Superior Energy Services, Inc. (SPN) Shares Bought by Cubist Systematic Strategies LLC

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.



SPN has been the subject of a number of research analyst reports. 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 report on Wednesday, February 21st. Credit Suisse Group boosted their price target on Superior Energy Services from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $12.00 price target (up from $11.00) on shares of Superior Energy Services in a research note on Wednesday, February 21st. Piper Jaffray Companies reiterated a “buy” rating and issued a $10.25 price target on shares of Superior Energy Services in a research note on Friday, February 23rd. Finally, Cowen set a $12.00 price target on Superior Energy Services and gave the company a “buy” rating in a research note on Friday, April 13th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $13.43.

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.

Want to see what other hedge funds are holding SPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Superior Energy Services, Inc. (NYSE:SPN).

Institutional Ownership by Quarter for Superior Energy Services (NYSE:SPN)

Receive News & Ratings for Superior Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply