Newpark Resources Inc.

Newpark Resources Inc.

Newpark Resources Inc.

Overview
Date Founded

1988

Headquarters

2700 Research Forest Drive,Suite 100,The Woodlands, TX 77381-4252

Type of Company

Public

Employees (Worldwide)

2,500

Industries

Oil & Gas
Alternative Energy
Industrial Machinery & Manufacturing
Waste Management & Recycling
Power & Utilities

Company Description

Newpark Resources, Inc. engages in the provision of products, rentals, and services to the oil and gas exploration and production industry. It operates through the following segments: Fluids Systems and Mats and Integrated Services. The Fluids Systems segment offers drilling fluids products and technical services. The Mats and Integrated Services segment comprises composite mat rentals, site construction, and related site services for customers in oil and gas exploration and production, electrical transmission and distribution, pipeline, solar, petrochemical, and construction industries. The company was founded in 1932 and is headquartered in The Woodlands, TX.

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Executives & Employees

Chief Executive Officer

Senior Vice President & Chief Financial Officer

Vice President, General Counsel, Chief Administrative Officer, Chief Compliance Officer & Secretary

Chief Accounting Officer & Corporate Controller

Vice President & President of Mats & Integrated Services

Vice President

Controller

Director

Director-Internal Audit

AP Coordinator

Board of Directors

Senior Advisor at Quantum Energy Partners LLC

Former Chief Financial Officer & Senior Vice President at DCP Midstream LP

President, Director & Chief Executive Officer at Oceaneering International, Inc.

Chief Executive Officer at Newpark Resources Inc.

President & Director at BP Corporation North America, Inc.

Former Senior Vice President, Finance & Administration & Chief Financial Officer at Baker Hughes, a GE Co. LLC

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Newpark Resources Inc.
Owners & Shareholders
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Hillcrest Asset Management manages tax-exempt, separate-account portfolios of value and core-oriented US equities. The firm's active small-cap value and core strategies seek to capture excess return through the use of a multi-factor stock selection model. The model weighs three factors: (1) earnings estimates by analysts (2) relative value and (3) projected future earnings growth. Portfolios are structured to capitalize on stock selection while minimizing exposure to other risks, such as beta, sector/industry exposures and investment style.Hillcrest's US Small Cap Core strategy seeks capital growth through investments in the stocks of companies with a market-cap of $200,000 to $2 million. The firm focuses on high-quality companies that have superior valuations relative to the market and earnings growth greater than the market. The expected tracking error target is 4% to 5% with an information ratio of 1. Portfolios typically hold 140 to 180 securities with an annual turnover of 38%. The strategy is benchmarked against the Russell 2000 Index.Hillcrest's US Small-Cap Value strategy seeks capital growth through investments in the stocks of companies with a market-cap of $200, 000 to $2 million. The firm focuses on high-quality companies that have superior valuations relative to the market and earnings growth greater than the market. The expected tracking error target is 4% to 5% with an information ratio of 1. Portfolios typically hold 60 to 70 securities with an annual turnover of 35%. The strategy is benchmarked against the Russell 2000 Value Index.The firm's US Small-Cap Deep Value strategy seeks capital growth through investments in the stocks of companies with a market-cap of $100,000 to $2 million. The firm focuses on high-quality companies that have superior valuations relative to the market and earnings growth greater than the market. The expected tracking error target is 6% to 7% with an information ratio of over 0.5%. Portfolios typically hold 25 to 30 securities with an annual turnover of 10% to 20%. The strategy is benchmarked against the Russell 2000 Value Index.Hillcrest's US Enhanced Large-Cap Core strategy seeks to consistently outperform the S&P 500 Index while maintaining a lower level of risk. The strategy invests in companies with a market-cap of $2 million to $475 million. The expected tracking error target is 2%. Portfolios typically hold 100 to 125 securities.

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Tieton Capital Management manages a Small-Cap Value equity strategy that focuses on buying value companies with market-caps generally less than $2 billion. The firm's investment philosophy and process is based on a fundamentals-based, bottom-up approach. Tieton buys businesses, rather than simply trading stocks. They look for companies with catalysts to drive the company for the next two to four years. Tieton prefers industries in which companies have the ability to differentiate. They target companies with solid competitive positions, quality management teams, prudent debt levels, and the ability to earn sound return on capital. Companies should offer a product or service that adds value and be capable of generating solid cash flow and internally generated revenue growth over time.

