Superior Energy Services, Inc. (SPN) Shares Bought by Flinton Capital Management LLC

Flinton Capital Management LLC boosted its stake in Superior Energy Services, Inc. (NYSE:SPN) by 36.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 23,576 shares of the oil and gas company’s stock after acquiring an additional 6,328 shares during the quarter. Flinton Capital Management LLC’s holdings in Superior Energy Services were worth $227,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in SPN. Nationwide Fund Advisors grew its stake in Superior Energy Services by 6.9% in the 3rd 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 during the period. Crossmark Global Holdings Inc. acquired a new stake in Superior Energy Services in the 3rd quarter valued at $126,000. Los Angeles Capital Management & Equity Research Inc. grew its stake in Superior Energy Services by 325.3% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 116,757 shares of the oil and gas company’s stock valued at $1,247,000 after acquiring an additional 89,306 shares during the period. Rhumbline Advisers grew its stake in Superior Energy Services by 7.3% in the 3rd quarter. Rhumbline Advisers now owns 346,199 shares of the oil and gas company’s stock valued at $3,697,000 after acquiring an additional 23,642 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Superior Energy Services by 43.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,731,504 shares of the oil and gas company’s stock valued at $50,530,000 after acquiring an additional 1,437,552 shares during the period.

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SPN stock opened at $9.14 on Friday. Superior Energy Services, Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $15.25. The company has a current ratio of 2.03, a quick ratio of 1.67 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $1,574.75, a price-to-earnings ratio of -6.77 and a beta of 2.12.

Superior Energy Services (NYSE:SPN) last posted its quarterly earnings results on Monday, February 19th. The oil and gas company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.01). Superior Energy Services had a negative return on equity of 21.92% and a negative net margin of 10.99%. The company had revenue of $497.00 million for the quarter, compared to analysts’ expectations of $509.27 million. During the same quarter in the prior year, the firm earned ($0.74) EPS. The firm’s revenue was up 40.2% on a year-over-year basis. research analysts expect that Superior Energy Services, Inc. will post -0.81 earnings per share for the current year.

A number of equities research analysts recently issued reports on SPN shares. Royal Bank of Canada set a $10.00 price target on shares of Superior Energy Services and gave the company a “hold” rating in a research note on Thursday, December 21st. ValuEngine cut shares of Superior Energy Services from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Jefferies Group set a $10.00 price target on shares of Superior Energy Services and gave the company a “hold” rating in a research note on Thursday, January 4th. Seaport Global Securities raised shares of Superior Energy Services from a “neutral” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Wednesday, February 21st. Finally, Zacks Investment Research raised shares of Superior Energy Services from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the company. Superior Energy Services presently has a consensus rating of “Hold” and a consensus target price of $12.91.

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

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