Q3 2017 EPS Estimates for Superior Energy Services, Inc. (SPN) Lowered by Analyst

Superior Energy Services, Inc. (NYSE:SPN) – Equities research analysts at Capital One Financial Corporation reduced their Q3 2017 earnings estimates for Superior Energy Services in a research note issued on Monday. Capital One Financial Corporation analyst L. Lemoine now expects that the oil and gas company will earn ($0.34) per share for the quarter, down from their previous estimate of ($0.32). Capital One Financial Corporation also issued estimates for Superior Energy Services’ Q4 2017 earnings at ($0.31) EPS and FY2017 earnings at ($1.65) EPS.

Several other brokerages have also weighed in on SPN. Cowen and Company set a $14.00 target price on shares of Superior Energy Services and gave the stock a “buy” rating in a research report on Friday, October 6th. Piper Jaffray Companies set a $15.00 target price on shares of Superior Energy Services and gave the stock a “buy” rating in a research report on Tuesday, July 25th. Morgan Stanley lowered shares of Superior Energy Services from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, June 21st. Royal Bank Of Canada set a $20.00 target price on shares of Superior Energy Services and gave the stock a “hold” rating in a research report on Saturday, June 24th. Finally, Barclays PLC set a $12.00 target price on shares of Superior Energy Services and gave the stock a “hold” rating in a research report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company. Superior Energy Services currently has an average rating of “Hold” and an average target price of $16.11.

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Shares of Superior Energy Services (NYSE SPN) opened at 10.26 on Wednesday. The company has a 50-day moving average price of $9.78 and a 200 day moving average price of $10.83. Superior Energy Services has a 12-month low of $7.91 and a 12-month high of $19.39. The firm’s market capitalization is $1.57 billion.

Superior Energy Services (NYSE:SPN) last posted its quarterly earnings data on Tuesday, July 25th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $465.75 million. During the same period in the previous year, the firm posted ($3.09) EPS. Superior Energy Services’s revenue was up 31.9% compared to the same quarter last year.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. World Asset Management Inc lifted its stake in shares of Superior Energy Services by 0.3% during the second quarter. World Asset Management Inc now owns 11,665 shares of the oil and gas company’s stock valued at $122,000 after buying an additional 34 shares during the period. Utah Retirement Systems lifted its stake in shares of Superior Energy Services by 0.4% during the first quarter. Utah Retirement Systems now owns 27,379 shares of the oil and gas company’s stock valued at $391,000 after buying an additional 100 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of Superior Energy Services by 1.7% during the first quarter. Teacher Retirement System of Texas now owns 12,155 shares of the oil and gas company’s stock valued at $173,000 after buying an additional 203 shares during the period. Endurance Wealth Management Inc. lifted its stake in shares of Superior Energy Services by 4.9% during the second quarter. Endurance Wealth Management Inc. now owns 11,565 shares of the oil and gas company’s stock valued at $121,000 after buying an additional 539 shares during the period. Finally, Metropolitan Life Insurance Co. NY lifted its stake in shares of Superior Energy Services by 0.4% during the first quarter. Metropolitan Life Insurance Co. NY now owns 142,360 shares of the oil and gas company’s stock valued at $2,030,000 after buying an additional 622 shares during the period.

About Superior Energy Services

Earnings History and Estimates for Superior Energy Services (NYSE:SPN)

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