Cowen set a $14.00 price target on Superior Energy Services (NYSE:SPN) in a report published on Thursday, January 11th. The firm currently has a buy rating on the oil and gas company’s stock.
SPN has been the subject of a number of other reports. Royal Bank of Canada set a $10.00 price objective on shares of Superior Energy Services and gave the stock a hold rating in a report on Thursday, December 21st. ValuEngine downgraded shares of Superior Energy Services from a sell rating to a strong sell rating in a report on Sunday, December 31st. Jefferies Group set a $13.00 price objective on shares of Superior Energy Services and gave the stock a hold rating in a report on Thursday, October 5th. Deutsche Bank began coverage on shares of Superior Energy Services in a research report on Tuesday, October 10th. They issued a buy rating and a $15.00 target price on the stock. Finally, Scotiabank reiterated a buy rating on shares of Superior Energy Services in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $12.78.
Superior Energy Services (NYSE:SPN) traded up $0.04 during trading on Thursday, reaching $10.82. 3,159,500 shares of the company were exchanged, compared to its average volume of 4,319,500. Superior Energy Services has a fifty-two week low of $7.66 and a fifty-two week high of $18.81. The stock has a market cap of $1,730.00, a price-to-earnings 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 released 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). Superior Energy Services had a negative net margin of 24.59% and a negative return on equity of 26.18%. The business had revenue of $506.00 million during the quarter, compared to analysts’ expectations of $511.23 million. During the same quarter in the prior year, the firm posted ($0.73) earnings per share. The firm’s quarterly revenue was up 55.1% on a year-over-year basis. equities research analysts anticipate that Superior Energy Services will post -1.64 earnings per share for the current fiscal year.
In other Superior Energy Services news, Director Peter D. Kinnear acquired 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 completion of the purchase, the director now directly owns 64,607 shares of the company’s stock, valued at approximately $550,451.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.49% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Phoenix Investment Adviser LLC bought a new position in shares of Superior Energy Services in the fourth quarter worth approximately $607,000. Oakbrook Investments LLC bought a new position in Superior Energy Services during the fourth quarter valued at approximately $108,000. Fox Run Management L.L.C. lifted its position in Superior Energy Services by 36.3% during the fourth quarter. Fox Run Management L.L.C. now owns 57,250 shares of the oil and gas company’s stock valued at $551,000 after purchasing an additional 15,250 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Superior Energy Services by 7.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 994,043 shares of the oil and gas company’s stock valued at $9,573,000 after purchasing an additional 67,058 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its position in Superior Energy Services by 65.4% during the third 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 purchasing an additional 82,700 shares during the period.
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Superior Energy Services Company Profile
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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