Retirement Systems of Alabama grew its stake in shares of Superior Energy Services, Inc. (NYSE:SPN) by 9.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 543,795 shares of the oil and gas company’s stock after buying an additional 47,070 shares during the period. Retirement Systems of Alabama owned 0.36% of Superior Energy Services worth $5,808,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Suntrust Banks Inc. purchased a new position in shares of Superior Energy Services during the second quarter worth about $108,000. Washington Trust Bank grew its holdings 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 purchasing an additional 990 shares in the last quarter. Nomura Holdings Inc. purchased a new position in shares of Superior Energy Services during the second quarter worth about $116,000. Oakbrook Investments LLC purchased a new position in shares of Superior Energy Services during the second quarter worth about $118,000. Finally, Endurance Wealth Management Inc. grew its holdings in shares of Superior Energy Services by 4.9% during the second quarter. Endurance Wealth Management Inc. now owns 11,565 shares of the oil and gas company’s stock worth $121,000 after purchasing an additional 539 shares in the last quarter.
In other Superior Energy Services news, Director Peter D. Kinnear bought 20,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was bought at an average price of $8.52 per share, for a total transaction of $170,400.00. Following the completion of the acquisition, the director now directly owns 64,607 shares in the company, valued at $550,451.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.49% of the stock is owned by corporate insiders.
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Superior Energy Services, Inc. (NYSE SPN) opened at $8.81 on Tuesday. 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, Inc. 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) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.01). The business had revenue of $506.00 million for the quarter, compared to the consensus estimate of $511.23 million. Superior Energy Services had a negative net margin of 24.59% and a negative return on equity of 26.18%. Superior Energy Services’s revenue was up 55.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.73) EPS. equities analysts anticipate that Superior Energy Services, Inc. will post -1.63 earnings per share for the current fiscal year.
SPN has been the subject of several recent analyst reports. Piper Jaffray Companies set a $15.00 price objective on Superior Energy Services and gave the stock a “buy” rating in a report on Tuesday, July 25th. Royal Bank Of Canada set a $14.00 price objective on Superior Energy Services and gave the stock a “hold” rating in a report on Wednesday, July 26th. Barclays PLC set a $12.00 price objective on Superior Energy Services and gave the stock a “hold” rating in a report on Wednesday, July 26th. BidaskClub lowered Superior Energy Services from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $15.00 price objective (down previously from $22.00) on shares of Superior Energy Services in a report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.82.
Superior Energy Services Company Profile
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