Equities research analysts forecast that Superior Energy Services, Inc. (NYSE:SPN) will announce sales of $492.46 million for the current quarter, according to Zacks. Eight analysts have provided estimates for Superior Energy Services’ earnings, with the highest sales estimate coming in at $553.17 million and the lowest estimate coming in at $446.89 million. Superior Energy Services posted sales of $400.94 million during the same quarter last year, which suggests a positive year-over-year growth rate of 22.8%. The company is expected to issue its next earnings report after the market closes on Tuesday, April 24th.
On average, analysts expect that Superior Energy Services will report full-year sales of $2.21 billion for the current fiscal year, with estimates ranging from $2.02 billion to $2.62 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.45 billion per share, with estimates ranging from $2.13 billion to $2.83 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Superior Energy Services.
Superior Energy Services (NYSE:SPN) last announced its quarterly earnings results on Monday, February 19th. The oil and gas company reported ($0.33) earnings per share for the quarter, missing the 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 business had revenue of $497.00 million during the quarter, compared to analysts’ expectations of $509.27 million. During the same period in the previous year, the company posted ($0.74) EPS. Superior Energy Services’s revenue for the quarter was up 40.2% on a year-over-year basis.
SPN has been the subject of several research reports. Zacks Investment Research cut shares of Superior Energy Services from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. UBS raised shares of Superior Energy Services from a “neutral” rating to a “positive” rating in a research report on Friday, January 5th. ValuEngine cut shares of Superior Energy Services from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Scotia Howard Weill reissued a “sector perform” rating on shares of Superior Energy Services in a research report on Friday, January 12th. Finally, Royal Bank of Canada set a $10.00 target price on shares of Superior Energy Services and gave the company a “hold” rating in a research report on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.76.
A number of institutional investors have recently modified their holdings of the business. Virtu Financial LLC increased its stake in Superior Energy Services by 13.0% during the 4th quarter. Virtu Financial LLC now owns 52,421 shares of the oil and gas company’s stock valued at $505,000 after purchasing an additional 6,035 shares in the last quarter. Flinton Capital Management LLC increased its stake in Superior Energy Services by 36.7% during the 4th quarter. Flinton Capital Management LLC now owns 23,576 shares of the oil and gas company’s stock valued at $227,000 after purchasing an additional 6,328 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Superior Energy Services by 23.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 33,737 shares of the oil and gas company’s stock valued at $325,000 after purchasing an additional 6,421 shares in the last quarter. GSA Capital Partners LLP increased its stake in Superior Energy Services by 52.1% during the 3rd quarter. GSA Capital Partners LLP now owns 24,381 shares of the oil and gas company’s stock valued at $260,000 after purchasing an additional 8,348 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Superior Energy Services by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,250,454 shares of the oil and gas company’s stock valued at $12,041,000 after purchasing an additional 9,118 shares in the last quarter.
Shares of SPN opened at $9.76 on Friday. Superior Energy Services has a fifty-two week low of $7.66 and a fifty-two week high of $13.78. The company has a market capitalization of $1,422.05, a PE ratio of -5.92 and a beta of 2.10. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.03 and a quick ratio of 1.67.
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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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