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Piermont Capital Management Piermont's investment philosophy is built on the belief that significant alpha generation opportunities in the small-cap segment of the market can be identified through a systematic, risk-controlled and repeatable process. The firm focuses on security selection, limiting undesired tracking error, and positioning the portfolio optimally regardless of the type of market and economic environment. The strategies utilize multi-factor ranking models combined with a thorough qualitative fundamental risk review. Piermont employs sector-specific multi-factor models that each combine 5-9 factors to rank stocks versus their peers at the industry level. In addition, over 40 factors are used across all of the sector models. The models are long-term in nature, with a focus on excess return consistency across various market environments. Piermont's portfolio construction process is designed to maximize the value added through stock selection and minimize benchmark-relative risks that do not add excess return. This risk-controlled, security selection-focused approach is designed to generate excess returns, a higher information ratio, and more consistent returns. A stock ranked within the top 20% of its sector is a purchase candidate. For a stock to be highly ranked, it must stand out versus its industry and sector peers on the factors that are most relevant to predictive stock performance within the sector. Purchase candidates are subject to market capitalization, liquidity and minimum price per share parameters, as well as a qualitative risk review.The Piermont LongShort Fund seeks to invest in a portfolio of long and short stocks to achieve investment returns near the level of long-only U.S. public stock-market indices over a full market cycle, but with reduced return volatility, greater downside protection, and a lower correlation to long-only stock indices.

Recent Transactions
Details Hidden

Newpark Resources Inc., Newpark Mats & Integrated Services LLC purchase Well Service Group, Inc.

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Newpark Resources Inc. purchases Pragmatic Drilling Fluids Additives Ltd.

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Aeropolis SRL purchases AVA SpA from Newpark Resources Inc.

Insider Transactions
Details Hidden
Transaction Advisors
Accountant

Advised onNewpark Resources Inc. purchases Sampey Bilbo Meschi Drilling Fluids Management, Inc.

Auditor

Advised onNewpark Resources Inc. issued Common Stock

Legal Advisor

Advised onNewpark Resources Inc., Newpark Mats & Integrated Services LLC purchase Well Service Group, Inc.

Associate

Advised onNewpark Resources Inc., Newpark Mats & Integrated Services LLC purchase Well Service Group, Inc.

Legal Advisor

Advised onNewpark Resources Inc., Newpark Australia Pty Ltd. purchase Rheochem Plc /Drilling Fluids Ops (4) from Rheochem Plc

Founder

Advised onNewpark Resources Inc., Newpark Australia Pty Ltd. purchase Rheochem Plc /Drilling Fluids Ops (4) from Rheochem Plc

Advisors & Consultants
Consultant

Former President & Director at Newpark Drilling Fluids LLC

Clients

Baker Hughes Co. is a holding company, which engages in the provision of oilfield products, services, and digital solutions. It operates through the following four segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS) and Digital Solutions (DS). The OFS segment provides products and services for on and offshore operations across the lifecycle of a well, ranging from drilling, evaluation, completion, production, and intervention. The OFE segment provides a broad portfolio of products and services required to facilitate the safe and reliable flow of hydrocarbons from the subsea wellhead to the surface production facilities. The TPS segment provides equipment and related services for mechanical-drive, compression and power-generation applications. The DS segment provides operating technologies helping to improve the health, productivity, and safety of asset intensive industries and enable the Industrial Internet of Things. The company was founded on October 28, 2016 and is headquartered in Houston, TX.

Our aim is to discover, develop and deliver value from our assets and people for the benefit of all our stakeholders. We are an entrepreneurial oil and gas explorer and developer with a 20-year track record of delivering transformational value for all our stakeholders. We are passionate about enriching people's lives through energy exploration and development. For us, this includes nurturing the talent of our staff, developing safe and healthy work places, protecting the environment and supporting strong, vibrant communities. Cairn is a dynamic, entrepreneurial company. Our agility and ability to forge strong, open and lasting relationships are essential to our success.

