GSA Capital Partners LLP Raises Holdings in Superior Energy Services, Inc. (SPN)

GSA Capital Partners LLP grew its holdings in shares of Superior Energy Services, Inc. (NYSE:SPN) by 52.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,381 shares of the oil and gas company’s stock after purchasing an additional 8,348 shares during the period. GSA Capital Partners LLP’s holdings in Superior Energy Services were worth $260,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Comerica Bank raised its holdings 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 worth $1,366,000 after purchasing an additional 992 shares during the period. Neuberger Berman Group LLC raised its holdings 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 worth $178,000 after purchasing an additional 1,289 shares during the period. Broadview Advisors LLC increased its holdings in shares of Superior Energy Services by 0.6% in the 2nd quarter. Broadview Advisors LLC now owns 266,924 shares of the oil and gas company’s stock worth $2,784,000 after acquiring an additional 1,700 shares during the period. Thrivent Financial For Lutherans increased its holdings in shares of Superior Energy Services by 8.7% in the 2nd quarter. Thrivent Financial For Lutherans now owns 30,970 shares of the oil and gas company’s stock worth $323,000 after acquiring an additional 2,480 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of Superior Energy Services by 21.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 25,878 shares of the oil and gas company’s stock worth $270,000 after acquiring an additional 4,598 shares during the period.

In related news, Director Peter D. Kinnear bought 20,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was purchased at an average price of $8.52 per share, for a total transaction of $170,400.00. Following the transaction, the director now directly owns 64,607 shares of the company’s stock, valued at approximately $550,451.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.49% of the company’s stock.

Superior Energy Services, Inc. (NYSE:SPN) opened at $11.14 on Thursday. The stock has a market cap of $1,740.00, a PE ratio of -4.53 and a beta of 2.16. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.99 and a quick ratio of 1.64. Superior Energy Services, Inc. has a 12-month low of $7.66 and a 12-month high of $18.87.

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 (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.32) by ($0.01). The company had revenue of $506.00 million during the quarter, compared to the consensus estimate of $511.23 million. Superior Energy Services had a negative net margin of 24.59% and a negative return on equity of 26.18%. The business’s quarterly revenue was up 55.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.73) EPS. equities analysts forecast that Superior Energy Services, Inc. will post -1.63 earnings per share for the current fiscal year.

SPN has been the topic of a number of analyst reports. Royal Bank of Canada set a $10.00 price objective on shares of Superior Energy Services and gave the stock a “hold” rating in a report on Thursday, December 21st. ValuEngine cut shares of Superior Energy Services from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. Jefferies Group set a $13.00 price objective on shares of Superior Energy Services and gave the stock a “hold” rating in a report 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 report on Friday, October 6th. Finally, Deutsche Bank initiated coverage on shares of Superior Energy Services in a report on Tuesday, October 10th. They issued a “buy” rating and a $15.00 price objective on the stock. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $12.61.

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About Superior Energy Services

Institutional Ownership by Quarter for Superior Energy Services (NYSE:SPN)

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