Superior Energy Services, Inc. (SPN) Shares Bought by Aperio Group LLC

Aperio Group LLC boosted its stake in shares of Superior Energy Services, Inc. (NYSE:SPN) by 31.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 116,701 shares of the oil and gas company’s stock after purchasing an additional 27,839 shares during the period. Aperio Group LLC owned about 0.08% of Superior Energy Services worth $1,246,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Contrarius Investment Management Ltd bought a new position in Superior Energy Services during the second quarter valued at approximately $3,279,000. Shell Asset Management Co. bought a new position in Superior Energy Services during the third quarter valued at approximately $3,317,000. Pzena Investment Management LLC lifted its position in Superior Energy Services by 1.2% during the second quarter. Pzena Investment Management LLC now owns 3,998,348 shares of the oil and gas company’s stock valued at $41,703,000 after purchasing an additional 48,531 shares during the period. Mitchell Group Inc. lifted its position in Superior Energy Services by 17.7% during the second quarter. Mitchell Group Inc. now owns 2,534,080 shares of the oil and gas company’s stock valued at $26,430,000 after purchasing an additional 381,150 shares during the period. Finally, Rhumbline Advisers raised its position in Superior Energy Services by 14.6% in the second 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 during the period.

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Superior Energy Services, Inc. (NYSE:SPN) opened at $8.95 on Friday. Superior Energy Services, Inc. has a 52 week low of $7.66 and a 52 week high of $19.28. The company has a quick ratio of 1.64, a current ratio of 1.99 and a debt-to-equity ratio of 1.15.

Superior Energy Services (NYSE:SPN) last posted its earnings results on Monday, October 23rd. 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). The company 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 11.30% and a negative return on equity of 20.14%. The business’s revenue was up 55.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.73) earnings per share. research analysts expect that Superior Energy Services, Inc. will post -1.63 earnings per share for the current fiscal year.

Several research analysts have weighed in on SPN shares. ValuEngine downgraded shares of Superior Energy Services from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Deutsche Bank AG reiterated a “buy” rating and issued a $15.00 price target (down from $22.00) on shares of Superior Energy Services in a research report on Thursday, July 27th. Barclays PLC set a $12.00 price target on shares of Superior Energy Services and gave the stock a “hold” rating in a research report on Wednesday, July 26th. Seaport Global Securities reiterated a “neutral” rating on shares of Superior Energy Services in a research report on Wednesday, July 26th. Finally, Scotiabank set a $22.00 price target on shares of Superior Energy Services and gave the stock a “buy” rating in a research report on Thursday, July 27th. Two equities research 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. Superior Energy Services currently has an average rating of “Hold” and a consensus price target of $13.82.

In related news, Director Peter D. Kinnear bought 20,000 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was bought at an average cost of $8.52 per share, with a total value of $170,400.00. Following the completion of the purchase, the director now owns 64,607 shares of the company’s stock, valued at approximately $550,451.64. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.91% of the company’s stock.

About Superior Energy Services

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

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