Victory Capital Management Inc. Invests $1.36 Million in Newpark Resources, Inc. (NYSE:NR)

Victory Capital Management Inc. bought a new stake in Newpark Resources, Inc. (NYSE:NR - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 195,806 shares of the oil and gas company's stock, valued at approximately $1,357,000. Victory Capital Management Inc. owned 0.23% of Newpark Resources as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. CWM LLC increased its holdings in shares of Newpark Resources by 114.5% in the second quarter. CWM LLC now owns 9,730 shares of the oil and gas company's stock valued at $81,000 after purchasing an additional 5,193 shares during the last quarter. Ground Swell Capital LLC acquired a new stake in Newpark Resources during the second quarter worth approximately $91,000. SG Americas Securities LLC bought a new stake in shares of Newpark Resources during the third quarter worth approximately $116,000. Catalina Capital Group LLC grew its position in shares of Newpark Resources by 10.6% in 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 purchasing an additional 1,360 shares during the last quarter. Finally, GSA Capital Partners LLP increased its stake in shares of Newpark Resources by 68.1% during the third quarter. GSA Capital Partners LLP now owns 17,618 shares of the oil and gas company's stock worth $122,000 after purchasing an additional 7,140 shares during the period. 80.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. StockNews.com downgraded Newpark Resources from a "buy" rating to a "hold" rating in a research note on Monday, September 23rd. HC Wainwright reissued a "buy" rating and issued a $12.00 target price on shares of Newpark Resources in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.00.

Newpark Resources Price Performance

Shares of NR stock traded up $0.11 during trading on Tuesday, hitting $8.17. The company had a trading volume of 903,186 shares, compared to its average volume of 667,901. The firm has a market capitalization of $706.71 million, a P/E ratio of -4.46 and a beta of 2.87. Newpark Resources, Inc. has a one year low of $5.61 and a one year high of $8.65. 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 stock's 50-day moving average price is $7.14 and its 200 day moving average price is $7.61.

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.