Superior Energy Services, Inc. (NYSE:SPN) has been assigned a $13.00 target price by analysts at Loop Capital in a note issued to investors on Wednesday, October 25th. The brokerage presently has a “buy” rating on the oil and gas company’s stock. Loop Capital’s price target points to a potential upside of 37.57% from the stock’s previous close. The analysts noted that the move was a valuation call.
Several other analysts also recently weighed in on the company. Barclays PLC downgraded Superior Energy Services from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $18.00 to $11.00 in a research note on Wednesday, July 12th. ValuEngine cut Superior Energy Services from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Deutsche Bank AG reaffirmed a “buy” rating and set a $15.00 price target (down from $22.00) on shares of Superior Energy Services in a report on Thursday, July 27th. BidaskClub cut Superior Energy Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Superior Energy Services in a research note on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $13.82.
Shares of Superior Energy Services (NYSE:SPN) opened at $9.45 on Wednesday. The company has a current ratio of 1.99, a quick ratio of 1.64 and a debt-to-equity ratio of 1.15. Superior Energy Services has a twelve month low of $7.66 and a twelve month high of $19.28.
Superior Energy Services (NYSE:SPN) last announced its earnings results on Monday, October 23rd. The oil and gas company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.01). Superior Energy Services had a negative return on equity of 26.18% and a negative net margin of 24.59%. The company had revenue of $506.00 million for the quarter, compared to analyst estimates of $511.23 million. During the same period last year, the firm earned ($0.73) earnings per share. The firm’s revenue for the quarter was up 55.1% on a year-over-year basis. equities research 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 bought 20,000 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were purchased at an average price of $8.52 per share, for a total transaction of $170,400.00. Following the completion of the purchase, the director now owns 64,607 shares in the company, valued at approximately $550,451.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.91% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Summit Financial Wealth Advisors LLC purchased a new stake in shares of Superior Energy Services in the third quarter worth $107,000. Suntrust Banks Inc. bought a new position in shares of Superior Energy Services during the second quarter worth $108,000. Washington Trust Bank boosted its position in shares of Superior Energy Services by 10.1% during the second quarter. Washington Trust Bank now owns 10,800 shares of the oil and gas company’s stock worth $113,000 after acquiring an additional 990 shares during the last quarter. Nomura Holdings Inc. bought a new position in shares of Superior Energy Services during the second quarter worth $116,000. Finally, Oakbrook Investments LLC bought a new position in shares of Superior Energy Services during the second quarter worth $118,000.
Superior Energy Services Company Profile
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