Superior Energy Services, Inc. (SPN) Position Reduced by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY lessened its stake in Superior Energy Services, Inc. (NYSE:SPN) by 64.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,437 shares of the oil and gas company’s stock after selling 157,448 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Superior Energy Services were worth $852,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Virtu Financial LLC increased its holdings in Superior Energy Services by 13.0% in the fourth quarter. Virtu Financial LLC now owns 52,421 shares of the oil and gas company’s stock valued at $505,000 after purchasing an additional 6,035 shares during the last quarter. Flinton Capital Management LLC increased its holdings in Superior Energy Services by 36.7% in the fourth quarter. Flinton Capital Management LLC now owns 23,576 shares of the oil and gas company’s stock valued at $227,000 after purchasing an additional 6,328 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Superior Energy Services by 23.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 33,737 shares of the oil and gas company’s stock valued at $325,000 after purchasing an additional 6,421 shares during the last quarter. GSA Capital Partners LLP increased its holdings in Superior Energy Services by 52.1% in the third quarter. GSA Capital Partners LLP now owns 24,381 shares of the oil and gas company’s stock valued at $260,000 after purchasing an additional 8,348 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Superior Energy Services by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,250,454 shares of the oil and gas company’s stock valued at $12,041,000 after purchasing an additional 9,118 shares during the last quarter.

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SPN stock opened at $8.45 on Friday. The company has a quick ratio of 1.67, a current ratio of 2.03 and a debt-to-equity ratio of 1.13. The stock has a market cap of $1,250.85, a PE ratio of -5.12 and a beta of 2.10. Superior Energy Services, Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $15.25.

Superior Energy Services (NYSE:SPN) last posted its quarterly earnings data on Monday, February 19th. The oil and gas company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.01). The firm 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 quarterly revenue was up 40.2% on a year-over-year basis. During the same period in the prior year, the company earned ($0.74) earnings per share. equities research analysts anticipate that Superior Energy Services, Inc. will post -0.81 EPS for the current fiscal year.

SPN has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Superior Energy Services from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. UBS upgraded Superior Energy Services from a “neutral” rating to a “positive” rating in a report on Friday, January 5th. ValuEngine downgraded Superior Energy Services from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Scotia Howard Weill reiterated a “sector perform” rating on shares of Superior Energy Services in a report on Friday, January 12th. Finally, 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. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the company. Superior Energy Services has a consensus rating of “Hold” and a consensus price target of $12.86.

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

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