Superior Energy Services, Inc. (NYSE:SPN) has been given a $10.00 price objective by equities researchers at Barclays PLC in a research note issued to investors on Wednesday, October 25th. The firm presently has a “hold” rating on the oil and gas company’s stock. Barclays PLC’s price objective indicates a potential upside of 5.82% from the stock’s current price.
Several other research firms have also recently issued reports on SPN. Wells Fargo & Company cut Superior Energy Services from an “outperform” rating to a “market perform” rating in a research note on Monday, October 16th. BidaskClub cut Superior Energy Services from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Jefferies Group LLC reaffirmed a “hold” rating and set a $14.00 price objective on shares of Superior Energy Services in a research report on Friday, July 14th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Superior Energy Services in a research report on Tuesday, September 26th. Finally, Cowen and Company set a $12.00 price objective on Superior Energy Services and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $13.82.
Superior Energy Services (NYSE:SPN) traded down $0.16 during trading on Wednesday, hitting $9.45. The stock had a trading volume of 2,115,100 shares, compared to its average volume of 4,090,100. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.99 and a quick ratio of 1.64. Superior Energy Services has a 52-week low of $7.66 and a 52-week high of $19.28.
Superior Energy Services (NYSE:SPN) last released its quarterly earnings results on Monday, October 23rd. The oil and gas company reported ($0.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.32) by ($0.01). The firm 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 company’s revenue for the quarter was up 55.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.73) EPS. analysts anticipate that Superior Energy Services will post -1.63 EPS for the current fiscal year.
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In other news, Director Peter D. Kinnear acquired 20,000 shares of Superior Energy Services stock in a transaction that occurred on Monday, October 30th. The shares were bought at an average cost of $8.52 per share, with a total value of $170,400.00. Following the transaction, the director now directly owns 64,607 shares of the company’s stock, valued at approximately $550,451.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.91% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Contrarius Investment Management Ltd bought a new position in Superior Energy Services in the 2nd quarter worth about $3,279,000. Shell Asset Management Co. bought a new position in Superior Energy Services in the 3rd quarter worth about $3,317,000. Pzena Investment Management LLC grew its stake in Superior Energy Services by 1.2% in the 2nd quarter. Pzena Investment Management LLC now owns 3,998,348 shares of the oil and gas company’s stock worth $41,703,000 after acquiring an additional 48,531 shares in the last quarter. Mitchell Group Inc. grew its stake in Superior Energy Services by 17.7% in the 2nd quarter. Mitchell Group Inc. now owns 2,534,080 shares of the oil and gas company’s stock worth $26,430,000 after acquiring an additional 381,150 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Superior Energy Services by 14.6% in the 2nd quarter. Rhumbline Advisers now owns 322,557 shares of the oil and gas company’s stock worth $3,364,000 after acquiring an additional 41,064 shares in the last quarter.
Superior Energy Services Company Profile
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