Superior Energy Services, Inc. (NYSE:SPN) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
Several other analysts also recently weighed in on SPN. Scotiabank set a $22.00 target price on shares of Superior Energy Services and gave the company a “buy” rating in a report on Saturday, April 1st. BMO Capital Markets reiterated a “market perform” rating and issued a $16.00 price objective on shares of Superior Energy Services in a research note on Wednesday, April 12th. Royal Bank Of Canada set a $20.00 target price on shares of Superior Energy Services and gave the stock a “hold” rating in a research report on Saturday, June 24th. Jefferies Group LLC restated a “hold” rating and set a $14.00 target price on shares of Superior Energy Services in a research report on Friday. Finally, Guggenheim cut shares of Superior Energy Services from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company. Superior Energy Services presently has a consensus rating of “Hold” and a consensus price target of $17.63.
Shares of Superior Energy Services (NYSE SPN) opened at 10.95 on Tuesday. Superior Energy Services has a one year low of $8.99 and a one year high of $19.39. The stock’s market capitalization is $1.67 billion. The stock’s 50 day moving average is $10.69 and its 200-day moving average is $14.36.
Superior Energy Services (NYSE:SPN) last posted its earnings results on Tuesday, April 25th. The oil and gas company reported ($0.59) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.61) by $0.02. Superior Energy Services had a negative net margin of 62.02% and a negative return on equity of 27.75%. The firm had revenue of $400.94 million for the quarter, compared to the consensus estimate of $388.26 million. During the same period last year, the firm posted ($0.49) EPS. The company’s revenue was down 3.0% on a year-over-year basis. On average, equities research analysts predict that Superior Energy Services will post ($1.70) EPS for the current fiscal year.
In related news, insider David D. Dunlap acquired 45,000 shares of the business’s stock in a transaction on Friday, April 28th. The stock was bought at an average cost of $12.26 per share, with a total value of $551,700.00. Following the completion of the acquisition, the insider now owns 530,657 shares in the company, valued at $6,505,854.82. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.91% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Independent Portfolio Consultants Inc. purchased a new stake in shares of Superior Energy Services during the first quarter worth approximately $105,000. Flinton Capital Management LLC raised its position in Superior Energy Services by 9.1% in the first quarter. Flinton Capital Management LLC now owns 8,708 shares of the oil and gas company’s stock valued at $124,000 after buying an additional 728 shares during the last quarter. Washington Trust Bank raised 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 last quarter. Neuburgh Advisers LLC raised its position in Superior Energy Services by 9.1% in the first quarter. Neuburgh Advisers LLC now owns 10,574 shares of the oil and gas company’s stock valued at $151,000 after buying an additional 884 shares during the last quarter. Finally, Endurance Wealth Management Inc. raised its position in Superior Energy Services by 1.0% in the first quarter. Endurance Wealth Management Inc. now owns 11,026 shares of the oil and gas company’s stock valued at $158,000 after buying an additional 112 shares during the last quarter.
Superior Energy Services Company Profile
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