Superior Energy Services (SPN) Research Coverage Started at Stephens

Stephens began coverage on shares of Superior Energy Services (NYSE:SPN) in a report published on Tuesday morning, MarketBeat reports. The firm issued an equal weight rating and a $12.00 target price on the oil and gas company’s stock.

SPN has been the subject of a number of other reports. Deutsche Bank assumed coverage on Superior Energy Services in a report on Tuesday, October 10th. They set a buy rating and a $15.00 price target for the company. Zacks Investment Research upgraded Superior Energy Services from a hold rating to a buy rating and set a $11.00 target price for the company in a research note on Tuesday, January 2nd. Susquehanna Bancshares upgraded Superior Energy Services from a neutral rating to a positive rating and raised their target price for the company from $9.00 to $15.00 in a research note on Friday, January 5th. SunTrust Banks upgraded Superior Energy Services from a hold rating to a buy rating and set a $20.00 target price for the company in a research note on Monday, November 20th. Finally, Barclays set a $10.00 target price on Superior Energy Services and gave the company a hold rating in a research note on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the company’s stock. Superior Energy Services has an average rating of Hold and an average price target of $12.72.

Shares of Superior Energy Services (NYSE SPN) traded up $0.26 during trading on Tuesday, reaching $11.31. The company’s stock had a trading volume of 5,007,867 shares, compared to its average volume of 4,231,378. 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 has a 52-week low of $7.66 and a 52-week high of $18.81. The firm has a market cap of $1,690.00, a P/E ratio of -4.60 and a beta of 2.16.

Superior Energy Services (NYSE:SPN) last issued its quarterly earnings results on Monday, October 23rd. The oil and gas company reported ($0.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.32) by ($0.01). Superior Energy Services had a negative return on equity of 26.18% and a negative net margin of 24.59%. The business had revenue of $506.00 million for the quarter, compared to analyst estimates of $511.23 million. During the same quarter in the previous year, the business posted ($0.73) earnings per share. The business’s revenue was up 55.1% on a year-over-year basis. analysts forecast that Superior Energy Services will post -1.63 earnings per share for the current fiscal year.

In other Superior Energy Services news, Director Peter D. Kinnear purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were acquired at an average price of $8.52 per share, with a total value of $170,400.00. Following the transaction, the director now owns 64,607 shares in the company, valued at $550,451.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.49% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio lifted its position in Superior Energy Services by 65.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 209,228 shares of the oil and gas company’s stock valued at $2,235,000 after acquiring an additional 82,700 shares in the last quarter. GSA Capital Partners LLP lifted its position in Superior Energy Services by 52.1% in the 3rd quarter. GSA Capital Partners LLP now owns 24,381 shares of the oil and gas company’s stock valued at $260,000 after acquiring an additional 8,348 shares in the last quarter. Algert Global LLC bought a new position in Superior Energy Services in the 3rd quarter valued at about $1,911,000. GeoSphere Capital Management bought a new position in Superior Energy Services in the 3rd quarter valued at about $1,497,000. Finally, California Public Employees Retirement System lifted its position in Superior Energy Services by 7.9% in the 3rd quarter. California Public Employees Retirement System now owns 568,777 shares of the oil and gas company’s stock valued at $6,075,000 after acquiring an additional 41,677 shares in the last quarter.

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