Superior Energy Services, Inc. (SPN) Earns “Buy” Rating from Scotiabank

Scotiabank restated their buy rating on shares of Superior Energy Services, Inc. (NYSE:SPN) in a research report report published on Friday morning.

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.

TRADEMARK VIOLATION WARNING: “Superior Energy Services, Inc. (SPN) Earns “Buy” Rating from Scotiabank” was originally posted by Community Financial News and is owned by of Community Financial News. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.com-unik.info/2017/10/30/superior-energy-services-inc-spn-earns-buy-rating-from-scotiabank.html.

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

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

What are top analysts saying about Superior Energy Services Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Superior Energy Services Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit