Capital One Financial Corporation Research Analysts Increase Earnings Estimates for Superior Energy Services, Inc. (NYSE:SPN)

Superior Energy Services, Inc. (NYSE:SPN) – Investment analysts at Capital One Financial Corporation increased their Q3 2017 earnings estimates for shares of Superior Energy Services in a research report issued on Thursday. Capital One Financial Corporation analyst L. Lemoine now anticipates that the oil and gas company will post earnings of ($0.32) per share for the quarter, up from their prior forecast of ($0.37). Capital One Financial Corporation also issued estimates for Superior Energy Services’ Q4 2017 earnings at ($0.24) EPS, FY2017 earnings at ($1.55) EPS, Q3 2018 earnings at ($0.08) EPS and FY2018 earnings at ($0.51) EPS.

Superior Energy Services (NYSE:SPN) last issued its earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.07. The business had revenue of $470.07 million for the quarter, compared to analyst estimates of $465.75 million. Superior Energy Services had a negative net margin of 31.24% and a negative return on equity of 28.82%. The company’s revenue for the quarter was up 31.9% on a year-over-year basis. During the same quarter in the prior year, the business posted ($3.09) EPS. COPYRIGHT VIOLATION WARNING: “Capital One Financial Corporation Research Analysts Increase Earnings Estimates for Superior Energy Services, Inc. (NYSE:SPN)” was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://stocknewstimes.com/2017/08/12/capital-one-financial-corporation-research-analysts-increase-earnings-estimates-for-superior-energy-services-inc-nysespn-updated.html.

SPN has been the topic of several other reports. Deutsche Bank AG restated a “buy” rating and issued a $15.00 price target (down from $22.00) on shares of Superior Energy Services in a research report on Thursday, July 27th. Barclays PLC set a $12.00 price target on shares of Superior Energy Services and gave the stock a “hold” rating in a research report on Wednesday, July 26th. Instinet restated a “neutral” rating and issued a $13.00 price target (down from $15.00) on shares of Superior Energy Services in a research report on Saturday, April 29th. Scotiabank set a $22.00 price target on shares of Superior Energy Services and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Morgan Stanley lowered shares of Superior Energy Services from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company. Superior Energy Services currently has an average rating of “Hold” and an average price target of $16.50.

Shares of Superior Energy Services (NYSE SPN) opened at 10.22 on Monday. Superior Energy Services has a 52 week low of $8.99 and a 52 week high of $19.39. The stock has a 50 day moving average of $10.51 and a 200-day moving average of $13.24. The firm’s market cap is $1.56 billion.

A number of institutional investors have recently made changes to their positions in the stock. State of Tennessee Treasury Department boosted its position in shares of Superior Energy Services by 66.7% in the first quarter. State of Tennessee Treasury Department now owns 150,000 shares of the oil and gas company’s stock worth $2,139,000 after buying an additional 60,000 shares during the last quarter. Liberty Mutual Group Asset Management Inc. boosted its position in shares of Superior Energy Services by 1.8% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 68,737 shares of the oil and gas company’s stock worth $980,000 after buying an additional 1,192 shares during the last quarter. Virginia Retirement Systems ET AL boosted its position in shares of Superior Energy Services by 16.4% in the first quarter. Virginia Retirement Systems ET AL now owns 28,051 shares of the oil and gas company’s stock worth $400,000 after buying an additional 3,951 shares during the last quarter. GMT Capital Corp boosted its position in shares of Superior Energy Services by 380.1% in the first quarter. GMT Capital Corp now owns 1,400,530 shares of the oil and gas company’s stock worth $19,972,000 after buying an additional 1,108,800 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Superior Energy Services by 24.2% in the first quarter. Legal & General Group Plc now owns 283,722 shares of the oil and gas company’s stock worth $4,040,000 after buying an additional 55,350 shares during the last quarter.

Superior Energy Services Company Profile

Earnings History and Estimates for Superior Energy Services (NYSE:SPN)

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