Superior Energy Services (NYSE:SPN) Raised to Hold at ValuEngine

ValuEngine upgraded shares of Superior Energy Services (NYSE:SPN) from a sell rating to a hold rating in a report published on Thursday, June 7th.

A number of other equities analysts have also weighed in on SPN. Royal Bank of Canada set a $11.00 price objective on Superior Energy Services and gave the stock a hold rating in a research note on Saturday, February 17th. Raymond James boosted their price objective on Superior Energy Services from $15.00 to $19.00 and gave the company a strong-buy rating in a report on Thursday, April 26th. Credit Suisse Group boosted their price objective on Superior Energy Services from $11.00 to $12.00 and gave the company an outperform rating in a report on Wednesday, February 21st. Cowen restated an outperform rating and set a $13.00 price target (up previously from $12.00) on shares of Superior Energy Services in a report on Thursday, April 26th. Finally, Barclays upped their price target on Superior Energy Services from $10.00 to $12.00 and gave the stock an equal weight rating in a report on Friday, April 27th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $13.43.

Shares of Superior Energy Services opened at $9.55 on Thursday, Marketbeat reports. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.86 and a quick ratio of 1.48. Superior Energy Services has a twelve month low of $7.66 and a twelve month high of $12.73. The company has a market cap of $1.47 billion, a P/E ratio of -5.79 and a beta of 2.06.



Superior Energy Services (NYSE:SPN) last issued its quarterly earnings data on Tuesday, April 24th. The oil and gas company reported ($0.34) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.01. The company had revenue of $482.32 million for the quarter, compared to analyst estimates of $494.41 million. Superior Energy Services had a negative return on equity of 19.29% and a negative net margin of 8.90%. Superior Energy Services’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same period last year, the company earned ($0.59) earnings per share. equities analysts predict that Superior Energy Services will post -0.76 earnings per share for the current year.

In related news, CEO David D. Dunlap bought 30,000 shares of the stock in a transaction on Thursday, April 26th. The shares were purchased at an average price of $10.89 per share, for a total transaction of $326,700.00. Following the acquisition, the chief executive officer now owns 660,414 shares in the company, valued at $7,191,908.46. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.81% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. Suntrust Banks Inc. grew its holdings in Superior Energy Services by 67.6% during the 1st quarter. Suntrust Banks Inc. now owns 112,208 shares of the oil and gas company’s stock valued at $945,000 after buying an additional 45,254 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Superior Energy Services by 3.5% during the first quarter. Principal Financial Group Inc. now owns 669,017 shares of the oil and gas company’s stock worth $5,640,000 after purchasing an additional 22,627 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Superior Energy Services by 63.3% during the first quarter. Royal Bank of Canada now owns 104,247 shares of the oil and gas company’s stock worth $878,000 after purchasing an additional 40,412 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of Superior Energy Services by 142.8% during the first quarter. Cubist Systematic Strategies LLC now owns 179,964 shares of the oil and gas company’s stock worth $1,517,000 after purchasing an additional 105,853 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its holdings in shares of Superior Energy Services by 2.7% during the first quarter. Guggenheim Capital LLC now owns 247,292 shares of the oil and gas company’s stock worth $2,085,000 after purchasing an additional 6,540 shares during the last quarter.

About Superior Energy Services

Superior Energy Services, Inc provides oilfield services and equipment to oil and natural gas exploration and production companies in the United States, the Gulf of Mexico, and internationally. The company operates in four segments: Drilling Products and Services, Onshore Completion and Workover Services, Production Services, and Technical Solutions.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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