Superior Energy Services, Inc. (NYSE:SPN) has earned an average rating of “Hold” from the twenty-eight analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $12.43.
A number of analysts recently issued reports on the stock. Deutsche Bank increased their target price on shares of Superior Energy Services from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. UBS raised shares of Superior Energy Services from a “neutral” rating to a “positive” rating in a research report on Friday, January 5th. Scotiabank downgraded shares of Superior Energy Services to a “hold” rating in a research report on Thursday, January 11th. Cowen set a $14.00 target price on shares of Superior Energy Services and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, Stephens assumed coverage on shares of Superior Energy Services in a research report on Tuesday, January 9th. They set an “equal weight” rating and a $12.00 target price for the company.
A number of large investors have recently modified their holdings of SPN. Nationwide Fund Advisors grew its position in Superior Energy Services by 6.9% in the third quarter. Nationwide Fund Advisors now owns 446,255 shares of the oil and gas company’s stock valued at $4,766,000 after acquiring an additional 28,970 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Superior Energy Services during the third quarter worth approximately $126,000. Prudential Financial Inc. grew its position in shares of Superior Energy Services by 1,192.4% during the third quarter. Prudential Financial Inc. now owns 1,326,733 shares of the oil and gas company’s stock worth $14,170,000 after buying an additional 1,224,080 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Superior Energy Services by 246.2% during the third quarter. BNP Paribas Arbitrage SA now owns 299,987 shares of the oil and gas company’s stock worth $3,204,000 after buying an additional 213,346 shares in the last quarter. Finally, Retirement Systems of Alabama grew its position in shares of Superior Energy Services by 9.5% during the third quarter. Retirement Systems of Alabama now owns 543,795 shares of the oil and gas company’s stock worth $5,808,000 after buying an additional 47,070 shares in the last quarter.
Superior Energy Services (NYSE:SPN) last posted its earnings results on Monday, February 19th. The oil and gas company reported ($0.33) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.32) by ($0.01). The business had revenue of $497.00 million for the quarter, compared to analyst estimates of $509.27 million. Superior Energy Services had a negative return on equity of 21.92% and a negative net margin of 10.99%. The firm’s revenue for the quarter was up 40.2% compared to the same quarter last year. During the same period last year, the company posted ($0.74) EPS. analysts expect that Superior Energy Services will post -0.81 EPS for the current year.
About Superior Energy Services
Superior Energy Services, Inc provides a range of services and products to the energy industry related to the exploration, development and production of oil and natural gas. The Company’s segments include Drilling Products and Services, which rents and sells bottom hole assemblies, drill pipe, tubulars and specialized equipment for use with onshore and offshore oil and gas well drilling, production and workover activities; Onshore Completion and Workover Services, which provides pressure pumping services used to complete and stimulate production in new oil and gas wells, fluid handling services and well servicing rigs that provide a range of well completion and maintenance services; Production Services, which provides intervention services, such as coiled tubing, cased hole and mechanical wireline, hydraulic workover and snubbing, and remedial pumping services, and Technical Solutions, which provides services requiring specialized engineering, manufacturing or project planning.
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