Superior Energy Services, Inc. (NYSE:SPN)‘s stock had its “buy” rating reaffirmed by research analysts at Scotiabank in a research report issued on Friday, October 27th.
A number of other research analysts have also weighed in on SPN. Loop Capital reaffirmed a “buy” rating on shares of Superior Energy Services in a report on Monday, July 3rd. BidaskClub raised Superior Energy Services from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Barclays PLC lowered Superior Energy Services from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $18.00 to $11.00 in a report on Wednesday, July 12th. Jefferies Group LLC restated a “hold” rating and issued a $14.00 target price on shares of Superior Energy Services in a research report on Friday, July 14th. Finally, Piper Jaffray Companies set a $15.00 target price on Superior Energy Services and gave the stock a “buy” rating in a research report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.82.
Superior Energy Services (SPN) traded down $0.88 during midday trading on Friday, hitting $8.31. The stock had a trading volume of 2,983,700 shares, compared to its average volume of 4,078,943. Superior Energy Services has a 12 month low of $7.66 and a 12 month high of $19.28. The company has a current ratio of 1.99, a quick ratio of 1.64 and a debt-to-equity ratio of 1.15.
Superior Energy Services (NYSE:SPN) last announced its quarterly earnings data on Monday, October 23rd. The oil and gas company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.01). Superior Energy Services had a negative return on equity of 26.18% and a negative net margin of 24.59%. The firm had revenue of $506.00 million during the quarter, compared to analysts’ expectations of $511.23 million. During the same period last year, the business posted ($0.73) EPS. The company’s revenue was up 55.1% compared to the same quarter last year. sell-side analysts forecast that Superior Energy Services will post -1.63 EPS for the current fiscal year.
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In other Superior Energy Services news, Director Peter D. Kinnear bought 20,000 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was purchased at an average price of $8.52 per share, for a total transaction of $170,400.00. Following the completion of the transaction, the director now owns 64,607 shares of the company’s stock, valued at approximately $550,451.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.49% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPN. BlackRock Inc. grew its holdings in Superior Energy Services by 10,301.4% during the 1st quarter. BlackRock Inc. now owns 23,424,814 shares of the oil and gas company’s stock valued at $334,036,000 after buying an additional 23,199,606 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Superior Energy Services by 221.9% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 4,285,600 shares of the oil and gas company’s stock worth $44,699,000 after purchasing an additional 2,954,100 shares during the period. Balyasny Asset Management LLC boosted its holdings in shares of Superior Energy Services by 535.0% in the 2nd quarter. Balyasny Asset Management LLC now owns 3,008,663 shares of the oil and gas company’s stock worth $31,380,000 after purchasing an additional 2,534,833 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Superior Energy Services by 33.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,272,972 shares of the oil and gas company’s stock worth $86,287,000 after purchasing an additional 2,095,988 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Superior Energy Services by 20.7% during the 2nd quarter. Victory Capital Management Inc. now owns 11,290,645 shares of the oil and gas company’s stock worth $117,761,000 after acquiring an additional 1,933,360 shares during the last quarter.
Superior Energy Services Company Profile
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