Superior Energy Services (NYSE:SPN) was upgraded by equities researchers at Seaport Global Securities from a “neutral” rating to a “buy” rating in a research note issued on Wednesday, The Fly reports.
Several other research firms have also commented on SPN. Zacks Investment Research lowered Superior Energy Services from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. UBS Group upgraded Superior Energy Services from a “neutral” rating to a “positive” rating in a report on Friday, January 5th. ValuEngine lowered Superior Energy Services from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Scotia Howard Weill reiterated a “sector perform” rating on shares of Superior Energy Services in a report on Friday, January 12th. Finally, Loop Capital set a $13.00 target price on Superior Energy Services and gave the company a “buy” rating in a report 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 issued a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $12.63.
Shares of Superior Energy Services (NYSE:SPN) opened at $9.37 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.64 and a current ratio of 1.99. The stock has a market capitalization of $1,363.97, a price-to-earnings ratio of -3.33 and a beta of 2.05. Superior Energy Services has a one year low of $7.66 and a one year high of $17.60.
Superior Energy Services (NYSE:SPN) last released its quarterly earnings results on Monday, February 19th. The oil and gas company reported ($0.33) EPS for the quarter, missing the 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 firm had revenue of $497.00 million for the quarter, compared to analysts’ expectations of $509.27 million. During the same quarter in the prior year, the business earned ($0.74) earnings per share. The company’s quarterly revenue was up 40.2% on a year-over-year basis. equities analysts expect that Superior Energy Services will post -1.64 EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in SPN. Jump Trading LLC purchased a new stake in Superior Energy Services during the 4th quarter worth about $104,000. Summit Financial Wealth Advisors LLC purchased a new stake in Superior Energy Services during the 3rd quarter worth about $107,000. Oakbrook Investments LLC purchased a new stake in Superior Energy Services during the 4th quarter worth about $108,000. Nomura Holdings Inc. acquired a new stake in shares of Superior Energy Services during the second quarter worth about $116,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Superior Energy Services during the third quarter worth about $126,000. 98.98% of the stock is owned by institutional investors.
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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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