Dynamic Technology Lab Private Ltd trimmed its holdings in shares of Superior Energy Services, Inc. (NYSE:SPN) by 25.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 127,054 shares of the oil and gas company’s stock after selling 43,552 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Superior Energy Services were worth $1,071,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Jump Trading LLC acquired a new position in Superior Energy Services during the fourth quarter valued at approximately $104,000. Vertex One Asset Management Inc. acquired a new position in Superior Energy Services during the first quarter valued at approximately $118,000. Signition LP acquired a new position in Superior Energy Services during the first quarter valued at approximately $120,000. MANA Advisors LLC acquired a new position in Superior Energy Services during the fourth quarter valued at approximately $154,000. Finally, Teza Capital Management LLC acquired a new position in Superior Energy Services during the first quarter valued at approximately $146,000.
Shares of NYSE:SPN opened at $9.40 on Tuesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.86 and a quick ratio of 1.48. The firm has a market capitalization of $1.53 billion, a P/E ratio of -5.70 and a beta of 2.06. Superior Energy Services, Inc. has a 12-month low of $7.66 and a 12-month high of $12.73.
Superior Energy Services (NYSE:SPN) last issued its quarterly earnings results on Tuesday, April 24th. The oil and gas company reported ($0.34) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.01. The business had revenue of $482.32 million during the quarter, compared to analyst estimates 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 business’s revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.59) earnings per share. equities research analysts predict that Superior Energy Services, Inc. will post -0.75 earnings per share for the current year.
A number of research analysts have weighed in on the stock. ValuEngine raised shares of Superior Energy Services from a “sell” rating to a “hold” rating in a research report on Friday. Cowen set a $12.00 price target on shares of Superior Energy Services and gave the company a “buy” rating in a research report on Friday, April 13th. Wells Fargo & Co raised shares of Superior Energy Services from a “market perform” rating to an “outperform” rating in a research report on Monday, April 30th. Raymond James lifted their price target on shares of Superior Energy Services from $15.00 to $19.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 26th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $9.00 target price on shares of Superior Energy Services in a research report on Wednesday, April 4th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Superior Energy Services presently has a consensus rating of “Hold” and a consensus price target of $13.40.
In related news, CEO David D. Dunlap purchased 30,000 shares of the company’s stock in a transaction that occurred on Thursday, April 26th. The stock was acquired at an average price of $10.89 per share, for a total transaction of $326,700.00. Following the completion of the purchase, the chief executive officer now owns 660,414 shares in the company, valued at $7,191,908.46. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.81% of the stock is currently owned by insiders.
Superior Energy Services Profile
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.
Want to see what other hedge funds are holding SPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Superior Energy Services, Inc. (NYSE:SPN).
Receive News & Ratings for Superior Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.