Newpark Resources, Inc. (NR) Reaches $10.30 After 6.00% Down Move; Auxier Asset Management Decreased Bank Of America (BAC) Stake

June 10, 2018 - By Michael Collier

Newpark Resources, Inc. (NYSE:NR) Logo

The stock of Newpark Resources, Inc. (NYSE:NR) is a huge mover today! It closed at $10.3 lastly. It is down 40.40% since June 10, 2017 and is uptrending. It has outperformed by 27.83% the S&P500. Some Historical NR News: ; 23/05/2018 – NEWPARK REIT LTD NRLJ.J – FY REVENUE OF 136.5 MLN RAND VS 109.7 MLN RAND YR AGO; 23/04/2018 – DJ Newpark Resources Inc, Inst Holders, 1Q 2018 (NR); 04/04/2018 – Newpark Resources Announces Planned General Counsel Succession; 26/04/2018 – NEWPARK RESOURCES 1Q ADJ EPS 8.0C, EST. 7.6C; 26/04/2018 – NEWPARK RESOURCES 1Q EPS 8.0C, EST. 7.6C; 26/04/2018 – NEWPARK RESOURCES 1Q ADJ EPS 8.0C; 26/04/2018 – NEWPARK RESOURCES 1Q EPS 8.0C; 24/04/2018 – Newpark Resources Forms Golden Cross: Technicals; 02/04/2018 – Fidelity Select Natural Resources Exits Newpark Re; 21/05/2018 – NEWPARK RESOURCES INC NR.N SAYS ANTHONY J. BEST APPOINTED CHAIRMAN OF THE BOARDThe move comes after 6 months negative chart setup for the $919.90M company. It was reported on Jun, 10 by Barchart.com. We have $9.68 PT which if reached, will make NYSE:NR worth $55.19M less.

Auxier Asset Management decreased Bank Of America Corp (BAC) stake by 3.74% reported in 2018Q1 SEC filing. Auxier Asset Management sold 13,150 shares as Bank Of America Corp (BAC)’s stock declined 6.97%. The Auxier Asset Management holds 338,347 shares with $10.15M value, down from 351,497 last quarter. Bank Of America Corp now has $303.98B valuation. It closed at $29.98 lastly. It is down 29.72% since June 10, 2017 and is uptrending. It has outperformed by 17.15% the S&P500. Some Historical BAC News: ; 16/05/2018 – Check Point Software at Bank of America Conference Jun 5; 20/04/2018 – Qiagen Presenting at Bank of America Conference May 16; 16/03/2018 – BANK OF AMERICA CORP BAC.N : CREDIT SUISSE RAISES TARGET PRICE TO $36 FROM $35; 01/05/2018 – Bank of America: Two-Thirds of Boston Entrepreneurs Foresee Long-Term Growth – Highest Since 2015 Tue, 01 May 2018 13:00:00; 14/05/2018 – Radius Health Presenting at Bank of America Conference Tomorrow; 25/04/2018 – Senate Banking Chairman Chastises Citibank, Bank of America on Guns; 15/05/2018 – Charles River Presenting at Bank of America Conference Tomorrow; 09/05/2018 – American Air Presenting at Bank of America Conference May 15; 01/05/2018 – Pacira Presenting at Bank of America Conference May 15; 02/04/2018 – HEADHUNTER GROUP PLC SAYS VTB CAPITAL, BOFA MERRILL LYNCH, SBERBANK CIB ARE AMONG UNDERWRITERS TO IPO

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Seekingalpha.com which released: “Bank of America +2.6%, other US banks rise as economy chugs along” on June 06, 2018, also Fool.com with their article: “Better Buy: Bank of America Corporation vs. Wells Fargo” published on June 09, 2018, Seekingalpha.com published: “Bank Of America: More Tailwinds” on June 03, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Investorplace.com and their article: “3 Best Stocks to Buy for June” published on June 08, 2018 as well as Seekingalpha.com‘s news article titled: “Financial sector the winner today” with publication date: May 22, 2018.

Investors sentiment decreased to 0.95 in Q1 2018. Its down 0.24, from 1.19 in 2017Q4. It fall, as 73 investors sold BAC shares while 633 reduced holdings. 134 funds opened positions while 535 raised stakes. 6.66 billion shares or 2.67% less from 6.85 billion shares in 2017Q4 were reported. Thrivent Fin For Lutherans owns 11.81 million shares. Steadfast Cap Mgmt LP holds 1.91% or 3.60 million shares. Rnc Cap Mgmt Limited Liability Com holds 36,547 shares or 0.08% of its portfolio. 41,492 are owned by Segall Bryant Hamill Ltd. The Pennsylvania-based Snow Cap Mngmt Limited Partnership has invested 3.75% in Bank of America Corporation (NYSE:BAC). Miles Capital, a Iowa-based fund reported 22,465 shares. Parsons Capital Management Inc Ri accumulated 58,768 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 3.83M shares. Regentatlantic Capital Ltd holds 1.23% or 492,446 shares in its portfolio. First Allied Advisory Inc invested in 0.25% or 219,547 shares. Focused Ltd invested in 3.4% or 2.59M shares. Natl Bank Pictet Cie (Asia) Limited owns 10,000 shares. Guardian Capital Ltd Partnership holds 970,981 shares or 0.5% of its portfolio. 5.95 million were accumulated by Toronto Dominion Commercial Bank. Livforsakringsbolaget Skandia Omsesidigt stated it has 593,452 shares or 0.09% of all its holdings.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 114 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by Jefferies on Friday, August 11. The firm earned “Outperform” rating on Friday, April 7 by Wood. The stock of Bank of America Corporation (NYSE:BAC) earned “Hold” rating by Berenberg on Monday, April 24. The stock of Bank of America Corporation (NYSE:BAC) has “Overweight” rating given on Wednesday, November 1 by JP Morgan. The firm has “Neutral” rating by UBS given on Wednesday, January 11. Deutsche Bank downgraded it to “Hold” rating and $17 target in Tuesday, November 8 report. The firm has “Hold” rating by BMO Capital Markets given on Wednesday, April 12. The stock of Bank of America Corporation (NYSE:BAC) earned “Outperform” rating by Wells Fargo on Thursday, September 10. The stock of Bank of America Corporation (NYSE:BAC) earned “Neutral” rating by UBS on Monday, October 16. The rating was maintained by Robert W. Baird on Tuesday, October 31 with “Hold”.

