Jefferies Group LLC Analysts Give Superior Energy Services, Inc. (SPN) a $13.00 Price Target

Superior Energy Services, Inc. (NYSE:SPN) has been assigned a $13.00 price target by stock analysts at Jefferies Group LLC in a note issued to investors on Saturday, July 29th. The brokerage presently has a “hold” rating on the oil and gas company’s stock. Jefferies Group LLC’s price target indicates a potential upside of 53.85% from the stock’s previous close.

Several other equities analysts have also commented on the company. Scotiabank set a $22.00 target price on Superior Energy Services and gave the company a “buy” rating in a report on Thursday, July 27th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Superior Energy Services in a report on Wednesday, July 26th. Deutsche Bank AG reaffirmed a “buy” rating and set a $15.00 target price (down from $22.00) on shares of Superior Energy Services in a report on Thursday, July 27th. BidaskClub lowered Superior Energy Services from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Barclays PLC set a $12.00 target price on Superior Energy Services and gave the company a “hold” rating in a report on Wednesday, July 26th. Two 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. The stock has an average rating of “Hold” and a consensus price target of $16.33.

Shares of Superior Energy Services (NYSE:SPN) opened at 8.45 on Friday. The firm’s 50-day moving average price is $10.22 and its 200-day moving average price is $12.56. The firm’s market capitalization is $1.29 billion. Superior Energy Services has a 52-week low of $8.18 and a 52-week high of $19.39.

Superior Energy Services (NYSE:SPN) last posted its earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.07. The company had revenue of $470.07 million during the quarter, compared to analyst estimates of $465.75 million. Superior Energy Services had a negative return on equity of 28.82% and a negative net margin of 31.24%. The business’s revenue was up 31.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($3.09) earnings per share. On average, equities analysts predict that Superior Energy Services will post ($1.57) earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in the stock. World Asset Management Inc increased its stake in shares of Superior Energy Services by 0.3% in the second quarter. World Asset Management Inc now owns 11,665 shares of the oil and gas company’s stock worth $122,000 after buying an additional 34 shares during the period. Utah Retirement Systems increased its stake in shares of Superior Energy Services by 0.4% in the first quarter. Utah Retirement Systems now owns 27,379 shares of the oil and gas company’s stock worth $391,000 after buying an additional 100 shares during the period. Endurance Wealth Management Inc. increased its stake in shares of Superior Energy Services by 1.0% in the first quarter. Endurance Wealth Management Inc. now owns 11,026 shares of the oil and gas company’s stock worth $158,000 after buying an additional 112 shares during the period. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Superior Energy Services by 0.7% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 26,338 shares of the oil and gas company’s stock worth $376,000 after buying an additional 187 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in shares of Superior Energy Services by 1.7% in the first quarter. Teacher Retirement System of Texas now owns 12,155 shares of the oil and gas company’s stock worth $173,000 after buying an additional 203 shares during the period.

Superior Energy Services Company Profile

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