Superior Energy Services (SPN) Receiving Somewhat Positive Media Coverage, Report Shows

News stories about Superior Energy Services (NYSE:SPN) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Superior Energy Services earned a news impact score of 0.14 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 45.96761988975 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

SPN has been the subject of several research reports. ValuEngine downgraded shares of Superior Energy Services from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Piper Jaffray Companies reiterated a “buy” rating on shares of Superior Energy Services in a research note on Tuesday, September 26th. Jefferies Group set a $13.00 price objective on shares of Superior Energy Services and gave the stock a “hold” rating in a research note on Thursday, October 5th. Cowen set a $14.00 price objective on shares of Superior Energy Services and gave the stock a “buy” rating in a research note on Friday, October 6th. Finally, Royal Bank of Canada set a $14.00 price objective on shares of Superior Energy Services and gave the stock a “hold” rating in a research note on Saturday, October 7th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $12.88.

Shares of Superior Energy Services (NYSE:SPN) traded up $0.37 during mid-day trading on Tuesday, hitting $9.91. 1,700,000 shares of the stock traded hands, compared to its average volume of 2,960,000. The stock has a market capitalization of $1,520.00, a P/E ratio of -4.03 and a beta of 2.16. The company has a quick ratio of 1.64, a current ratio of 1.99 and a debt-to-equity ratio of 1.15. Superior Energy Services has a fifty-two week low of $7.66 and a fifty-two week high of $19.08.

Superior Energy Services (NYSE:SPN) last announced its earnings results on Monday, October 23rd. The oil and gas company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.01). The firm had revenue of $506.00 million during the quarter, compared to analysts’ expectations 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 last year, the company posted ($0.73) earnings per share. research analysts forecast that Superior Energy Services will post -1.63 EPS for the current fiscal year.

In other news, Director Peter D. Kinnear bought 20,000 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was acquired at an average cost of $8.52 per share, for a total transaction of $170,400.00. Following the completion of the purchase, the director now owns 64,607 shares of the company’s stock, valued at $550,451.64. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 3.49% of the stock is currently owned by corporate insiders.

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