Superior Energy Services, Inc. (NYSE:SPN) – Capital One Financial Corporation boosted their Q3 2017 earnings per share estimates for Superior Energy Services in a research note issued on Thursday. Capital One Financial Corporation analyst L. Lemoine now expects that the oil and gas company will earn ($0.32) per share for the quarter, up from their previous estimate of ($0.37). Capital One Financial Corporation also issued estimates for Superior Energy Services’ Q4 2017 earnings at ($0.24) EPS, FY2017 earnings at ($1.55) EPS, Q3 2018 earnings at ($0.08) EPS and FY2018 earnings at ($0.51) EPS.

Superior Energy Services (NYSE:SPN) last announced its earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.48) by $0.07. The firm had revenue of $470.07 million during the quarter, compared to analysts’ expectations of $465.75 million. Superior Energy Services had a negative return on equity of 28.82% and a negative net margin of 31.24%. The company’s quarterly revenue was up 31.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($3.09) EPS.

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Several other equities research analysts have also recently commented on the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $14.00 price target (down previously from $30.00) on shares of Superior Energy Services in a report on Wednesday, June 21st. Nomura set a $13.00 price target on Superior Energy Services and gave the company a “hold” rating in a report on Thursday, April 27th. Barclays PLC reaffirmed a “buy” rating and issued a $18.00 price target on shares of Superior Energy Services in a report on Friday, April 28th. BMO Capital Markets cut their price target on Superior Energy Services from $16.00 to $15.00 and set a “market perform” rating for the company in a report on Tuesday, May 2nd. Finally, Instinet reaffirmed a “neutral” rating and issued a $13.00 price target (down previously from $15.00) on shares of Superior Energy Services in a report on Saturday, April 29th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $16.50.

Superior Energy Services (NYSE SPN) opened at 10.22 on Monday. The stock has a 50 day moving average price of $10.51 and a 200-day moving average price of $13.24. Superior Energy Services has a one year low of $8.99 and a one year high of $19.39. The stock’s market cap is $1.56 billion.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Tennessee Treasury Department boosted its stake in Superior Energy Services by 66.7% in the first quarter. State of Tennessee Treasury Department now owns 150,000 shares of the oil and gas company’s stock worth $2,139,000 after buying an additional 60,000 shares during the last quarter. Liberty Mutual Group Asset Management Inc. boosted its stake in Superior Energy Services by 1.8% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 68,737 shares of the oil and gas company’s stock worth $980,000 after buying an additional 1,192 shares during the last quarter. Virginia Retirement Systems ET AL boosted its stake in Superior Energy Services by 16.4% in the first quarter. Virginia Retirement Systems ET AL now owns 28,051 shares of the oil and gas company’s stock worth $400,000 after buying an additional 3,951 shares during the last quarter. GMT Capital Corp boosted its stake in Superior Energy Services by 380.1% in the first quarter. GMT Capital Corp now owns 1,400,530 shares of the oil and gas company’s stock worth $19,972,000 after buying an additional 1,108,800 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Superior Energy Services by 24.2% in the first quarter. Legal & General Group Plc now owns 283,722 shares of the oil and gas company’s stock worth $4,040,000 after buying an additional 55,350 shares during the last quarter.

Superior Energy Services Company Profile

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

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