IBM Retirement Fund raised its position in Superior Energy Services Inc. (NYSE:SPN) by 1.4% during the second quarter, Holdings Channel reports. The firm owned 15,179 shares of the company’s stock after buying an additional 211 shares during the period. IBM Retirement Fund’s holdings in Superior Energy Services were worth $279,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of the company. BlackRock Institutional Trust Company N.A. increased its stake in Superior Energy Services by 1.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,529,128 shares of the company’s stock worth $60,645,000 after buying an additional 79,760 shares during the period. BlackRock Japan Co. Ltd increased its stake in Superior Energy Services by 21.5% in the first quarter. BlackRock Japan Co. Ltd now owns 60,991 shares of the company’s stock worth $817,000 after buying an additional 10,800 shares during the period. Hudson Bay Capital Management LP acquired a new stake in Superior Energy Services during the first quarter worth about $2,273,000. Jacobs Levy Equity Management Inc. acquired a new stake in Superior Energy Services during the first quarter worth about $1,397,000. Finally, Virginia Retirement System acquired a new stake in Superior Energy Services during the first quarter worth about $323,000.
Shares of Superior Energy Services Inc. (NYSE:SPN) traded up 5.36% during trading on Friday, reaching $17.90. The company had a trading volume of 6,344,282 shares. Superior Energy Services Inc. has a 12 month low of $8.25 and a 12 month high of $19.83. The firm’s market capitalization is $2.72 billion. The stock has a 50 day moving average price of $16.49 and a 200 day moving average price of $16.25.
Superior Energy Services (NYSE:SPN) last issued its quarterly earnings data on Monday, July 25th. The company reported ($0.53) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.58) by $0.05. Superior Energy Services had a negative return on equity of 13.55% and a negative net margin of 84.36%. The business had revenue of $356.30 million for the quarter, compared to the consensus estimate of $367.73 million. During the same period last year, the business earned ($0.31) EPS. The firm’s revenue was down 49.9% compared to the same quarter last year. On average, equities research analysts forecast that Superior Energy Services Inc. will post ($2.13) EPS for the current year.
A number of analysts recently issued reports on SPN shares. Seaport Global Securities reissued a “buy” rating on shares of Superior Energy Services in a research report on Friday, August 19th. Jefferies Group reissued a “buy” rating and set a $22.00 target price on shares of Superior Energy Services in a research report on Wednesday, June 29th. Scotiabank restated a “focus stock” rating and issued a $27.00 price target (up previously from $21.00) on shares of Superior Energy Services in a report on Friday, June 17th. Zacks Investment Research cut Superior Energy Services from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th. Finally, Nomura set a $15.00 price target on Superior Energy Services and gave the stock a “hold” rating in a report on Tuesday, August 16th. Eight equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $16.94.
Superior Energy Services Company Profile
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