Rhumbline Advisers Has $3.70 Million Holdings in Superior Energy Services, Inc. (SPN)

Rhumbline Advisers grew its holdings in Superior Energy Services, Inc. (NYSE:SPN) by 7.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 346,199 shares of the oil and gas company’s stock after purchasing an additional 23,642 shares during the period. Rhumbline Advisers owned approximately 0.23% of Superior Energy Services worth $3,697,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Contrarius Investment Management Ltd bought a new position in shares of Superior Energy Services in the 2nd quarter valued at $3,279,000. Shell Asset Management Co. bought a new position in shares of Superior Energy Services in the 3rd quarter valued at $3,317,000. Pzena Investment Management LLC increased its stake in shares of Superior Energy Services by 1.2% in the 2nd 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 last quarter. Mitchell Group Inc. increased its stake in shares of Superior Energy Services by 17.7% in the 2nd 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 last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Superior Energy Services by 43.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,431,065 shares of the oil and gas company’s stock valued at $35,786,000 after purchasing an additional 1,046,072 shares during the last quarter.

Several brokerages have recently issued reports on SPN. Piper Jaffray Companies set a $12.00 price target on Superior Energy Services and gave the company a “buy” rating in a research note on Wednesday, August 16th. BidaskClub lowered Superior Energy Services from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Wells Fargo & Company lowered Superior Energy Services from an “outperform” rating to a “market perform” rating in a research note on Monday, October 16th. Royal Bank Of Canada set a $12.00 price target on Superior Energy Services and gave the company a “hold” rating in a research note on Wednesday, October 25th. Finally, Cowen set a $12.00 price target on Superior Energy Services and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $13.82.

In related news, Director Peter D. Kinnear bought 20,000 shares of the business’s stock in a transaction on Monday, October 30th. The shares were purchased at an average cost of $8.52 per share, with a total value of $170,400.00. Following the acquisition, the director now owns 64,607 shares of the company’s stock, valued at $550,451.64. The purchase was disclosed in a filing with the SEC, which is available through this link. 2.91% of the stock is currently owned by insiders.

Shares of Superior Energy Services, Inc. (SPN) traded down $0.54 during mid-day trading on Thursday, reaching $9.06. The company had a trading volume of 3,329,000 shares, compared to its average volume of 3,998,337. Superior Energy Services, Inc. has a twelve month low of $7.66 and a twelve month high of $19.28. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.64 and a current ratio of 1.99.

Superior Energy Services (NYSE:SPN) last issued its quarterly earnings data 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). The firm had revenue of $506.00 million for the quarter, compared to the consensus estimate of $511.23 million. Superior Energy Services had a negative return on equity of 26.18% and a negative net margin of 24.59%. The company’s revenue was up 55.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.73) EPS. equities research analysts expect that Superior Energy Services, Inc. will post -1.64 EPS for the current fiscal year.

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Superior Energy Services Company Profile

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

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