Jefferies Group LLC reiterated their hold rating on shares of Superior Energy Services, Inc. (NYSE:SPN) in a research report released on Friday morning. Jefferies Group LLC currently has a $14.00 target price on the oil and gas company’s stock.
Several other research analysts also recently issued reports on the company. Tudor Pickering started coverage on Superior Energy Services in a research note on Thursday, March 23rd. They issued a hold rating for the company. Morgan Stanley reaffirmed an equal weight rating and issued a $14.00 price objective (down previously from $30.00) on shares of Superior Energy Services in a research note on Wednesday, June 21st. Nomura set a $13.00 price objective on Superior Energy Services and gave the company a hold rating in a research note on Thursday, April 27th. Barclays PLC reaffirmed a buy rating and issued a $18.00 price objective on shares of Superior Energy Services in a research note on Friday, April 28th. Finally, BMO Capital Markets lowered their price objective on Superior Energy Services from $16.00 to $15.00 and set a market perform rating for the company in a research note on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $17.63.
Superior Energy Services (SPN) traded down 0.64% during midday trading on Friday, reaching $10.88. 4,318,506 shares of the company’s stock traded hands. The company’s market cap is $1.66 billion. The stock has a 50-day moving average of $10.69 and a 200 day moving average of $14.36. Superior Energy Services has a 52-week low of $8.99 and a 52-week high of $19.39.
Superior Energy Services (NYSE:SPN) last released its quarterly earnings data on Tuesday, April 25th. The oil and gas company reported ($0.59) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.61) by $0.02. Superior Energy Services had a negative return on equity of 27.75% and a negative net margin of 62.02%. The company had revenue of $400.94 million during the quarter, compared to the consensus estimate of $388.26 million. During the same quarter in the prior year, the firm posted ($0.49) earnings per share. The firm’s revenue was down 3.0% compared to the same quarter last year. On average, analysts anticipate that Superior Energy Services will post ($1.70) earnings per share for the current fiscal year.
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In other news, insider David D. Dunlap bought 45,000 shares of the business’s stock in a transaction that occurred on Friday, April 28th. The shares were bought at an average cost of $12.26 per share, for a total transaction of $551,700.00. Following the acquisition, the insider now directly owns 530,657 shares in the company, valued at $6,505,854.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.91% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Superior Energy Services by 10,301.4% in the first quarter. BlackRock Inc. now owns 23,424,814 shares of the oil and gas company’s stock worth $334,036,000 after buying an additional 23,199,606 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Superior Energy Services by 4.7% in the first quarter. Vanguard Group Inc. now owns 12,565,360 shares of the oil and gas company’s stock worth $179,182,000 after buying an additional 559,398 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Superior Energy Services by 8.6% in the first quarter. Victory Capital Management Inc. now owns 9,357,285 shares of the oil and gas company’s stock worth $133,435,000 after buying an additional 740,857 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Superior Energy Services by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 6,176,984 shares of the oil and gas company’s stock worth $88,080,000 after buying an additional 207,182 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Superior Energy Services by 1.4% in the first quarter. State Street Corp now owns 4,530,797 shares of the oil and gas company’s stock worth $64,610,000 after buying an additional 61,293 shares in the last quarter.
About Superior Energy Services
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