Superior Energy Services (NYSE:SPN) issued its quarterly earnings results on Monday, February 19th. The oil and gas company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.01), Yahoo Finance reports. The business had revenue of $497.00 million during the quarter, compared to analyst estimates of $509.27 million. Superior Energy Services had a negative return on equity of 21.92% and a negative net margin of 10.99%. Superior Energy Services’s revenue was up 40.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.74) EPS.
Shares of Superior Energy Services (NYSE:SPN) traded up $0.02 during mid-day trading on Wednesday, reaching $9.97. The company had a trading volume of 1,870,458 shares, compared to its average volume of 3,921,163. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.67 and a current ratio of 2.03. The stock has a market capitalization of $1,553.16, a PE ratio of -7.39 and a beta of 2.12. Superior Energy Services has a 52 week low of $7.66 and a 52 week high of $15.25.
Several equities research analysts have weighed in on the company. Jefferies Group set a $10.00 price target on Superior Energy Services and gave the stock a “hold” rating in a report on Thursday, January 4th. Zacks Investment Research cut Superior Energy Services from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Susquehanna Bancshares upgraded Superior Energy Services from a “neutral” rating to a “positive” rating and raised their price objective for the stock from $9.00 to $15.00 in a research note on Friday, January 5th. SunTrust Banks upgraded Superior Energy Services from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Monday, November 20th. Finally, Seaport Global Securities upgraded Superior Energy Services from a “neutral” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $12.91.
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.
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