Quantbot Technologies LP increased its holdings in shares of Superior Energy Services, Inc. (NYSE:SPN) by 811.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 162,169 shares of the oil and gas company’s stock after acquiring an additional 144,384 shares during the quarter. Quantbot Technologies LP owned about 0.11% of Superior Energy Services worth $1,731,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the company. Summit Financial Wealth Advisors LLC purchased a new stake in Superior Energy Services in the third quarter worth $107,000. Suntrust Banks Inc. bought a new stake in shares of Superior Energy Services in the 2nd quarter valued at about $108,000. Washington Trust Bank increased its holdings 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 valued at $113,000 after purchasing an additional 990 shares during the period. Nomura Holdings Inc. purchased a new position in Superior Energy Services during the 2nd quarter valued at about $116,000. Finally, Oakbrook Investments LLC purchased a new position in shares of Superior Energy Services during the 2nd quarter worth approximately $118,000.
In other Superior Energy Services news, Director Peter D. Kinnear bought 20,000 shares of Superior Energy Services stock in a transaction on Monday, October 30th. The shares were bought at an average cost of $8.52 per share, for a total transaction of $170,400.00. Following the acquisition, the director now directly owns 64,607 shares in the company, valued at $550,451.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.49% of the company’s stock.
Shares of Superior Energy Services, Inc. (SPN) traded up $0.19 during midday trading on Monday, reaching $10.18. 2,899,444 shares of the company traded hands, compared to its average volume of 4,007,641. Superior Energy Services, Inc. has a one year low of $7.66 and a one year high of $19.28. 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 (NYSE:SPN) last posted its quarterly earnings results on Monday, October 23rd. The oil and gas company reported ($0.33) earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $511.23 million. During the same period last year, the company earned ($0.73) EPS. The business’s quarterly revenue was up 55.1% on a year-over-year basis. equities analysts forecast that Superior Energy Services, Inc. will post -1.64 earnings per share for the current year.
Several equities analysts recently issued reports on the company. ValuEngine cut Superior Energy Services from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Credit Suisse Group cut their price target on Superior Energy Services from $12.00 to $11.00 and set an “outperform” rating for the company in a research note on Wednesday, October 25th. Royal Bank Of Canada set a $12.00 price objective on Superior Energy Services and gave the company a “hold” rating in a research report on Wednesday, October 25th. Scotiabank reaffirmed a “buy” rating on shares of Superior Energy Services in a report on Friday, October 27th. Finally, Deutsche Bank began coverage on shares of Superior Energy Services in a research note on Tuesday, October 10th. They issued a “buy” rating and a $15.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $13.82.
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About Superior Energy Services
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