Shares of Superior Energy Services, Inc. (NYSE:SPN) have received a consensus rating of “Hold” from the twenty-four analysts that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $16.88.

Several analysts have weighed in on the company. Royal Bank Of Canada set a $20.00 price target on Superior Energy Services and gave the company a “hold” rating in a report on Saturday, June 24th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $14.00 price target on shares of Superior Energy Services in a report on Friday, July 14th. Piper Jaffray Companies set a $12.00 price target on Superior Energy Services and gave the company a “buy” rating in a report on Wednesday, August 16th. BidaskClub raised Superior Energy Services from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Superior Energy Services in a report on Wednesday, July 26th.

A number of institutional investors have recently made changes to their positions in SPN. Capstone Asset Management Co. increased its stake in Superior Energy Services by 4.4% in the 1st quarter. Capstone Asset Management Co. now owns 13,266 shares of the oil and gas company’s stock worth $189,000 after purchasing an additional 560 shares during the period. Louisiana State Employees Retirement System increased its stake in Superior Energy Services by 2.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 38,600 shares of the oil and gas company’s stock worth $550,000 after purchasing an additional 1,100 shares during the period. Retirement Systems of Alabama increased its stake in Superior Energy Services by 111.8% in the 1st quarter. Retirement Systems of Alabama now owns 415,007 shares of the oil and gas company’s stock worth $5,918,000 after purchasing an additional 219,058 shares during the period. Nationwide Fund Advisors increased its stake in Superior Energy Services by 2.7% in the 1st quarter. Nationwide Fund Advisors now owns 282,717 shares of the oil and gas company’s stock worth $4,032,000 after purchasing an additional 7,338 shares during the period. Finally, Independent Portfolio Consultants Inc. purchased a new position in Superior Energy Services in the 1st quarter worth approximately $105,000.

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Superior Energy Services (SPN) traded up 2.209% on Friday, reaching $9.485. The company had a trading volume of 1,835,350 shares. The stock’s market capitalization is $1.45 billion. Superior Energy Services has a 12-month low of $7.91 and a 12-month high of $19.39. The stock’s 50-day moving average price is $9.50 and its 200-day moving average price is $11.68.

Superior Energy Services (NYSE:SPN) last released its quarterly earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) earnings per share for the quarter, beating the consensus estimate of ($0.48) by $0.07. Superior Energy Services had a negative return on equity of 28.82% and a negative net margin of 31.24%. The firm had revenue of $470.07 million for the quarter, compared to analysts’ expectations of $465.75 million. During the same quarter last year, the firm posted ($3.09) EPS. The company’s revenue was up 31.9% compared to the same quarter last year. On average, equities research analysts anticipate that Superior Energy Services will post ($1.57) EPS for the current fiscal year.

Superior Energy Services Company Profile

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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