Superior Energy Services, Inc. Expected to Post Q1 2018 Earnings of ($0.18) Per Share (SPN)

Superior Energy Services, Inc. (NYSE:SPN) – Research analysts at Jefferies Group issued their Q1 2018 EPS estimates for Superior Energy Services in a note issued to investors on Monday. Jefferies Group analyst B. Handler forecasts that the oil and gas company will post earnings per share of ($0.18) for the quarter. Jefferies Group currently has a “Hold” rating and a $11.00 price target on the stock. Jefferies Group also issued estimates for Superior Energy Services’ Q2 2018 earnings at ($0.15) EPS, Q3 2018 earnings at ($0.11) EPS, Q4 2018 earnings at ($0.06) EPS and FY2020 earnings at $1.25 EPS.

Superior Energy Services (NYSE:SPN) last issued its quarterly earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.48) by $0.07. Superior Energy Services had a negative net margin of 31.24% and a negative return on equity of 28.82%. The firm had revenue of $470.07 million for the quarter, compared to analysts’ expectations of $465.75 million. During the same period in the previous year, the business earned ($3.09) earnings per share. Superior Energy Services’s revenue for the quarter was up 31.9% compared to the same quarter last year.

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Several other equities analysts have also weighed in on SPN. Wells Fargo & Company lowered shares of Superior Energy Services from an “outperform” rating to a “market perform” rating in a report on Monday. Royal Bank Of Canada set a $20.00 price target on shares of Superior Energy Services and gave the company a “hold” rating in a research note on Saturday, June 24th. BMO Capital Markets reissued a “hold” rating and issued a $10.00 price target on shares of Superior Energy Services in a research note on Friday. Cowen and Company set a $14.00 price target on shares of Superior Energy Services and gave the company a “buy” rating in a research note on Friday, October 6th. Finally, BidaskClub downgraded shares of Superior Energy Services from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $15.72.

Shares of Superior Energy Services (SPN) traded down 1.69% during midday trading on Tuesday, reaching $9.87. 280,323 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $9.89 and its 200 day moving average price is $10.77. The firm’s market capitalization is $1.51 billion. Superior Energy Services has a 52-week low of $7.91 and a 52-week high of $19.39.

Several large investors have recently made changes to their positions in SPN. BlackRock Inc. increased its position in shares of Superior Energy Services by 10,301.4% in the 1st quarter. BlackRock Inc. now owns 23,424,814 shares of the oil and gas company’s stock valued at $334,036,000 after purchasing an additional 23,199,606 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of Superior Energy Services by 221.9% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 4,285,600 shares of the oil and gas company’s stock valued at $44,699,000 after purchasing an additional 2,954,100 shares during the last quarter. Balyasny Asset Management LLC increased its position in shares of Superior Energy Services by 535.0% in the 2nd quarter. Balyasny Asset Management LLC now owns 3,008,663 shares of the oil and gas company’s stock valued at $31,380,000 after purchasing an additional 2,534,833 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Superior Energy Services by 33.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,272,972 shares of the oil and gas company’s stock valued at $86,287,000 after purchasing an additional 2,095,988 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Superior Energy Services by 20.7% in the 2nd quarter. Victory Capital Management Inc. now owns 11,290,645 shares of the oil and gas company’s stock valued at $117,761,000 after purchasing an additional 1,933,360 shares during the last quarter.

Superior Energy Services Company Profile

Earnings History and Estimates for Superior Energy Services (NYSE:SPN)

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