Headlines about Superior Energy Services (NYSE:SPN) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Superior Energy Services earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 47.2498547093923 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern’s scoring:
- Superior Energy Services, Inc. (SPN) Unusual Volume Rockers in Focus – Stock News Stop (stockmarketstop.com)
- Superior Energy Services, Inc. (SPN) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Superior Energy Services, Inc., (NYSE: SPN) – Project Future Performance Before Investment – Stock Watch (stocksnewstimes.com)
- Where to look at selling opportunities on Superior Energy Services, Inc. (SPN) – Wall Street Morning (wallstreetmorning.com)
Several equities analysts have recently commented on SPN shares. Royal Bank of Canada set a $10.00 target price on Superior Energy Services and gave the company a “hold” rating in a research note on Thursday, December 21st. ValuEngine cut Superior Energy Services from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded Superior Energy Services from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Tuesday, January 2nd. Jefferies Group set a $10.00 target price on Superior Energy Services and gave the company a “hold” rating in a research note on Thursday, January 4th. Finally, UBS upgraded Superior Energy Services from a “neutral” rating to a “positive” rating in a research note on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $12.91.
Superior Energy Services (NYSE:SPN) last issued its earnings results on Monday, February 19th. The oil and gas company reported ($0.33) earnings per share for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $509.27 million. During the same period in the prior year, the business earned ($0.74) earnings per share. Superior Energy Services’s quarterly revenue was up 40.2% on a year-over-year basis. equities analysts anticipate that Superior Energy Services will post -0.81 EPS for the current fiscal year.
Superior Energy Services Company Profile
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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