Superior Energy Services (NYSE:SPN) posted its quarterly earnings results on Monday. The oil and gas company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.01), Yahoo Finance reports. 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 $497.00 million for the quarter, compared to analysts’ expectations of $509.27 million. During the same quarter in the previous year, the company earned ($0.74) earnings per share. The business’s quarterly revenue was up 40.2% on a year-over-year basis.
Superior Energy Services (NYSE:SPN) opened at $9.50 on Tuesday. Superior Energy Services has a one year low of $7.66 and a one year high of $17.60. The company has a market cap of $1,363.97, a PE ratio of -3.17 and a beta of 2.05. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.64 and a current ratio of 1.99.
SPN has been the subject of several analyst reports. Loop Capital set a $13.00 price target on shares of Superior Energy Services and gave the company a “buy” rating in a research report on Wednesday, October 25th. They noted that the move was a valuation call. Cowen set a $12.00 price target on shares of Superior Energy Services and gave the company an “outperform” rating in a research report on Wednesday, October 25th. BMO Capital Markets set a $9.00 price target on shares of Superior Energy Services and gave the company a “hold” rating in a research report on Tuesday, October 24th. Deutsche Bank cut their price target on shares of Superior Energy Services from $15.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, October 25th. Finally, Barclays set a $10.00 price target on shares of Superior Energy Services and gave the company a “hold” rating in a research report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $12.63.
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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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