TIAA CREF Investment Management LLC Sells 33,280 Shares of Superior Energy Services, Inc. (SPN)

TIAA CREF Investment Management LLC lowered its position in Superior Energy Services, Inc. (NYSE:SPN) by 4.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 678,382 shares of the oil and gas company’s stock after selling 33,280 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.44% of Superior Energy Services worth $7,076,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SPN. Washington Trust Bank increased its holdings in Superior Energy Services by 10.1% in the 2nd quarter. Washington Trust Bank now owns 10,800 shares of the oil and gas company’s stock worth $113,000 after acquiring an additional 990 shares during the last quarter. Oakbrook Investments LLC purchased a new stake in Superior Energy Services in the 2nd quarter worth about $118,000. Endurance Wealth Management Inc. increased its holdings in Superior Energy Services by 4.9% in the 2nd quarter. Endurance Wealth Management Inc. now owns 11,565 shares of the oil and gas company’s stock worth $121,000 after acquiring an additional 539 shares during the last quarter. World Asset Management Inc increased its holdings in Superior Energy Services by 0.3% in the 2nd quarter. World Asset Management Inc now owns 11,665 shares of the oil and gas company’s stock worth $122,000 after acquiring an additional 34 shares during the last quarter. Finally, LS Investment Advisors LLC increased its holdings in Superior Energy Services by 20.9% in the 2nd quarter. LS Investment Advisors LLC now owns 12,442 shares of the oil and gas company’s stock worth $130,000 after acquiring an additional 2,155 shares during the last quarter.

SPN has been the subject of several recent research reports. Cowen and Company set a $14.00 price objective on Superior Energy Services and gave the stock a “buy” rating in a report on Friday, October 6th. Piper Jaffray Companies set a $15.00 price objective on Superior Energy Services and gave the stock a “buy” rating in a report on Tuesday, July 25th. Morgan Stanley lowered Superior Energy Services from an “overweight” rating to an “equal weight” rating in a report on Wednesday, June 21st. Royal Bank Of Canada set a $20.00 price objective on Superior Energy Services and gave the stock a “hold” rating in a report on Saturday, June 24th. Finally, Barclays PLC set a $12.00 price objective on Superior Energy Services and gave the stock a “hold” rating 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 given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $16.11.

Shares of Superior Energy Services, Inc. (NYSE:SPN) opened at 10.36 on Thursday. The stock’s 50 day moving average price is $9.73 and its 200-day moving average price is $10.83. The company’s market cap is $1.59 billion. Superior Energy Services, Inc. has a 12 month low of $7.91 and a 12 month high of $19.39.

Superior Energy Services (NYSE:SPN) last released its earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $470.07 million during the quarter, compared to analysts’ expectations of $465.75 million. During the same quarter last year, the business posted ($3.09) earnings per share. The firm’s revenue was up 31.9% on a year-over-year basis. Equities research analysts expect that Superior Energy Services, Inc. will post ($1.58) earnings per share for the current year.

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Superior Energy Services Profile

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

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