Superior Energy Services, Inc. (SPN) Shares Sold by Energy Opportunities Capital Management LLC

Energy Opportunities Capital Management LLC cut its holdings in Superior Energy Services, Inc. (NYSE:SPN) by 42.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 616,943 shares of the oil and gas company’s stock after selling 458,867 shares during the quarter. Superior Energy Services accounts for 3.5% of Energy Opportunities Capital Management LLC’s investment portfolio, making the stock its 9th largest position. Energy Opportunities Capital Management LLC owned about 0.40% of Superior Energy Services worth $6,435,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. World Asset Management Inc increased its position in shares of Superior Energy Services by 0.3% in the second quarter. World Asset Management Inc now owns 11,665 shares of the oil and gas company’s stock valued at $122,000 after buying an additional 34 shares in the last quarter. Utah Retirement Systems increased its position in shares of Superior Energy Services by 0.4% in the first quarter. Utah Retirement Systems now owns 27,379 shares of the oil and gas company’s stock valued at $391,000 after buying an additional 100 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of Superior Energy Services by 1.7% in the first quarter. Teacher Retirement System of Texas now owns 12,155 shares of the oil and gas company’s stock valued at $173,000 after buying an additional 203 shares in the last quarter. Endurance Wealth Management Inc. increased its position in shares of Superior Energy Services by 4.9% in the second quarter. Endurance Wealth Management Inc. now owns 11,565 shares of the oil and gas company’s stock valued at $121,000 after buying an additional 539 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of Superior Energy Services by 0.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 142,360 shares of the oil and gas company’s stock valued at $2,030,000 after buying an additional 622 shares in the last quarter.

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SPN has been the subject of a number of recent analyst reports. Cowen and Company set a $14.00 price objective on Superior Energy Services and gave the company a “buy” rating in a research report on Friday, October 6th. Piper Jaffray Companies set a $15.00 price objective on Superior Energy Services and gave the company a “buy” rating in a research report on Tuesday, July 25th. Morgan Stanley cut Superior Energy Services from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, June 21st. Royal Bank Of Canada set a $20.00 price objective on Superior Energy Services and gave the company a “hold” rating in a research report on Saturday, June 24th. Finally, Barclays PLC set a $12.00 price objective on Superior Energy Services and gave the company a “hold” rating in a research report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. Superior Energy Services currently has a consensus rating of “Hold” and a consensus target price of $15.83.

Superior Energy Services, Inc. (NYSE:SPN) traded up 2.290% during trading on Friday, reaching $10.495. The company’s stock had a trading volume of 757,542 shares. The company’s market capitalization is $1.61 billion. Superior Energy Services, Inc. has a 52 week low of $7.91 and a 52 week high of $19.39. The company has a 50 day moving average price of $9.78 and a 200-day moving average price of $10.83.

Superior Energy Services (NYSE:SPN) last announced its quarterly earnings data on Tuesday, July 25th. The oil and gas company reported ($0.41) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.48) by $0.07. The business had revenue of $470.07 million during the quarter, compared to the consensus estimate of $465.75 million. Superior Energy Services had a negative return on equity of 28.82% and a negative net margin of 31.24%. The business’s revenue for the quarter was up 31.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($3.09) earnings per share. Equities research analysts anticipate that Superior Energy Services, Inc. will post ($1.59) earnings per share for the current year.

About Superior Energy Services

Institutional Ownership by Quarter for Superior Energy Services (NYSE:SPN)

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