Superior Energy Services, Inc. to Post FY2020 Earnings of $0.95 Per Share, Jefferies Group Forecasts (SPN)

Superior Energy Services, Inc. (NYSE:SPN) – Research analysts at Jefferies Group dropped their FY2020 earnings per share (EPS) estimates for shares of Superior Energy Services in a research note issued to investors on Wednesday. Jefferies Group analyst E. Royes now expects that the oil and gas company will post earnings of $0.95 per share for the year, down from their prior forecast of $1.15. Jefferies Group has a “Hold” rating and a $10.00 price target on the stock.

Superior Energy Services (NYSE:SPN) last released its quarterly earnings data on Monday, February 19th. The oil and gas company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.01). The business had revenue of $497.00 million during the quarter, compared to the consensus estimate of $509.27 million. Superior Energy Services had a negative net margin of 10.99% and a negative return on equity of 21.78%. Superior Energy Services’s quarterly revenue was up 40.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.74) EPS.

A number of other equities analysts have also commented on SPN. Loop Capital set a $13.00 price objective on Superior Energy Services and gave the stock a “buy” rating in a research note on Wednesday, October 25th. They noted that the move was a valuation call. Cowen set a $12.00 target price on Superior Energy Services and gave the company an “outperform” rating in a report on Wednesday, October 25th. Deutsche Bank reduced their target price on Superior Energy Services from $15.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, October 25th. Barclays set a $10.00 target price on Superior Energy Services and gave the company a “hold” rating in a report on Wednesday, October 25th. Finally, Credit Suisse Group reduced their target price on Superior Energy Services from $12.00 to $11.00 and set an “outperform” rating on the stock in a report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.00.

Shares of Superior Energy Services (NYSE:SPN) traded down $0.10 during midday trading on Thursday, hitting $9.21. The stock had a trading volume of 3,596,389 shares, compared to its average volume of 4,155,045. The company has a market capitalization of $1,420.00, a price-to-earnings ratio of -5.38 and a beta of 2.05. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.64 and a current ratio of 1.99. Superior Energy Services has a one year low of $7.66 and a one year high of $17.35.

Hedge funds have recently bought and sold shares of the company. Summit Financial Wealth Advisors LLC bought a new stake in Superior Energy Services in the 3rd quarter valued at about $107,000. Jump Trading LLC bought a new stake in Superior Energy Services in the 4th quarter valued at about $104,000. Nomura Holdings Inc. bought a new stake in Superior Energy Services in the 2nd quarter valued at about $116,000. Oakbrook Investments LLC bought a new stake in Superior Energy Services in the 4th quarter valued at about $108,000. Finally, Crossmark Global Holdings Inc. bought a new stake in Superior Energy Services in the 3rd quarter valued at about $126,000. 98.98% of the stock is owned by hedge funds and other institutional investors.

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About Superior Energy Services

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.

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

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