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

August 12, 2018 - By Rene Reddy

Newpark Resources, Inc. (NYSE:NR) LogoInvestors sentiment increased to 1.42 in Q1 2018. Its up 0.34, from 1.08 in 2017Q4. It improved, 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. State Board Of Administration Of Florida Retirement invested in 0% or 83,252 shares. Retail Bank Of Montreal Can invested in 0% or 283,735 shares. Laurion Mngmt L P has invested 0% in Newpark Resources, Inc. (NYSE:NR). Geode Management Ltd Liability holds 0% or 749,301 shares in its portfolio. Parkside State Bank & has invested 0% in Newpark Resources, Inc. (NYSE:NR). Ameriprise holds 0.01% of its portfolio in Newpark Resources, Inc. (NYSE:NR) for 1.81 million shares. Citadel Advsr Ltd Limited Liability Company reported 0% of its portfolio in Newpark Resources, Inc. (NYSE:NR). Nj State Employees Deferred Compensation Plan owns 100,000 shares for 0.14% of their portfolio. Eaton Vance holds 0% of its portfolio in Newpark Resources, Inc. (NYSE:NR) for 175,202 shares. Fmr Lc stated it has 162,289 shares. Bridgeway Cap Inc holds 152,500 shares or 0.01% of its portfolio. Kbc Gru Nv holds 0.01% in Newpark Resources, Inc. (NYSE:NR) or 141,457 shares. Bluecrest Capital Management Ltd has invested 0.01% in Newpark Resources, Inc. (NYSE:NR). Parkwood Ltd Co holds 28,235 shares or 0.03% of its portfolio. Blackrock has 11.92M shares for 0% of their portfolio.

Since February 21, 2018, it had 0 insider purchases, and 8 insider sales for $4.64 million activity. $494,166 worth of Newpark Resources, Inc. (NYSE:NR) was sold by Howes Paul L on Friday, May 4. 18,913 shares were sold by LANIGAN MATTHEW, worth $198,959 on Wednesday, May 2. Another trade for 43,750 shares valued at $370,731 was sold by Smith Bruce Campbell. $540,908 worth of stock was sold by Piontek Gregg on Wednesday, May 2. AIROLA MARK J sold 127,250 shares worth $1.32 million.

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 2.61 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. The stock has “Buy” rating by Johnson Rice on Monday, March 5. Credit Suisse maintained the stock with “Outperform” rating in Monday, July 30 report.

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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