MANA Advisors LLC acquired a new position in Superior Energy Services, Inc. (NYSE:SPN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 15,900 shares of the oil and gas company’s stock, valued at approximately $154,000.
Other hedge funds have also recently modified their holdings of the company. Nationwide Fund Advisors lifted its stake in shares of Superior Energy Services by 6.9% during the 3rd quarter. Nationwide Fund Advisors now owns 446,255 shares of the oil and gas company’s stock valued at $4,766,000 after buying an additional 28,970 shares in the last quarter. Aperio Group LLC lifted its stake in Superior Energy Services by 31.3% in the 3rd quarter. Aperio Group LLC now owns 116,701 shares of the oil and gas company’s stock worth $1,246,000 after purchasing an additional 27,839 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Superior Energy Services in the 3rd quarter worth approximately $126,000. Canada Pension Plan Investment Board lifted its stake in Superior Energy Services by 7.1% in the 3rd quarter. Canada Pension Plan Investment Board now owns 216,700 shares of the oil and gas company’s stock worth $2,314,000 after purchasing an additional 14,300 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Superior Energy Services by 1,192.4% during the 3rd quarter. Prudential Financial Inc. now owns 1,326,733 shares of the oil and gas company’s stock valued at $14,170,000 after buying an additional 1,224,080 shares in the last quarter.
Several analysts have recently weighed in on SPN shares. Royal Bank of Canada set a $10.00 price objective on shares of Superior Energy Services and gave the company a “hold” rating in a research report on Thursday, December 21st. ValuEngine lowered shares of Superior Energy Services from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. Credit Suisse Group raised their price target on shares of Superior Energy Services from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Wednesday, February 21st. Scotiabank lowered shares of Superior Energy Services to a “hold” rating in a report on Thursday, January 11th. Finally, 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. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $12.86.
SPN stock opened at $8.45 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.67 and a debt-to-equity ratio of 1.13. The firm has a market cap of $1,250.85, a price-to-earnings ratio of -5.12 and a beta of 2.10. Superior Energy Services, Inc. has a twelve month low of $7.66 and a twelve month high of $15.25.
Superior Energy Services (NYSE:SPN) last posted its quarterly earnings results on Monday, February 19th. The oil and gas company reported ($0.33) EPS for the quarter, missing the Zacks’ consensus estimate 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 company had revenue of $497.00 million during the quarter, compared to the consensus estimate of $509.27 million. During the same quarter in the previous year, the company posted ($0.74) earnings per share. The company’s revenue for the quarter was up 40.2% on a year-over-year basis. analysts anticipate that Superior Energy Services, Inc. will post -0.81 EPS for the current fiscal year.
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Superior Energy Services 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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