689,739 Shares in Superior Energy Services, Inc. (NYSE:SPN) Purchased by Caxton Associates LP

Caxton Associates LP purchased a new stake in Superior Energy Services, Inc. (NYSE:SPN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 689,739 shares of the oil and gas company’s stock, valued at approximately $7,194,000. Caxton Associates LP owned approximately 0.45% of Superior Energy Services at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. BlackRock Inc. increased its holdings in shares of Superior Energy Services by 10,301.4% in the first quarter. BlackRock Inc. now owns 23,424,814 shares of the oil and gas company’s stock valued at $334,036,000 after purchasing an additional 23,199,606 shares in the last quarter. Vanguard Group Inc. boosted its stake in Superior Energy Services by 2.8% in the second quarter. Vanguard Group Inc. now owns 12,918,988 shares of the oil and gas company’s stock valued at $134,745,000 after acquiring an additional 353,628 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Superior Energy Services by 20.7% in the second quarter. Victory Capital Management Inc. now owns 11,290,645 shares of the oil and gas company’s stock valued at $117,761,000 after acquiring an additional 1,933,360 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Superior Energy Services by 33.9% in the second quarter. Dimensional Fund Advisors LP now owns 8,272,972 shares of the oil and gas company’s stock valued at $86,287,000 after acquiring an additional 2,095,988 shares during the last quarter. Finally, State Street Corp boosted its stake in Superior Energy Services by 29.5% in the second quarter. State Street Corp now owns 5,866,537 shares of the oil and gas company’s stock valued at $61,185,000 after acquiring an additional 1,335,740 shares during the last quarter.

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A number of equities analysts have issued reports on the stock. Royal Bank Of Canada set a $20.00 price objective on shares of Superior Energy Services and gave the company a “hold” rating in a research note on Saturday, June 24th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $14.00 price objective on shares of Superior Energy Services in a research note on Friday, July 14th. Piper Jaffray Companies set a $12.00 price objective on shares of Superior Energy Services and gave the company a “buy” rating in a research note on Wednesday, August 16th. Wells Fargo & Company cut shares of Superior Energy Services from an “outperform” rating to a “market perform” rating in a research report on Monday. Finally, BidaskClub raised shares of Superior Energy Services from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $15.72.

Superior Energy Services, Inc. (NYSE SPN) traded down 3.137% during mid-day trading on Tuesday, reaching $9.725. 644,419 shares of the company’s stock were exchanged. The company has a 50-day moving average of $9.89 and a 200-day moving average of $10.77. The stock’s market cap is $1.49 billion. Superior Energy Services, Inc. has a 52-week low of $7.91 and a 52-week high of $19.39.

Superior Energy Services (NYSE:SPN) last issued its quarterly earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.07. Superior Energy Services had a negative return on equity of 28.82% and a negative net margin of 31.24%. The company had revenue of $470.07 million during the quarter, compared to the consensus estimate of $465.75 million. During the same period last year, the company earned ($3.09) earnings per share. Superior Energy Services’s revenue was up 31.9% on a year-over-year basis. Equities research analysts anticipate that Superior Energy Services, Inc. will post ($1.59) earnings per share for the current year.

Superior Energy Services Company Profile

Institutional Ownership by Quarter for Superior Energy Services (NYSE:SPN)

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