Superior Energy Services’ (SPN) “Buy” Rating Reiterated at Deutsche Bank AG

Deutsche Bank AG reiterated their buy rating on shares of Superior Energy Services, Inc. (NYSE:SPN) in a research note released on Thursday, July 27th. They currently have a $15.00 price target on the oil and gas company’s stock, down from their prior price target of $22.00.

Other equities analysts have also issued reports about the stock. Scotiabank set a $22.00 price target on shares of Superior Energy Services and gave the company a buy rating in a research report on Saturday, April 1st. Royal Bank Of Canada reaffirmed a hold rating and issued a $20.00 target price on shares of Superior Energy Services in a research note on Monday, April 3rd. BMO Capital Markets restated a market perform rating and set a $16.00 target price on shares of Superior Energy Services in a report on Wednesday, April 12th. Jefferies Group LLC reaffirmed a hold rating and set a $19.00 price target on shares of Superior Energy Services in a research report on Tuesday, April 25th. Finally, Nomura set a $13.00 price objective on shares of Superior Energy Services and gave the stock a hold rating in a research note on Thursday, April 27th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $16.33.

Shares of Superior Energy Services (NYSE SPN) opened at 8.59 on Thursday. The stock’s 50 day moving average price is $10.33 and its 200-day moving average price is $12.65. The firm’s market capitalization is $1.31 billion. Superior Energy Services has a 12-month low of $8.54 and a 12-month high of $19.39.

Superior Energy Services (NYSE:SPN) last released its quarterly earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.07. The business had revenue of $470.07 million for the quarter, compared to the consensus estimate of $465.75 million. Superior Energy Services had a negative net margin of 31.24% and a negative return on equity of 28.82%. Superior Energy Services’s revenue for the quarter was up 31.9% on a year-over-year basis. During the same quarter last year, the firm earned ($3.09) EPS. On average, equities analysts expect that Superior Energy Services will post ($1.57) EPS for the current year.

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Several large investors have recently made changes to their positions in SPN. Ferguson Wellman Capital Management Inc. boosted its stake in shares of Superior Energy Services by 5.0% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 1,661,044 shares of the oil and gas company’s stock valued at $23,686,000 after buying an additional 78,623 shares in the last quarter. Nationwide Fund Advisors boosted its stake in shares of Superior Energy Services by 2.7% in the first quarter. Nationwide Fund Advisors now owns 282,717 shares of the oil and gas company’s stock valued at $4,032,000 after buying an additional 7,338 shares in the last quarter. Retirement Systems of Alabama boosted its stake in shares of Superior Energy Services by 111.8% in the first quarter. Retirement Systems of Alabama now owns 415,007 shares of the oil and gas company’s stock valued at $5,918,000 after buying an additional 219,058 shares in the last quarter. Hermes Investment Management Ltd. boosted its stake in shares of Superior Energy Services by 2.9% in the first quarter. Hermes Investment Management Ltd. now owns 1,627,573 shares of the oil and gas company’s stock valued at $23,209,000 after buying an additional 45,133 shares in the last quarter. Finally, Washington Trust Bank boosted its position in Superior Energy Services by 17.7% in the first quarter. Washington Trust Bank now owns 9,810 shares of the oil and gas company’s stock valued at $140,000 after buying an additional 1,478 shares during the period.

Superior Energy Services Company Profile

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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