Somewhat Positive News Coverage Likely to Affect Superior Energy Services (SPN) Stock Price

Press coverage about Superior Energy Services (NYSE:SPN) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Superior Energy Services earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 74 out of 100, meaning that recent news coverage is likely to have an effect on the stock’s share price in the next several days.

These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:

Several research firms have commented on SPN. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $20.00 price target on shares of Superior Energy Services in a research note on Monday, April 3rd. Scotiabank set a $22.00 price target on shares of Superior Energy Services and gave the company a “buy” rating in a report on Saturday, April 1st. BMO Capital Markets restated a “market perform” rating and set a $16.00 price target on shares of Superior Energy Services in a report on Wednesday, April 12th. Tudor Pickering began coverage on shares of Superior Energy Services in a report on Thursday, March 23rd. They set a “hold” rating on the stock. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $19.00 price objective on shares of Superior Energy Services in a research note on Wednesday, March 22nd. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the stock. Superior Energy Services currently has an average rating of “Hold” and a consensus target price of $17.63.

Shares of Superior Energy Services (SPN) opened at 11.64 on Thursday. The company’s 50 day moving average is $10.40 and its 200-day moving average is $13.73. The firm’s market cap is $1.78 billion. Superior Energy Services has a 12 month low of $8.99 and a 12 month high of $19.39.

Superior Energy Services (NYSE:SPN) last issued its quarterly earnings data on Tuesday, April 25th. The oil and gas company reported ($0.59) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.61) by $0.02. The business had revenue of $400.94 million during the quarter, compared to analysts’ expectations of $388.26 million. Superior Energy Services had a negative return on equity of 27.75% and a negative net margin of 62.02%. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.49) EPS. Equities research analysts predict that Superior Energy Services will post ($1.70) EPS for the current year.

In other Superior Energy Services news, insider David D. Dunlap purchased 45,000 shares of the business’s stock in a transaction that occurred on Friday, April 28th. The stock was purchased at an average price of $12.26 per share, for a total transaction of $551,700.00. Following the purchase, the insider now directly owns 530,657 shares in the company, valued at $6,505,854.82. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.91% of the stock is owned by insiders.

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About Superior Energy Services

Insider Buying and Selling by Quarter for Superior Energy Services (NYSE:SPN)

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