Newpark ResourcesNR
Market Cap: $623M
About: Newpark Resources Inc is a diversified supplier providing environmentally-sensitive products, as well as rentals and services to customers across multiple industries. The company has two operating segments: Industrial Solutions and Fluids Systems. Fluids Systems segment which generates the majority of the revenue, provides drilling, completion, and stimulation fluids products and related technical services to customers for oil, natural gas, and geothermal projects. Geographically, the company derives majority of its revenue from the United States and also has its presence in Canada, EMEA, Latin America, and Asia Pacific regions.
Employees: 1,550
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
12,300% more call options, than puts
Call options by funds: $124K | Put options by funds: $1K
67% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 5 (+2) [Q2]
48% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 23
20% more repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 59
18% more capital invested
Capital invested by funds: $505M [Q1] → $597M (+$92M) [Q2]
6% more funds holding
Funds holding: 186 [Q1] → 197 (+11) [Q2]
2.22% more ownership
Funds ownership: 82.16% [Q1] → 84.38% (+2.22%) [Q2]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
HC Wainwright & Co. Amit Dayal 25% 1-year accuracy 23 / 93 met price target | 67%upside $12 | Buy Reiterated | 7 Aug 2024 |