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on July, 17. They expect $0.63 earnings per share, up 36.96% or $0.17 from last year’s $0.46 per share. BAC’s profit will be $6.39B for 11.90 P/E if the $0.63 EPS becomes a reality. After $0.62 actual earnings per share reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts 1.61% EPS growth.

Among 7 analysts covering Newpark Resources (NYSE:NR), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Newpark Resources had 14 analyst reports since September 4, 2015 according to SRatingsIntel. The rating was upgraded by Tudor Pickering to “Buy” on Monday, May 2. The stock of Newpark Resources, Inc. (NYSE:NR) earned “Outperform” rating by Credit Suisse on Monday, July 18. The firm earned “Hold” rating on Thursday, January 11 by Cowen & Co. The firm has “Hold” rating given on Friday, July 7 by Cowen & Co. The company was downgraded on Thursday, January 19 by Cowen & Co. The stock of Newpark Resources, Inc. (NYSE:NR) earned “Outperform” rating by Credit Suisse on Wednesday, June 1. The firm earned “Buy” rating on Monday, March 5 by Johnson Rice. As per Thursday, January 5, the company rating was upgraded by Loop Capital. The rating was maintained by Credit Suisse with “Neutral” on Friday, September 4. The firm earned “Outperform” rating on Tuesday, February 16 by Cowen & Co.

More news for Newpark Resources, Inc. (NYSE:NR) were recently published by: Streetinsider.com, which released: “Newpark Resources (NR) Names Anthony J. Best as Chairman” on May 21, 2018. Nasdaq.com‘s article titled: “Recent Analysis Shows Liberty Broadband, Primerica, Adtalem Global Education, Newpark Resources, Varian Medical …” and published on May 15, 2018 is yet another important article.

Since February 21, 2018, it had 0 buys, and 8 sales for $4.64 million activity. Smith Bruce Campbell also sold $459,253 worth of Newpark Resources, Inc. (NYSE:NR) on Friday, May 4. Piontek Gregg sold $540,908 worth of stock or 51,490 shares. On Tuesday, May 1 the insider AIROLA MARK J sold $1.32 million. LANIGAN MATTHEW sold $198,959 worth of stock or 18,913 shares. On Wednesday, May 2 the insider Howes Paul L sold $1.06 million. $205,280 worth of Newpark Resources, Inc. (NYSE:NR) shares were sold by Anderson David C.

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 $919.90 million. The firm operates through two divisions, Fluids Systems and Mats and Integrated Services. It currently has negative earnings. 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.

Analysts await Newpark Resources, Inc. (NYSE:NR) to report earnings on July, 26. They expect $0.09 earnings per share, up 350.00% or $0.07 from last year’s $0.02 per share. NR’s profit will be $8.04M for 28.61 P/E if the $0.09 EPS becomes a reality. After $0.08 actual earnings per share reported by Newpark Resources, Inc. for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

Investors sentiment increased to 1.42 in Q1 2018. Its up 0.34, from 1.08 in 2017Q4. It improved, as 9 investors sold Newpark Resources, Inc. 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. Jacobs Levy Equity Mngmt has 0.02% invested in Newpark Resources, Inc. (NYSE:NR) for 164,472 shares. Federated Pa holds 0% in Newpark Resources, Inc. (NYSE:NR) or 67,224 shares. 11,947 are owned by Amalgamated Bancorporation. Moreover, Blackrock Inc has 0% invested in Newpark Resources, Inc. (NYSE:NR). Daruma Cap Ltd Limited Liability Company owns 4.23 million shares. Heartland Advsr owns 1.60 million shares or 0.87% of their US portfolio. Moreover, Rhumbline Advisers has 0% invested in Newpark Resources, Inc. (NYSE:NR). Van Den Berg I has invested 0.09% of its portfolio in Newpark Resources, Inc. (NYSE:NR). Tower Rech (Trc) holds 26,915 shares. Citadel Ltd Liability owns 116,141 shares. Piermont Capital Management invested in 233,067 shares. Cibc Asset invested 0% of its portfolio in Newpark Resources, Inc. (NYSE:NR). Prudential Inc invested in 145,299 shares. Teacher Retirement Systems Of Texas, Texas-based fund reported 19,006 shares. 283,735 were reported by Natl Bank Of Montreal Can.

Bank of America Corporation (NYSE:BAC) Institutional Positions Chart

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