State Board of Administration of Florida Retirement System Has $1.23 Million Holdings in Superior Energy Services, Inc. (SPN)

State Board of Administration of Florida Retirement System lessened its holdings in Superior Energy Services, Inc. (NYSE:SPN) by 52.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 118,327 shares of the oil and gas company’s stock after selling 128,368 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.08% of Superior Energy Services worth $1,234,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in SPN. Capstone Asset Management Co. boosted its holdings in Superior Energy Services by 4.4% in the 1st quarter. Capstone Asset Management Co. now owns 13,266 shares of the oil and gas company’s stock valued at $189,000 after purchasing an additional 560 shares in the last quarter. Nationwide Fund Advisors boosted its holdings in Superior Energy Services by 2.7% in the 1st quarter. Nationwide Fund Advisors now owns 282,717 shares of the oil and gas company’s stock valued at $4,032,000 after purchasing an additional 7,338 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Superior Energy Services by 1.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 53,114 shares of the oil and gas company’s stock valued at $757,000 after purchasing an additional 700 shares in the last quarter. State Treasurer State of Michigan boosted its holdings in Superior Energy Services by 1.6% in the 1st quarter. State Treasurer State of Michigan now owns 62,100 shares of the oil and gas company’s stock valued at $886,000 after purchasing an additional 1,000 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in Superior Energy Services by 57.7% in the 1st quarter. US Bancorp DE now owns 11,130 shares of the oil and gas company’s stock valued at $159,000 after purchasing an additional 4,072 shares in the last quarter.

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A number of equities research analysts have weighed in on the company. Seaport Global Securities lowered Superior Energy Services from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $13.00 to $10.00 in a report on Wednesday, June 21st. Deutsche Bank AG reaffirmed a “buy” rating and issued a $15.00 price objective (down previously from $22.00) on shares of Superior Energy Services in a report on Thursday, July 27th. BidaskClub raised Superior Energy Services from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Loop Capital reaffirmed a “buy” rating on shares of Superior Energy Services in a report on Monday, July 3rd. Finally, Barclays PLC lowered Superior Energy Services from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $18.00 to $11.00 in a report on Wednesday, July 12th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $16.33.

Superior Energy Services, Inc. (NYSE:SPN) opened at 10.33 on Tuesday. Superior Energy Services, Inc. has a 12 month low of $7.91 and a 12 month high of $19.39. The company’s 50 day moving average price is $9.18 and its 200 day moving average price is $11.28. The firm’s market capitalization is $1.58 billion.

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 for the quarter, topping the Zacks’ consensus estimate of ($0.48) by $0.07. The firm had revenue of $470.07 million during the quarter, compared to analysts’ expectations 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 firm’s revenue for the quarter was up 31.9% compared to the same quarter last year. During the same period last year, the firm posted ($3.09) earnings per share. Analysts anticipate that Superior Energy Services, Inc. will post ($1.57) EPS for the current year.

Superior Energy Services Profile

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

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