Superior Energy Services (SPN) Receives “Hold” Rating from BMO Capital Markets

BMO Capital Markets reiterated their hold rating on shares of Superior Energy Services (NYSE:SPN) in a report released on Tuesday morning. They currently have a $10.00 price objective on the oil and gas company’s stock.

Other equities analysts have also recently issued research reports about the company. Deutsche Bank decreased their price objective on Superior Energy Services from $15.00 to $10.00 and set a buy rating for the company in a report on Wednesday, October 25th. Loop Capital set a $13.00 price objective on Superior Energy Services and gave the company a buy rating in a report on Wednesday, October 25th. They noted that the move was a valuation call. Cowen set a $14.00 price target on Superior Energy Services and gave the company a buy rating in a research note on Friday, October 6th. Piper Jaffray Companies restated a buy rating on shares of Superior Energy Services in a research note on Tuesday, September 26th. Finally, Scotiabank restated a buy rating on shares of Superior Energy Services in a research note on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $12.78.

Shares of Superior Energy Services (NYSE:SPN) traded up $0.04 during mid-day trading on Tuesday, hitting $10.82. The stock had a trading volume of 3,159,536 shares, compared to its average volume of 3,232,357. The firm has a market cap of $1,650.24, a PE ratio of -3.85 and a beta of 2.16. The company has a current ratio of 1.99, a quick ratio of 1.64 and a debt-to-equity ratio of 1.15. Superior Energy Services has a fifty-two week low of $7.66 and a fifty-two week high of $18.81.

Superior Energy Services (NYSE:SPN) last issued its quarterly earnings data on Monday, October 23rd. The oil and gas company reported ($0.33) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.32) by ($0.01). The company had revenue of $506.00 million during the quarter, compared to analyst estimates of $511.23 million. Superior Energy Services had a negative net margin of 24.59% and a negative return on equity of 26.18%. The business’s quarterly revenue was up 55.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.73) EPS. research analysts expect that Superior Energy Services will post -1.64 EPS for the current year.

In other news, Director Peter D. Kinnear acquired 20,000 shares of the business’s stock in a transaction on Monday, October 30th. The stock was bought at an average cost of $8.52 per share, for a total transaction of $170,400.00. Following the purchase, the director now owns 64,607 shares in the company, valued at $550,451.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.91% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the business. Phoenix Investment Adviser LLC purchased a new stake in Superior Energy Services during the 4th quarter worth approximately $607,000. Oakbrook Investments LLC purchased a new stake in shares of Superior Energy Services in the fourth quarter valued at approximately $108,000. Fox Run Management L.L.C. grew its position in shares of Superior Energy Services by 36.3% in the fourth quarter. Fox Run Management L.L.C. now owns 57,250 shares of the oil and gas company’s stock valued at $551,000 after purchasing an additional 15,250 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Superior Energy Services by 7.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 994,043 shares of the oil and gas company’s stock valued at $9,573,000 after purchasing an additional 67,058 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in shares of Superior Energy Services by 65.4% in the third quarter. Public Employees Retirement System of Ohio now owns 209,228 shares of the oil and gas company’s stock valued at $2,235,000 after purchasing an additional 82,700 shares in the last quarter.

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Superior Energy Services Company Profile

Superior Energy Services, Inc provides a range of services and products to the energy industry related to the exploration, development and production of oil and natural gas. The Company’s segments include Drilling Products and Services, which rents and sells bottom hole assemblies, drill pipe, tubulars and specialized equipment for use with onshore and offshore oil and gas well drilling, production and workover activities; Onshore Completion and Workover Services, which provides pressure pumping services used to complete and stimulate production in new oil and gas wells, fluid handling services and well servicing rigs that provide a range of well completion and maintenance services; Production Services, which provides intervention services, such as coiled tubing, cased hole and mechanical wireline, hydraulic workover and snubbing, and remedial pumping services, and Technical Solutions, which provides services requiring specialized engineering, manufacturing or project planning.

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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