Jefferies Group Analysts Give Superior Energy Services (SPN) a $10.00 Price Target

Jefferies Group set a $10.00 price target on Superior Energy Services (NYSE:SPN) in a research note released on Thursday. The firm currently has a hold rating on the oil and gas company’s stock. Jefferies Group also issued estimates for Superior Energy Services’ FY2019 earnings at $0.10 EPS.

SPN has been the topic of several other research reports. Royal Bank of Canada set a $10.00 price target on Superior Energy Services and gave the company a hold rating in a report on Thursday, December 21st. ValuEngine lowered Superior Energy Services from a sell rating to a strong sell rating in a report on Sunday, December 31st. Cowen set a $14.00 price target on Superior Energy Services and gave the company a buy rating in a report on Friday, October 6th. Deutsche Bank started coverage on Superior Energy Services in a report on Tuesday, October 10th. They set a buy rating and a $15.00 price target on the stock. Finally, Scotiabank restated a buy rating on shares of Superior Energy Services in a report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $12.65.

Superior Energy Services (SPN) traded up $0.18 during trading hours on Thursday, reaching $11.05. The company had a trading volume of 3,780,685 shares, compared to its average volume of 2,790,835. Superior Energy Services has a one year low of $7.66 and a one year high of $19.08. The stock has a market cap of $1,691.57, a price-to-earnings ratio of -3.93 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 (NYSE:SPN) last released its quarterly earnings results on Monday, October 23rd. The oil and gas company reported ($0.33) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.32) by ($0.01). Superior Energy Services had a negative net margin of 24.59% and a negative return on equity of 26.18%. The company had revenue of $506.00 million for the quarter, compared to analysts’ expectations of $511.23 million. During the same quarter in the previous year, the company posted ($0.73) EPS. The business’s quarterly revenue was up 55.1% on a year-over-year basis. analysts anticipate that Superior Energy Services will post -1.63 earnings per share for the current fiscal year.

In other news, Director Peter D. Kinnear purchased 20,000 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were purchased at an average price 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 in the company, valued at approximately $550,451.64. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.91% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Comerica Bank increased its stake in shares of Superior Energy Services by 0.8% during the second quarter. Comerica Bank now owns 130,803 shares of the oil and gas company’s stock valued at $1,366,000 after buying an additional 992 shares during the period. Neuberger Berman Group LLC increased its stake in shares of Superior Energy Services by 8.1% during the second quarter. Neuberger Berman Group LLC now owns 17,109 shares of the oil and gas company’s stock valued at $178,000 after buying an additional 1,289 shares during the period. Broadview Advisors LLC increased its stake in shares of Superior Energy Services by 0.6% during the second quarter. Broadview Advisors LLC now owns 266,924 shares of the oil and gas company’s stock valued at $2,784,000 after buying an additional 1,700 shares during the period. Thrivent Financial For Lutherans boosted its position in Superior Energy Services by 8.7% during the second quarter. Thrivent Financial For Lutherans now owns 30,970 shares of the oil and gas company’s stock valued at $323,000 after purchasing an additional 2,480 shares in the last quarter. Finally, AMG National Trust Bank boosted its position in Superior Energy Services by 8.4% during the second quarter. AMG National Trust Bank now owns 46,195 shares of the oil and gas company’s stock valued at $482,000 after purchasing an additional 3,576 shares in the last quarter.

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Superior Energy Services Company Profile

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