Anadarko Petroleum Corp. is an independent exploration and production company. It operates through the following segments: Exploration and Production; WES Midstream; and Other Midstream. The Exploration and Production segment explores and produces natural gas, crude oil, condensate, and natural gas liquids. The Midstream segment engages in gathering, processing, treating, and transportation services to the company and third-party oil and natural gas producers. The Other Midstream segment consists of midstream assets not owned by WES. It markets oil, natural gas, and natural gas liquids in the United States, Algeria, China and Ghana. The company was founded in 1959 and is headquartered in The Woodlands, TX.

Key Stats and Financials As of 2019
Market Capitalization
$386M
Total Enterprise Value
$701M
Earnings Per Share
$-0.14
EBITDAMargin
8.41%
Enterprise Value Sales
0.85x
Enterprise Value EBITDAOperating
9.78x
TEVNet Income
-54.15x
Debt TEV
0.27x
Revenue
$820M
Net Profit
$-13M
Total Equity
$549M
EBITDA
$69M
Total Debt
$187M
Three Year Compounded Annual Growth Rate Of Revenue
20.26%
Five Year Compounded Annual Growth Rate Of Revenue
-6.02%
Political Donations
$1,000
2009
Suppliers
Dialog Group Bhd. Other Business & Consulting Services | Petaling Jaya, SE

Dialog Group Bhd, is an investment holding company, which engages in the provision of integrated technical services to the oil, gas, and petrochemical industry. It operates through the following geographical segments: Malaysia, Asia, Australia and New Zealand, Middle East, and Other Countries. Its services include logistics services, upstream services, engineering, procurement, construction and commissioning, specialist products and services, plant maintenance and catalyst handling services, fabrication, and digital technology and solutions. The company was founded by Ngau Boon Keat in 1984 and is headquartered in Petaling Jaya, Malaysia.

Bri-Chem Corp. Wholesale: Raw Materials | Edmonton, AB

Bri-Chem Corp. engages in the provision of drilling fluids for the oil and gas industry. It operates through the following segments: Fluids Distribution Canada, Fluids Distribution USA, Fluids Blending and Packaging Canada, Fluids Blending and Packaging USA, and Other. The Other segment represents insignificant segments and all remaining costs not directly attributable to an operating segment, such as corporate overhead. The company was founded in 1985 and is headquartered in Edmonton, Canada.

Competitors
Baker Hughes Co. Oil & Gas - Houston, Texas

Baker Hughes Co. is a holding company, which engages in the provision of oilfield products, services, and digital solutions. It operates through the following four segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS) and Digital Solutions (DS). The OFS segment provides products and services for on and offshore operations across the lifecycle of a well, ranging from drilling, evaluation, completion, production, and intervention. The OFE segment provides a broad portfolio of products and services required to facilitate the safe and reliable flow of hydrocarbons from the subsea wellhead to the surface production facilities. The TPS segment provides equipment and related services for mechanical-drive, compression and power-generation applications. The DS segment provides operating technologies helping to improve the health, productivity, and safety of asset intensive industries and enable the Industrial Internet of Things. The company was founded on October 28, 2016 and is headquartered in Houston, TX.

Schlumberger Ltd. Oil & Gas - Houston, TX

Corporate profile: Schlumberger Knowledge, technical innovation and teamwork are at the center of who we are. For more than 80 years, we have focused on leveraging these assets to deliver solutions that improve customer performance. Today, our real-time technology services and solutions enable customers to translate acquired data into useful information, then transform this information into knowledge for improved decision making-anytime, anywhere. Harnessing information technology in this way offers enormous opportunities to enhance efficiency and productivity. This is a quantum leap from providing traditional 'just-in-case' information to delivering 'just-in-time' knowledge that meets the changing needs of our customers

Halliburton Company Oil & Gas - Houston, Texas

Halliburton Co. engages in the provision of services and products to the energy industry related to the exploration, development, and production of oil and natural gas. It operates through the Completion and Production, and Drilling and Evaluation segments. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services. The Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation, and wellbore placement solutions that enable customers to model, measure, and optimize their well construction activities. The company was founded by Erle P. Halliburton in 1919 and is headquartered in Houston, TX.

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