Cubist Systematic Strategies LLC raised its position in shares of Superior Energy Services, Inc. (NYSE:SPN) by 142.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 179,964 shares of the oil and gas company’s stock after acquiring an additional 105,853 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.12% of Superior Energy Services worth $1,517,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Arizona State Retirement System boosted its holdings in shares of Superior Energy Services by 27.2% during the fourth quarter. Arizona State Retirement System now owns 110,186 shares of the oil and gas company’s stock worth $1,061,000 after acquiring an additional 23,544 shares during the period. Two Sigma Investments LP bought a new stake in shares of Superior Energy Services during the fourth quarter worth approximately $15,582,000. Two Sigma Advisers LP boosted its holdings in shares of Superior Energy Services by 384.5% during the fourth quarter. Two Sigma Advisers LP now owns 724,704 shares of the oil and gas company’s stock worth $6,979,000 after acquiring an additional 575,117 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Superior Energy Services by 23.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 33,737 shares of the oil and gas company’s stock worth $325,000 after acquiring an additional 6,421 shares during the period. Finally, MetLife Investment Advisors LLC bought a new stake in shares of Superior Energy Services during the fourth quarter worth approximately $1,641,000.
In other news, CEO David D. Dunlap acquired 30,000 shares of the stock in a transaction on Thursday, April 26th. The stock was acquired at an average cost of $10.89 per share, for a total transaction of $326,700.00. Following the completion of the transaction, the chief executive officer now directly owns 660,414 shares in the company, valued at $7,191,908.46. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 3.81% of the stock is owned by insiders.
Shares of Superior Energy Services opened at $9.67 on Tuesday, according to Marketbeat.com. Superior Energy Services, Inc. has a one year low of $7.66 and a one year high of $12.73. The company has a market cap of $1.47 billion, a price-to-earnings ratio of -5.86 and a beta of 2.06. 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 (NYSE:SPN) last announced 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. Superior Energy Services had a negative net margin of 8.90% and a negative return on equity of 19.29%. The business had revenue of $482.32 million during the quarter, compared to the consensus estimate of $494.41 million. During the same period in the previous year, the business earned ($0.59) earnings per share. The company’s revenue was up 20.3% on a year-over-year basis. sell-side analysts anticipate that Superior Energy Services, Inc. will post -0.76 earnings per share for the current fiscal year.
Superior Energy Services Company Profile
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.
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