Superior Energy Services, Inc. (SPN) Director Acquires $39,900.00 in Stock

Superior Energy Services, Inc. (NYSE:SPN) Director James M. Funk acquired 5,000 shares of Superior Energy Services stock in a transaction on Thursday, November 1st. The shares were purchased at an average cost of $7.98 per share, with a total value of $39,900.00. Following the completion of the purchase, the director now directly owns 16,961 shares of the company’s stock, valued at approximately $135,348.78. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of NYSE:SPN traded up $0.29 during trading on Friday, reaching $8.11. 335,501 shares of the company traded hands, compared to its average volume of 3,144,492. The company has a market cap of $1.20 billion, a price-to-earnings ratio of -4.92 and a beta of 2.12. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.65 and a current ratio of 2.03. Superior Energy Services, Inc. has a 52 week low of $7.28 and a 52 week high of $12.73.

Superior Energy Services (NYSE:SPN) last released its earnings results on Monday, October 22nd. The oil and gas company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). The company had revenue of $573.07 million for the quarter, compared to the consensus estimate of $563.47 million. Superior Energy Services had a negative net margin of 4.76% and a negative return on equity of 14.06%. The business’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.33) earnings per share. Research analysts predict that Superior Energy Services, Inc. will post -0.9 EPS for the current fiscal year.

SPN has been the topic of a number of research reports. SunTrust Banks reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Superior Energy Services in a report on Friday, July 27th. Piper Jaffray Companies set a $9.00 price objective on Superior Energy Services and gave the company a “buy” rating in a report on Tuesday, October 23rd. Seaport Global Securities set a $11.00 price objective on Superior Energy Services and gave the company a “buy” rating in a report on Wednesday, October 24th. ValuEngine raised Superior Energy Services from a “sell” rating to a “hold” rating in a report on Monday, August 13th. Finally, Zacks Investment Research raised Superior Energy Services from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Superior Energy Services presently has an average rating of “Hold” and an average price target of $11.76.

Several large investors have recently added to or reduced their stakes in SPN. Senvest Management LLC bought a new stake in shares of Superior Energy Services during the 2nd quarter valued at $18,384,000. Dimensional Fund Advisors LP lifted its position in shares of Superior Energy Services by 14.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 12,933,972 shares of the oil and gas company’s stock valued at $125,977,000 after acquiring an additional 1,648,465 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of Superior Energy Services by 128.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,430,284 shares of the oil and gas company’s stock valued at $23,671,000 after acquiring an additional 1,366,854 shares during the period. Standard Life Aberdeen plc lifted its position in shares of Superior Energy Services by 105.3% during the 2nd quarter. Standard Life Aberdeen plc now owns 1,715,147 shares of the oil and gas company’s stock valued at $16,714,000 after acquiring an additional 879,681 shares during the period. Finally, FMR LLC lifted its position in shares of Superior Energy Services by 25.3% during the 2nd quarter. FMR LLC now owns 3,536,332 shares of the oil and gas company’s stock valued at $34,444,000 after acquiring an additional 713,410 shares during the period.

Superior Energy Services Company 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.

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