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

August 12, 2018 - By Carolyn Hewitt

Newpark Resources, Inc. (NYSE:NR) LogoInvestors sentiment increased to 1.42 in 2018 Q1. 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. Geode Llc accumulated 749,301 shares. Ptnrs Ltd Llc stated it has 0.01% in Newpark Resources, Inc. (NYSE:NR). State Of Alaska Department Of Revenue stated it has 0% of its portfolio in Newpark Resources, Inc. (NYSE:NR). Van Eck Associate reported 0% in Newpark Resources, Inc. (NYSE:NR). Franklin Resources holds 0% of its portfolio in Newpark Resources, Inc. (NYSE:NR) for 986,433 shares. Credit Suisse Ag holds 0% or 196,733 shares. Cubist Systematic Strategies Llc reported 32,840 shares. Public Employees Retirement Sys Of Ohio reported 0% in Newpark Resources, Inc. (NYSE:NR). Prudential Fin holds 0% or 145,299 shares in its portfolio. Teacher Retirement Systems Of Texas owns 19,006 shares. Piedmont Advisors Ltd Liability Com invested 0% of its portfolio in Newpark Resources, Inc. (NYSE:NR). Pub Sector Pension Investment Board reported 57,670 shares stake. Macquarie Limited holds 10,507 shares. Campbell & Investment Adviser Limited Liability Corporation reported 12,254 shares. Us Financial Bank De has 0% invested in Newpark Resources, Inc. (NYSE:NR) for 301 shares.

Since February 21, 2018, it had 0 insider buys, and 8 selling transactions for $4.64 million activity. Another trade for 20,000 shares valued at $205,280 was sold by Anderson David C. The insider LANIGAN MATTHEW sold 18,913 shares worth $198,959. Howes Paul L had sold 47,495 shares worth $494,166. AIROLA MARK J sold $1.32M worth of Newpark Resources, Inc. (NYSE:NR) on Tuesday, May 1. Another trade for 51,490 shares valued at $540,908 was made by Piontek Gregg on Wednesday, May 2.

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 1.91M 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 2.61 million 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 $955.38M 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. As per Monday, July 30, the company rating was maintained by Credit Suisse. The stock of Newpark Resources, Inc. (NYSE:NR) has “Buy” rating given on Monday, March 5 by Johnson Rice.

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

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

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