Canada Pension Plan Investment Board boosted its stake in Superior Energy Services, Inc. (NYSE:SPN) by 13.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 202,400 shares of the oil and gas company’s stock after buying an additional 23,300 shares during the period. Canada Pension Plan Investment Board owned 0.13% of Superior Energy Services worth $2,111,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Endurance Wealth Management Inc. increased its position in Superior Energy Services by 4.9% in the second quarter. Endurance Wealth Management Inc. now owns 11,565 shares of the oil and gas company’s stock valued at $121,000 after buying an additional 539 shares during the period. Retirement Systems of Alabama increased its position in Superior Energy Services by 19.7% in the second quarter. Retirement Systems of Alabama now owns 496,725 shares of the oil and gas company’s stock valued at $5,181,000 after buying an additional 81,718 shares during the period. Anchor Capital Advisors LLC increased its position in Superior Energy Services by 0.4% in the second quarter. Anchor Capital Advisors LLC now owns 1,152,925 shares of the oil and gas company’s stock valued at $12,025,000 after buying an additional 4,238 shares during the period. Texas Permanent School Fund increased its position in Superior Energy Services by 0.8% in the second quarter. Texas Permanent School Fund now owns 111,583 shares of the oil and gas company’s stock valued at $1,164,000 after buying an additional 931 shares during the period. Finally, World Asset Management Inc increased its position in Superior Energy Services by 0.3% in the second quarter. World Asset Management Inc now owns 11,665 shares of the oil and gas company’s stock valued at $122,000 after buying an additional 34 shares during the period.

Shares of Superior Energy Services, Inc. (SPN) opened at 8.36 on Friday. The firm’s market capitalization is $1.28 billion. Superior Energy Services, Inc. has a 1-year low of $8.09 and a 1-year high of $19.39. The firm has a 50-day moving average of $9.93 and a 200-day moving average of $12.22.

Superior Energy Services (NYSE:SPN) last released its quarterly earnings data on Tuesday, July 25th. The oil and gas company reported ($0.41) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.07. The firm had revenue of $470.07 million during the quarter, compared to the consensus estimate 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 company posted ($3.09) earnings per share. On average, equities research analysts anticipate that Superior Energy Services, Inc. will post ($1.57) EPS for the current fiscal year.

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Several research analysts have recently weighed in on the stock. Piper Jaffray Companies set a $12.00 target price on shares of Superior Energy Services and gave the stock a “buy” rating in a research report on Wednesday, August 16th. BidaskClub downgraded shares of Superior Energy Services from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Jefferies Group LLC set a $13.00 target price on shares of Superior Energy Services and gave the stock a “hold” rating in a research report on Saturday, July 29th. Scotiabank set a $22.00 target price on shares of Superior Energy Services and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Superior Energy Services in a research report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. Superior Energy Services currently has a consensus rating of “Hold” and a consensus target price of $16.33.

Superior Energy Services Company Profile

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

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