ValuEngine lowered shares of Superior Energy Services (NYSE:SPN) from a sell rating to a strong sell rating in a report released on Sunday, December 31st.
A number of other equities analysts have also recently issued reports on SPN. Wells Fargo & Co cut Superior Energy Services from an outperform rating to a market perform rating in a report on Monday, October 16th. Piper Jaffray Companies restated a buy rating on shares of Superior Energy Services in a report on Tuesday, September 26th. Cowen set a $14.00 target price on Superior Energy Services and gave the stock a buy rating in a report on Friday, October 6th. Jefferies Group reiterated a hold rating and set a $11.00 price objective on shares of Superior Energy Services in a report on Monday, October 16th. Finally, Barclays set a $10.00 price objective on Superior Energy Services and gave the company a hold rating in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have issued a buy rating to the stock. Superior Energy Services currently has an average rating of Hold and an average target price of $12.61.
Shares of Superior Energy Services (NYSE SPN) traded down $0.20 during trading hours on Friday, hitting $11.14. The stock had a trading volume of 4,472,600 shares, compared to its average volume of 3,607,057. Superior Energy Services has a 52 week low of $7.66 and a 52 week high of $18.87. The firm has a market capitalization of $1,740.00, a price-to-earnings ratio of -4.53 and a beta of 2.16. 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 announced its quarterly earnings data on Monday, October 23rd. The oil and gas company reported ($0.33) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.32) by ($0.01). The firm had revenue of $506.00 million during the quarter, compared to analyst estimates of $511.23 million. Superior Energy Services had a negative return on equity of 26.18% and a negative net margin of 24.59%. Superior Energy Services’s revenue for the quarter was up 55.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.73) earnings per share. analysts predict that Superior Energy Services will post -1.63 EPS for the current fiscal year.
In related news, Director Peter D. Kinnear purchased 20,000 shares of the stock in a transaction on Monday, October 30th. The shares were purchased at an average price of $8.52 per share, with a total value of $170,400.00. Following the transaction, the director now directly owns 64,607 shares of the company’s stock, valued at $550,451.64. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 3.49% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of SPN. Schwab Charles Investment Management Inc. increased its position in shares of Superior Energy Services by 40.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 771,614 shares of the oil and gas company’s stock worth $8,048,000 after purchasing an additional 221,799 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Superior Energy Services by 1.3% during the 2nd quarter. Arizona State Retirement System now owns 64,400 shares of the oil and gas company’s stock worth $672,000 after acquiring an additional 800 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Superior Energy Services by 14.6% during the 2nd 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 last quarter. Comerica Bank increased its holdings in shares of Superior Energy Services by 0.8% during the 2nd quarter. Comerica Bank now owns 130,803 shares of the oil and gas company’s stock worth $1,366,000 after acquiring an additional 992 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Superior Energy Services by 96.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 86,641 shares of the oil and gas company’s stock worth $904,000 after acquiring an additional 42,596 shares during the last quarter.
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About Superior Energy Services
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