News coverage about Superior Energy Services (NYSE:SPN) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Superior Energy Services earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the oil and gas company an impact score of 45.9768399821488 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Superior Energy Services (SPN) Given a $10.00 Price Target at Jefferies Group (americanbankingnews.com)
- Stocks that deserve a closer look under the hood: Superior Energy Services, Inc. (SPN), IAMGOLD Corporation (IAG) – Market Movers (financialqz.com)
- Superior Energy Services, Inc. (NYSE:SPN) – Stock’s Liquidity in Focus – Nasdaq Journal (press release) (nasdaqjournal.com)
- Superior Energy Services (SPN) Shares Cross Above 200 DMA – Nasdaq (nasdaq.com)
- Analyzing Superior Energy Services (SPN) and Archrock (AROC) (americanbankingnews.com)
Several brokerages recently issued reports on SPN. Jefferies Group set a $10.00 price target on shares of Superior Energy Services and gave the stock a “hold” rating in a research note on Thursday. Piper Jaffray Companies reiterated a “buy” rating on shares of Superior Energy Services in a research note on Tuesday, September 26th. Deutsche Bank began coverage on shares of Superior Energy Services in a research note on Tuesday, October 10th. They issued a “buy” rating and a $15.00 price target for the company. BMO Capital Markets reiterated a “hold” rating and issued a $10.00 price target on shares of Superior Energy Services in a research note on Friday, October 13th. Finally, Wells Fargo & Co lowered shares of Superior Energy Services from an “outperform” rating to a “market perform” rating in a research note on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. Superior Energy Services currently has an average rating of “Hold” and a consensus price target of $12.50.
Superior Energy Services (NYSE:SPN) last announced its quarterly earnings results on Monday, October 23rd. The oil and gas company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.01). The company had revenue of $506.00 million for the quarter, compared to analysts’ expectations of $511.23 million. Superior Energy Services had a negative net margin of 24.59% and a negative return on equity of 26.18%. The business’s revenue was up 55.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.73) EPS. sell-side analysts forecast that Superior Energy Services will post -1.63 earnings per share for the current year.
In other Superior Energy Services news, Director Peter D. Kinnear acquired 20,000 shares of the stock in a transaction dated Monday, October 30th. The shares were purchased at an average price of $8.52 per share, for a total transaction of $170,400.00. Following the purchase, the director now directly owns 64,607 shares of the company’s stock, valued at $550,451.64. The acquisition was disclosed in a filing with the SEC, which is available at this link. 2.91% of the stock is owned by corporate insiders.
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