BMO Capital Markets reiterated their hold rating on shares of Superior Energy Services (NYSE:SPN) in a report issued on Tuesday. The brokerage currently has a $10.00 target price on the oil and gas company’s stock.
Several other brokerages have also recently issued reports on SPN. Cowen set a $14.00 price objective on Superior Energy Services and gave the company a buy rating in a research note on Friday, October 6th. Zacks Investment Research cut Superior Energy Services from a buy rating to a hold rating in a research note on Saturday, January 6th. UBS Group upgraded Superior Energy Services from a neutral rating to a positive rating in a research note on Friday, January 5th. Scotia Howard Weill restated a sector perform rating on shares of Superior Energy Services in a research note on Friday, January 12th. Finally, Loop Capital set a $13.00 price objective on Superior Energy Services and gave the company a buy rating in a research note on Wednesday, October 25th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $12.78.
Shares of Superior Energy Services (SPN) traded up $0.04 on Tuesday, reaching $10.82. The company had a trading volume of 3,159,536 shares, compared to its average volume of 4,319,500. Superior Energy Services has a 1 year low of $7.66 and a 1 year high of $18.81. The stock has a market capitalization of $1,650.00, a P/E ratio of -4.40 and a beta of 2.16. 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 announced its quarterly earnings data on Monday, October 23rd. The oil and gas company reported ($0.33) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $511.23 million. During the same quarter in the previous year, the company earned ($0.73) EPS. The company’s quarterly revenue was up 55.1% compared to the same quarter last year. sell-side analysts anticipate that Superior Energy Services will post -1.64 earnings per share for the current year.
In related news, Director Peter D. Kinnear purchased 20,000 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were acquired at an average cost of $8.52 per share, for a total transaction of $170,400.00. Following the transaction, the director now 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 accessible through the SEC website. 2.91% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of SPN. Summit Financial Wealth Advisors LLC acquired a new stake in Superior Energy Services in the 3rd quarter valued at approximately $107,000. Suntrust Banks Inc. acquired a new stake in Superior Energy Services in the 2nd quarter valued at approximately $108,000. Oakbrook Investments LLC acquired a new stake in Superior Energy Services in the 4th quarter valued at approximately $108,000. Nomura Holdings Inc. bought a new position in Superior Energy Services during the 2nd quarter valued at $116,000. Finally, Crossmark Global Holdings Inc. bought a new position in Superior Energy Services during the 3rd quarter valued at $126,000.
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About Superior Energy Services
Superior Energy Services, Inc provides a range of services and products to the energy industry related to the exploration, development and production of oil and natural gas. The Company’s segments include Drilling Products and Services, which rents and sells bottom hole assemblies, drill pipe, tubulars and specialized equipment for use with onshore and offshore oil and gas well drilling, production and workover activities; Onshore Completion and Workover Services, which provides pressure pumping services used to complete and stimulate production in new oil and gas wells, fluid handling services and well servicing rigs that provide a range of well completion and maintenance services; Production Services, which provides intervention services, such as coiled tubing, cased hole and mechanical wireline, hydraulic workover and snubbing, and remedial pumping services, and Technical Solutions, which provides services requiring specialized engineering, manufacturing or project planning.
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