Superior Energy Services Inc. (NYSE:SPN) has been given a $22.00 price objective by stock analysts at Jefferies Group in a research report issued on Tuesday. The firm currently has a a “buy” rating on the stock. Jefferies Group’s target price would suggest a potential upside of 21.75% from the company’s previous close.
A number of other brokerages have also recently commented on SPN. Citigroup Inc. increased their target price on Superior Energy Services from $20.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, July 13th. Macquarie began coverage on Superior Energy Services in a report on Friday, July 15th. They set a “neutral” rating for the company. Imperial Capital raised Superior Energy Services from an “in-line” rating to an “outperform” rating and increased their target price for the company from $15.00 to $23.00 in a report on Friday, July 15th. Stephens reissued a “top pick” rating on shares of Superior Energy Services in a report on Friday, July 15th. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Superior Energy Services in a report on Friday, August 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and four have given a strong buy rating to the company’s stock. Superior Energy Services presently has a consensus rating of “Buy” and a consensus price target of $17.04.
Superior Energy Services (NYSE:SPN) traded up 5.87% during trading on Tuesday, reaching $19.13. The company had a trading volume of 2,635,478 shares. Superior Energy Services has a 52 week low of $8.25 and a 52 week high of $19.83. The firm’s market capitalization is $2.90 billion. The company’s 50-day moving average is $16.72 and its 200 day moving average is $16.69.
Superior Energy Services (NYSE:SPN) last announced its earnings results on Monday, July 25th. The company reported ($0.53) EPS for the quarter, beating analysts’ consensus estimates 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 earned $356.30 million during the quarter, compared to analysts’ expectations of $367.73 million. During the same quarter in the prior year, the firm earned ($0.31) earnings per share. The business’s revenue was down 49.9% compared to the same quarter last year. Equities analysts anticipate that Superior Energy Services will post ($2.13) EPS for the current year.
Hedge funds have recently bought and sold shares of the company. Washington Trust Bank boosted its stake in Superior Energy Services by 0.3% in the third quarter. Washington Trust Bank now owns 9,832 shares of the company’s stock worth $176,000 after buying an additional 32 shares during the period. IBM Retirement Fund boosted its stake in Superior Energy Services by 1.4% in the second quarter. IBM Retirement Fund now owns 15,179 shares of the company’s stock worth $279,000 after buying an additional 211 shares during the period. IndexIQ Advisors LLC boosted its stake in Superior Energy Services by 5.3% in the second quarter. IndexIQ Advisors LLC now owns 5,846 shares of the company’s stock worth $108,000 after buying an additional 293 shares during the period. State Treasurer State of Michigan boosted its stake in Superior Energy Services by 0.7% in the second quarter. State Treasurer State of Michigan now owns 60,800 shares of the company’s stock worth $1,119,000 after buying an additional 400 shares during the period. Finally, Utah Retirement Systems boosted its stake in Superior Energy Services by 1.9% in the second quarter. Utah Retirement Systems now owns 27,379 shares of the company’s stock worth $504,000 after buying an additional 500 shares during the period.
Superior Energy Services Company Profile
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