Other equities analysts have also recently issued reports about the stock. Jefferies Group LLC reiterated a hold rating and set a $14.00 target price on shares of Superior Energy Services in a research note on Friday, July 14th. Piper Jaffray Companies set a $12.00 target price on shares of Superior Energy Services and gave the company a buy rating in a research note on Wednesday, August 16th. Barclays PLC set a $10.00 target price on shares of Superior Energy Services and gave the company a hold rating in a research note on Wednesday, October 25th. Credit Suisse Group cut their target price on shares of Superior Energy Services from $12.00 to $11.00 and set an outperform rating for the company in a research note on Wednesday, October 25th. Finally, Seaport Global Securities reiterated a neutral rating on shares of Superior Energy Services in a research note on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $13.82.
Shares of Superior Energy Services (NYSE:SPN) opened at 8.29 on Friday. Superior Energy Services has a 52-week low of $7.66 and a 52-week high of $19.28. The company’s market cap is $1.27 billion. The stock has a 50 day moving average of $9.84 and a 200 day moving average of $10.42.
Superior Energy Services (NYSE:SPN) last released its earnings results on Monday, October 23rd. The oil and gas company reported ($0.33) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.32) by ($0.01). The company had revenue of $506.00 million for the quarter, compared to analyst estimates of $511.23 million. Superior Energy Services had a negative net margin of 24.59% and a negative return on equity of 26.18%. Superior Energy Services’s revenue for the quarter was up 55.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.73) earnings per share. On average, equities analysts anticipate that Superior Energy Services will post ($1.62) earnings per share for the current fiscal year.
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Institutional investors and hedge funds have recently bought and sold shares of the company. Suntrust Banks Inc. bought a new stake in shares of Superior Energy Services in the 2nd quarter worth about $108,000. Washington Trust Bank grew its holdings in shares of 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 purchasing an additional 990 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of Superior Energy Services in the 2nd quarter worth about $116,000. Oakbrook Investments LLC bought a new stake in shares of Superior Energy Services in the 2nd quarter worth about $118,000. Finally, Endurance Wealth Management Inc. grew its holdings in shares of 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 purchasing an additional 539 shares during the last quarter.
About Superior Energy Services
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