Nikko Asset Management Americas Inc. Has $13.13 Million Stake in Superior Energy Services, Inc. (SPN)

Nikko Asset Management Americas Inc. increased its stake in Superior Energy Services, Inc. (NYSE:SPN) by 48.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,259,292 shares of the oil and gas company’s stock after buying an additional 411,200 shares during the period. Nikko Asset Management Americas Inc. owned about 0.82% of Superior Energy Services worth $13,134,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in SPN. BNP Paribas Arbitrage SA increased its stake in Superior Energy Services by 96.7% in the second quarter. BNP Paribas Arbitrage SA now owns 86,641 shares of the oil and gas company’s stock valued at $904,000 after buying an additional 42,596 shares during the period. Comerica Bank increased its stake in Superior Energy Services by 0.8% in the second quarter. Comerica Bank now owns 130,803 shares of the oil and gas company’s stock valued at $1,366,000 after buying an additional 992 shares during the period. Trillium Asset Management LLC increased its stake in Superior Energy Services by 3.6% in the second quarter. Trillium Asset Management LLC now owns 66,600 shares of the oil and gas company’s stock valued at $695,000 after buying an additional 2,311 shares during the period. Rhumbline Advisers increased its stake in Superior Energy Services by 14.6% in the second quarter. Rhumbline Advisers now owns 322,557 shares of the oil and gas company’s stock valued at $3,364,000 after buying an additional 41,064 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in Superior Energy Services by 3.7% in the second quarter. Teacher Retirement System of Texas now owns 12,602 shares of the oil and gas company’s stock valued at $131,000 after buying an additional 447 shares during the period.

Shares of Superior Energy Services, Inc. (SPN) opened at 8.20 on Friday. Superior Energy Services, Inc. has a 52-week low of $8.18 and a 52-week high of $19.39. The company’s 50-day moving average price is $10.27 and its 200-day moving average price is $12.62. The stock’s market cap is $1.26 billion.

Superior Energy Services (NYSE:SPN) last issued its quarterly earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.48) by $0.07. Superior Energy Services had a negative return on equity of 28.82% and a negative net margin of 31.24%. The company had revenue of $470.07 million during the quarter, compared to analysts’ expectations of $465.75 million. During the same quarter in the previous year, the firm posted ($3.09) EPS. The firm’s revenue was up 31.9% compared to the same quarter last year. On average, equities research analysts forecast that Superior Energy Services, Inc. will post ($1.57) earnings per share for the current fiscal year.

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Several equities research analysts have commented on the company. Piper Jaffray Companies set a $12.00 target price on Superior Energy Services and gave the stock a “buy” rating in a report on Wednesday. BidaskClub downgraded Superior Energy Services from a “sell” rating to a “strong sell” rating in a report on Wednesday. Jefferies Group LLC set a $13.00 price target on Superior Energy Services and gave the company a “hold” rating in a report on Saturday, July 29th. Scotiabank set a $22.00 price target on Superior Energy Services and gave the company a “buy” rating in a report on Thursday, July 27th. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Superior Energy Services in a report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $16.33.

About Superior Energy Services

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

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