Superior Energy Services, Inc. (NYSE:SPN) – Research analysts at Seaport Global Securities reduced their Q1 2018 earnings estimates for Superior Energy Services in a research note issued to investors on Wednesday. Seaport Global Securities analyst M. Urban now forecasts that the oil and gas company will earn ($0.32) per share for the quarter, down from their previous forecast of ($0.29). Seaport Global Securities currently has a “Buy” rating and a $14.00 target price on the stock. Seaport Global Securities also issued estimates for Superior Energy Services’ Q2 2018 earnings at ($0.22) EPS, Q3 2018 earnings at ($0.16) EPS, Q4 2018 earnings at ($0.16) EPS, FY2018 earnings at ($0.86) EPS, Q1 2019 earnings at ($0.20) EPS, Q2 2019 earnings at ($0.11) EPS, Q3 2019 earnings at ($0.02) EPS, Q4 2019 earnings at ($0.02) EPS and FY2019 earnings at ($0.35) EPS.
Superior Energy Services (NYSE:SPN) last posted its quarterly earnings data on Monday, February 19th. The oil and gas company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.01). The firm had revenue of $497.00 million during the quarter, compared to analysts’ expectations of $509.27 million. Superior Energy Services had a negative net margin of 10.99% and a negative return on equity of 21.92%. The business’s quarterly revenue was up 40.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.74) earnings per share.
SPN has been the subject of a number of other reports. Howard Weil cut shares of Superior Energy Services from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, January 12th. Zacks Investment Research raised shares of Superior Energy Services from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Tuesday, January 2nd. Susquehanna Bancshares raised shares of Superior Energy Services from a “neutral” rating to a “positive” rating and increased their price target for the stock from $9.00 to $15.00 in a research report on Friday, January 5th. SunTrust Banks raised shares of Superior Energy Services from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Monday, November 20th. Finally, Stephens started coverage on shares of Superior Energy Services in a research report on Tuesday, January 9th. They set an “equal weight” rating and a $12.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $13.00.
Superior Energy Services (SPN) opened at $9.14 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.03 and a quick ratio of 1.64. Superior Energy Services has a 12-month low of $7.66 and a 12-month high of $17.35.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPN. Jump Trading LLC acquired a new stake in Superior Energy Services during the fourth quarter worth about $104,000. Summit Financial Wealth Advisors LLC acquired a new stake in Superior Energy Services during the third quarter worth about $107,000. Oakbrook Investments LLC acquired a new stake in Superior Energy Services during the fourth quarter worth about $108,000. Crossmark Global Holdings Inc. acquired a new stake in Superior Energy Services during the third quarter worth about $126,000. Finally, Cerebellum GP LLC acquired a new stake in Superior Energy Services during the fourth quarter worth about $127,000. Hedge funds and other institutional investors own 98.98% of the company’s stock.
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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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