Shares of Superior Energy Services, Inc. (NYSE:SPN) have been assigned a consensus rating of “Hold” from the twenty-eight analysts that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $11.24.
A number of brokerages have weighed in on SPN. Barclays set a $10.00 price target on Superior Energy Services and gave the company a “hold” rating in a research report on Wednesday, October 24th. Cleveland Research cut Superior Energy Services from a “buy” rating to a “neutral” rating in a research report on Thursday, October 18th. ValuEngine cut Superior Energy Services from a “hold” rating to a “sell” rating in a research report on Wednesday, November 21st. Piper Jaffray Companies set a $9.00 price target on Superior Energy Services and gave the company a “buy” rating in a research report on Tuesday, October 23rd. Finally, Bank of America cut Superior Energy Services from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $5.45 to $5.00 in a research report on Monday.
In other Superior Energy Services news, Director James M. Funk acquired 5,000 shares of Superior Energy Services stock in a transaction on Thursday, November 1st. The shares were bought at an average price of $7.98 per share, with a total value of $39,900.00. Following the completion of the purchase, the director now owns 16,961 shares in the company, valued at $135,348.78. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Westervelt T. Ballard, Jr. acquired 4,000 shares of Superior Energy Services stock in a transaction on Wednesday, October 24th. The stock was acquired at an average cost of $7.68 per share, for a total transaction of $30,720.00. Following the purchase, the chief financial officer now owns 88,004 shares of the company’s stock, valued at approximately $675,870.72. The disclosure for this purchase can be found here. 3.81% of the stock is currently owned by insiders.
Shares of SPN traded up $0.08 on Monday, reaching $5.53. 7,204,515 shares of the stock traded hands, compared to its average volume of 3,365,135. The stock has a market cap of $842.19 million, a PE ratio of -3.35 and a beta of 2.13. The company has a current ratio of 2.03, a quick ratio of 1.65 and a debt-to-equity ratio of 1.24. Superior Energy Services has a 12 month low of $5.28 and a 12 month high of $12.73.
Superior Energy Services (NYSE:SPN) last released its quarterly earnings data on Monday, October 22nd. The oil and gas company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). The firm had revenue of $573.07 million for the quarter, compared to the consensus estimate of $563.47 million. Superior Energy Services had a negative net margin of 4.76% and a negative return on equity of 14.06%. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.33) earnings per share. Equities analysts forecast that Superior Energy Services will post -0.9 earnings per share for the current fiscal year.
About Superior Energy Services
Superior Energy Services, Inc provides oilfield services and equipment to oil and natural gas exploration and production companies in the United States, the Gulf of Mexico, and internationally. The company operates in four segments: Drilling Products and Services, Onshore Completion and Workover Services, Production Services, and Technical Solutions.
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