Barclays PLC set a $12.00 price objective on Superior Energy Services, Inc. (NYSE:SPN) in a report published on Wednesday. The firm currently has a hold rating on the oil and gas company’s stock.
Several other research analysts also recently commented on the stock. Royal Bank Of Canada set a $14.00 price objective on shares of Superior Energy Services and gave the company a hold rating in a research report on Wednesday. Piper Jaffray Companies set a $15.00 price objective on shares of Superior Energy Services and gave the company a buy rating in a research report on Tuesday. BidaskClub upgraded shares of Superior Energy Services from a sell rating to a hold rating in a research report on Tuesday, July 18th. Jefferies Group LLC restated a hold rating and set a $14.00 price objective on shares of Superior Energy Services in a research report on Friday, July 14th. Finally, Loop Capital restated a buy rating on shares of Superior Energy Services in a research report on Monday, July 3rd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. Superior Energy Services has an average rating of Hold and a consensus price target of $16.56.
Shares of Superior Energy Services (NYSE:SPN) opened at 11.18 on Wednesday. Superior Energy Services has a 52-week low of $8.99 and a 52-week high of $19.39. The company’s market capitalization is $1.71 billion. The company’s 50-day moving average price is $10.52 and its 200-day moving average price is $13.43.
Superior Energy Services (NYSE:SPN) last announced its quarterly earnings data on Tuesday, July 25th. The oil and gas company reported ($0.41) EPS for the quarter, beating the consensus estimate of ($0.48) by $0.07. Superior Energy Services had a negative net margin of 31.24% and a negative return on equity of 28.82%. The business had revenue of $470.07 million during the quarter, compared to the consensus estimate of $465.75 million. During the same period in the previous year, the business earned ($3.09) earnings per share. The company’s revenue was up 31.9% on a year-over-year basis. Equities research analysts forecast that Superior Energy Services will post ($1.60) EPS for the current fiscal year.
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Several hedge funds have recently modified their holdings of SPN. Independent Portfolio Consultants Inc. acquired a new stake in shares of Superior Energy Services during the first quarter valued at $105,000. Washington Trust Bank boosted its stake in shares of Superior Energy Services by 10.1% in the second quarter. Washington Trust Bank now owns 10,800 shares of the oil and gas company’s stock valued at $113,000 after buying an additional 990 shares in the last quarter. Oakbrook Investments LLC acquired a new stake in shares of Superior Energy Services during the second quarter valued at $118,000. World Asset Management Inc boosted its stake in shares of Superior Energy Services by 0.3% in the second quarter. World Asset Management Inc now owns 11,665 shares of the oil and gas company’s stock valued at $122,000 after buying an additional 34 shares in the last quarter. Finally, Flinton Capital Management LLC boosted its stake in shares of Superior Energy Services by 9.1% in the first quarter. Flinton Capital Management LLC now owns 8,708 shares of the oil and gas company’s stock valued at $124,000 after buying an additional 728 shares in the last quarter.
Superior Energy Services Company Profile
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