Superior Energy Services, Inc. (NYSE:SPN) Rating Reiterated by Jefferies Group LLC

Jefferies Group LLC reiterated their hold rating on shares of Superior Energy Services, Inc. (NYSE:SPN) in a research report released on Friday, July 14th. They currently have a $14.00 price target on the oil and gas company’s stock.

Other analysts also recently issued research reports about the stock. Scotiabank set a $22.00 price objective on shares of Superior Energy Services and gave the stock a buy rating in a research report on Saturday, April 1st. BMO Capital Markets reissued a market perform rating and issued a $16.00 price target on shares of Superior Energy Services in a research report on Wednesday, April 12th. Royal Bank Of Canada set a $20.00 price target on shares of Superior Energy Services and gave the company a hold rating in a research report on Saturday, June 24th. Guggenheim downgraded shares of Superior Energy Services from a buy rating to a neutral rating in a research report on Tuesday, June 27th. Finally, Loop Capital reissued a buy rating on shares of Superior Energy Services in a research report on Monday, July 3rd. Two equities 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. The company currently has a consensus rating of Hold and an average target price of $16.50.

Shares of Superior Energy Services (NYSE:SPN) opened at 9.07 on Friday. The company’s 50-day moving average is $10.41 and its 200-day moving average is $12.88. Superior Energy Services has a 12 month low of $8.90 and a 12 month high of $19.39. The stock’s market capitalization is $1.39 billion.

Superior Energy Services (NYSE:SPN) last announced 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 during the quarter, compared to the consensus estimate of $465.75 million. Superior Energy Services had a negative net margin of 31.24% and a negative return on equity of 28.82%. The company’s quarterly revenue was up 31.9% on a year-over-year basis. During the same quarter last year, the firm posted ($3.09) EPS. Equities research analysts expect that Superior Energy Services will post ($1.57) earnings per share for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in SPN. BlackRock Inc. increased its stake in Superior Energy Services by 10,301.4% in the first quarter. BlackRock Inc. now owns 23,424,814 shares of the oil and gas company’s stock worth $334,036,000 after buying an additional 23,199,606 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in Superior Energy Services by 221.9% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 4,285,600 shares of the oil and gas company’s stock worth $44,699,000 after buying an additional 2,954,100 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Superior Energy Services by 33.9% in the second quarter. Dimensional Fund Advisors LP now owns 8,272,972 shares of the oil and gas company’s stock worth $86,287,000 after buying an additional 2,095,988 shares during the last quarter. Victory Capital Management Inc. increased its stake in Superior Energy Services by 20.7% in the second quarter. Victory Capital Management Inc. now owns 11,290,645 shares of the oil and gas company’s stock worth $117,761,000 after buying an additional 1,933,360 shares during the last quarter. Finally, Anchor Capital Advisors LLC purchased a new stake in Superior Energy Services during the first quarter worth $16,380,000.

About Superior Energy Services

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