 shares during the last quarter. First Bank & Trust boosted its stake in Newpark Resources by 10.0% during the third quarter. First Bank & Trust now owns 21,704 shares of the oil and gas company's stock worth $150,000 after buying an additional 1,965 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its stake in Newpark Resources by 10.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 29,543 shares of the oil and gas company's stock worth $205,000 after buying an additional 2,730 shares during the period. Hedge funds and other institutional investors own 80.81% of the company's stock.

Wall Street Analysts Forecast Growth

NR has been the subject of several analyst reports. StockNews.com lowered shares of Newpark Resources from a "buy" rating to a "hold" rating in a report on Monday, September 23rd. HC Wainwright reiterated a "buy" rating and set a $12.00 target price on shares of Newpark Resources in a research report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $11.00.

Newpark Resources Stock Performance

Shares of NR traded down $0.18 during trading hours on Friday, reaching $7.76. 266,693 shares of the company traded hands, compared to its average volume of 668,947. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.29 and a quick ratio of 2.00. The business has a fifty day moving average price of $7.37 and a 200-day moving average price of $7.65. Newpark Resources, Inc. has a 12-month low of $5.61 and a 12-month high of $8.65.

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.