Superior Energy Services, Inc. (NYSE:SPN) was up 1.7% on Friday . The company traded as high as $12.60 and last traded at $12.24. Approximately 60,574 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 3,476,126 shares. The stock had previously closed at $12.45.
A number of equities research analysts have recently weighed in on SPN shares. Barclays boosted their price objective on shares of Superior Energy Services from $10.00 to $12.00 and gave the stock an “equal weight” rating in a report on Friday, April 27th. ValuEngine downgraded shares of Superior Energy Services from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Jefferies Group reaffirmed a “hold” rating and issued a $11.00 target price on shares of Superior Energy Services in a research note on Thursday, April 26th. Citigroup lifted their target price on shares of Superior Energy Services from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Monday, April 30th. Finally, Cowen reaffirmed an “outperform” rating and issued a $13.00 target price (up from $12.00) on shares of Superior Energy Services in a research note on Thursday, April 26th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $13.43.
The company has a current ratio of 1.86, a quick ratio of 1.48 and a debt-to-equity ratio of 1.19. The stock has a market cap of $1.92 billion, a PE ratio of -7.42 and a beta of 2.05.
Superior Energy Services (NYSE:SPN) last issued its quarterly earnings data on Tuesday, April 24th. The oil and gas company reported ($0.34) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.35) by $0.01. The business had revenue of $482.32 million for the quarter, compared to the consensus estimate of $494.41 million. Superior Energy Services had a negative net margin of 8.90% and a negative return on equity of 19.29%. The company’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.59) EPS. analysts anticipate that Superior Energy Services, Inc. will post -0.75 EPS for the current year.
In related news, CEO David D. Dunlap acquired 30,000 shares of Superior Energy Services stock in a transaction on Thursday, April 26th. The shares were acquired at an average cost of $10.89 per share, with a total value of $326,700.00. Following the transaction, the chief executive officer now owns 660,414 shares in the company, valued at $7,191,908.46. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.81% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of SPN. Jump Trading LLC purchased a new position in Superior Energy Services during the 4th quarter valued at $104,000. Oakbrook Investments LLC purchased a new position in Superior Energy Services during the 4th quarter valued at $108,000. Vertex One Asset Management Inc. purchased a new stake in shares of Superior Energy Services in the 1st quarter worth about $118,000. Signition LP purchased a new stake in shares of Superior Energy Services in the 1st quarter worth about $120,000. Finally, Cerebellum GP LLC purchased a new stake in shares of Superior Energy Services in the 4th quarter worth about $127,000.
About Superior Energy Services
Superior Energy Services, Inc provides oilfield services and equipment to oil and natural gas exploration and production companies in the United States, the Gulf of Mexico, and internationally. The company operates in four segments: Drilling Products and Services, Onshore Completion and Workover Services, Production Services, and Technical Solutions.
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