Newpark Resources
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 Q3 regulatory filings by fund managers ($100M+ AUM)
51% more call options, than puts
Call options by funds: $74K | Put options by funds: $49K
36% more repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 56
0.78% less ownership
Funds ownership: 87.32% [Q2] → 86.54% (-0.78%) [Q3]
4% less funds holding
Funds holding: 197 [Q2] → 189 (-8) [Q3]
17% less capital invested
Capital invested by funds: $618M [Q2] → $511M (-$107M) [Q3]
24% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 33
60% less funds holding in top 10
Funds holding in top 10: 5 [Q2] → 2 (-3) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
HC Wainwright & Co. Amit Dayal 44% 1-year accuracy 29 / 66 met price target | 54%upside $12 | Buy Reiterated | 11 Nov 2024 |
HC Wainwright & Co. Amit Dayal 44% 1-year accuracy 29 / 66 met price target | 54%upside $12 | Buy Reiterated | 19 Sept 2024 |
Financial journalist opinion
