Bbva Compass Bancshares Inc. Maintains Stake in Superior Energy Services, Inc. (NYSE:SPN)

Bbva Compass Bancshares Inc. maintained its position in shares of Superior Energy Services, Inc. (NYSE:SPN) during the second quarter, Holdings Channel reports. The firm owned 12,011 shares of the oil and gas company’s stock at the end of the second quarter. Bbva Compass Bancshares Inc.’s holdings in Superior Energy Services were worth $125,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Independent Portfolio Consultants Inc. bought a new position in shares of Superior Energy Services during the first quarter worth approximately $105,000. Washington Trust Bank boosted its position in shares of Superior Energy Services by 10.1% in the second quarter. Washington Trust Bank now owns 10,800 shares of the oil and gas company’s stock worth $113,000 after buying an additional 990 shares during the period. Oakbrook Investments LLC bought a new position in shares of Superior Energy Services during the second quarter worth approximately $118,000. Flinton Capital Management LLC boosted its position in shares of Superior Energy Services by 9.1% in the first quarter. Flinton Capital Management LLC now owns 8,708 shares of the oil and gas company’s stock worth $124,000 after buying an additional 728 shares during the period. Finally, LS Investment Advisors LLC boosted its position in shares of Superior Energy Services by 20.9% in the second quarter. LS Investment Advisors LLC now owns 12,442 shares of the oil and gas company’s stock worth $130,000 after buying an additional 2,155 shares during the period.

Shares of Superior Energy Services, Inc. (NYSE SPN) opened at 9.11 on Friday. Superior Energy Services, Inc. has a 52-week low of $8.99 and a 52-week high of $19.39. The company’s market capitalization is $1.39 billion. The company’s 50 day moving average price is $10.42 and its 200 day moving average price is $12.94.

Superior Energy Services (NYSE:SPN) last released its quarterly earnings data on Tuesday, July 25th. The oil and gas company reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.48) by $0.07. The company had revenue of $470.07 million for the quarter, compared to the consensus estimate of $465.75 million. Superior Energy Services had a negative return on equity of 28.82% and a negative net margin of 31.24%. Superior Energy Services’s quarterly revenue was up 31.9% on a year-over-year basis. During the same period last year, the business posted ($3.09) EPS. On average, analysts predict that Superior Energy Services, Inc. will post ($1.57) EPS for the current year.

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SPN has been the topic of a number of analyst reports. Barclays PLC reaffirmed a “buy” rating and issued a $18.00 price target on shares of Superior Energy Services in a research note on Friday, April 28th. Deutsche Bank AG decreased their price target on Superior Energy Services from $26.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, April 28th. Loop Capital reaffirmed a “buy” rating on shares of Superior Energy Services in a research note on Monday, July 3rd. Piper Jaffray Companies set a $15.00 price target on Superior Energy Services and gave the stock a “buy” rating in a research note on Tuesday, July 25th. Finally, Scotiabank set a $22.00 price target on Superior Energy Services and gave the stock a “buy” rating in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the stock. Superior Energy Services presently has an average rating of “Hold” and a consensus price target of $16.50.

Superior Energy Services Company Profile

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Institutional Ownership by Quarter for Superior Energy Services (NYSE:SPN)

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