MANA Advisors LLC acquired a new position in shares of Superior Energy Services, Inc. (NYSE:SPN) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 15,900 shares of the oil and gas company’s stock, valued at approximately $154,000.
Several other institutional investors and hedge funds have also recently modified their holdings of SPN. Oakbrook Investments LLC purchased a new stake in Superior Energy Services during the 4th quarter valued at $108,000. Crossmark Global Holdings Inc. purchased a new stake in Superior Energy Services during the 3rd quarter valued at $126,000. Cerebellum GP LLC purchased a new stake in Superior Energy Services during the 4th quarter valued at $127,000. PEAK6 Investments L.P. raised its holdings in Superior Energy Services by 149.0% during the 3rd quarter. PEAK6 Investments L.P. now owns 12,704 shares of the oil and gas company’s stock valued at $136,000 after buying an additional 38,640 shares during the period. Finally, Jane Street Group LLC purchased a new stake in Superior Energy Services during the 3rd quarter valued at $217,000.
Shares of Superior Energy Services, Inc. (NYSE:SPN) opened at $9.97 on Thursday. The company has a quick ratio of 1.67, a current ratio of 2.03 and a debt-to-equity ratio of 1.13. Superior Energy Services, Inc. has a 52 week low of $7.66 and a 52 week high of $15.25.
Superior Energy Services (NYSE:SPN) last released its earnings results 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). Superior Energy Services had a negative return on equity of 21.92% and a negative net margin of 10.99%. The business had revenue of $497.00 million during the quarter, compared to analysts’ expectations of $509.27 million. During the same quarter in the previous year, the business earned ($0.74) EPS. The business’s revenue for the quarter was up 40.2% on a year-over-year basis. equities research analysts anticipate that Superior Energy Services, Inc. will post -0.82 EPS for the current year.
SPN has been the topic of several recent research reports. Zacks Investment Research lowered Superior Energy Services from a “buy” rating to a “hold” rating in a 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 restated a “sector perform” rating on shares of Superior Energy Services in a report on Friday, January 12th. Finally, Royal Bank of Canada set a $10.00 price target on Superior Energy Services and gave the company a “hold” rating in a report on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.91.
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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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