Superior Energy Services, Inc. (NYSE:SPN) has been given an average rating of “Hold” by the twenty-two research firms that are presently covering the stock, MarketBeat.com reports. 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. The average 12-month price objective among brokers that have covered the stock in the last year is $13.62.
A number of analysts have recently weighed in on the stock. Deutsche Bank AG assumed coverage on shares of Superior Energy Services in a report on Tuesday, October 10th. They issued a “buy” rating and a $15.00 price target on the stock. BidaskClub upgraded shares of Superior Energy Services from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Loop Capital restated a “buy” rating on shares of Superior Energy Services in a report on Monday, July 3rd. Barclays PLC set a $10.00 price target on shares of Superior Energy Services and gave the company a “hold” rating in a report on Wednesday. Finally, Cowen and Company set a $12.00 price target on shares of Superior Energy Services and gave the company an “outperform” rating in a report on Wednesday.
Superior Energy Services (NYSE:SPN) traded up 5.07% during mid-day trading on Friday, hitting $8.29. The stock had a trading volume of 6,085,871 shares. The company’s market capitalization is $1.27 billion. The stock’s 50-day moving average is $9.91 and its 200 day moving average is $10.48. Superior Energy Services has a 52 week low of $7.72 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 analysts’ consensus estimates of ($0.32) by ($0.01). Superior Energy Services had a negative net margin of 24.59% and a negative return on equity of 26.18%. The firm had revenue of $506.00 million during the quarter, compared to the consensus estimate of $511.23 million. During the same quarter in the prior year, the business posted ($0.73) earnings per share. The firm’s quarterly revenue was up 55.1% on a year-over-year basis. Equities analysts forecast that Superior Energy Services will post ($1.60) earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Suntrust Banks Inc. purchased a new position in Superior Energy Services during the 2nd quarter worth approximately $108,000. Washington Trust Bank raised its position in Superior Energy Services by 10.1% during the 2nd quarter. Washington Trust Bank now owns 10,800 shares of the oil and gas company’s stock worth $113,000 after buying an additional 990 shares during the last quarter. Nomura Holdings Inc. purchased a new position in Superior Energy Services during the 2nd quarter worth approximately $116,000. Oakbrook Investments LLC purchased a new position in Superior Energy Services during the 2nd quarter worth approximately $118,000. Finally, Endurance Wealth Management Inc. raised its position in Superior Energy Services by 4.9% during the 2nd quarter. Endurance Wealth Management Inc. now owns 11,565 shares of the oil and gas company’s stock worth $121,000 after buying an additional 539 shares during the last quarter.
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About Superior Energy Services
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