AQR Capital Management LLC Grows Holdings in Newpark Resources, Inc. (NYSE:NR)

AQR Capital Management LLC lifted its holdings in shares of Newpark Resources, Inc. (NYSE:NR - Free Report) by 12.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 649,967 shares of the oil and gas company's stock after purchasing an additional 71,073 shares during the period. AQR Capital Management LLC owned about 0.76% of Newpark Resources worth $5,401,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Marshall Wace LLP increased its position in Newpark Resources by 24.0% during the 2nd quarter. Marshall Wace LLP now owns 74,761 shares of the oil and gas company's stock worth $621,000 after purchasing an additional 14,466 shares in the last quarter. XTX Topco Ltd grew its holdings in shares of Newpark Resources by 75.5% during the second quarter. XTX Topco Ltd now owns 23,602 shares of the oil and gas company's stock worth $196,000 after buying an additional 10,156 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Newpark Resources by 2.5% during the second quarter. Renaissance Technologies LLC now owns 653,000 shares of the oil and gas company's stock worth $5,426,000 after buying an additional 15,859 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Newpark Resources by 125.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 26,813 shares of the oil and gas company's stock valued at $223,000 after buying an additional 14,931 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Newpark Resources by 19.9% during the second quarter. American Century Companies Inc. now owns 1,891,740 shares of the oil and gas company's stock valued at $15,720,000 after buying an additional 313,451 shares during the period. 80.81% of the stock is currently owned by institutional investors and hedge funds.

Newpark Resources Trading Up 1.0 %

Shares of NYSE NR traded up $0.07 during trading on Friday, hitting $7.12. 397,634 shares of the company traded hands, compared to its average volume of 674,901. The firm has a market capitalization of $606.64 million, a P/E ratio of 39.56 and a beta of 2.86. The company has a quick ratio of 1.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average price of $7.57 and a 200-day moving average price of $7.66. Newpark Resources, Inc. has a 1 year low of $5.61 and a 1 year high of $8.65.

Newpark Resources (NYSE:NR - Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.04. The firm had revenue of $179.01 million during the quarter, compared to the consensus estimate of $171.04 million. Newpark Resources had a return on equity of 7.49% and a net margin of 3.15%. During the same quarter in the previous year, the business earned $0.08 earnings per share. On average, equities analysts predict that Newpark Resources, Inc. will post 0.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on NR. StockNews.com cut shares of Newpark Resources from a "buy" rating to a "hold" rating in a research note on Monday, September 23rd. HC Wainwright reaffirmed a "buy" rating and issued a $12.00 price objective on shares of Newpark Resources in a research report on Thursday, September 19th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Newpark Resources presently has an average rating of "Moderate Buy" and a consensus target price of $11.00.

Newpark Resources Company 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.