Mitchell Group Inc. lowered its position in Superior Energy Services, Inc. (NYSE:SPN) by 13.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,203,720 shares of the oil and gas company’s stock after selling 330,360 shares during the period. Superior Energy Services accounts for about 3.7% of Mitchell Group Inc.’s investment portfolio, making the stock its 13th largest holding. Mitchell Group Inc. owned about 1.44% of Superior Energy Services worth $23,536,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC increased its position in Superior Energy Services by 221.9% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 4,285,600 shares of the oil and gas company’s stock valued at $44,699,000 after buying an additional 2,954,100 shares in the last quarter. Balyasny Asset Management LLC increased its holdings in shares of Superior Energy Services by 535.0% in the 2nd quarter. Balyasny Asset Management LLC now owns 3,008,663 shares of the oil and gas company’s stock worth $31,380,000 after purchasing an additional 2,534,833 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Superior Energy Services by 33.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,272,972 shares of the oil and gas company’s stock worth $86,287,000 after purchasing an additional 2,095,988 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Superior Energy Services by 20.7% in the 2nd quarter. Victory Capital Management Inc. now owns 11,290,645 shares of the oil and gas company’s stock worth $117,761,000 after purchasing an additional 1,933,360 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Superior Energy Services by 43.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,731,504 shares of the oil and gas company’s stock worth $50,530,000 after purchasing an additional 1,437,552 shares in the last quarter.

Shares of Superior Energy Services, Inc. (SPN) traded down $0.14 during midday trading on Tuesday, hitting $8.81. The company had a trading volume of 2,620,600 shares, compared to its average volume of 4,064,705. The company has a quick ratio of 1.64, a current ratio of 1.99 and a debt-to-equity ratio of 1.15. Superior Energy Services, Inc. has a 12-month low of $7.66 and a 12-month high of $19.28.

Superior Energy Services (NYSE:SPN) last posted its earnings results on Monday, October 23rd. The oil and gas company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.01). The company had revenue of $506.00 million for the quarter, compared to analysts’ expectations of $511.23 million. Superior Energy Services had a negative return on equity of 26.18% and a negative net margin of 24.59%. The firm’s quarterly revenue was up 55.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.73) EPS. analysts anticipate that Superior Energy Services, Inc. will post -1.63 EPS for the current year.

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In related news, Director Peter D. Kinnear bought 20,000 shares of the stock in a transaction on Monday, October 30th. The stock was bought at an average price of $8.52 per share, for a total transaction of $170,400.00. Following the completion of the acquisition, the director now directly owns 64,607 shares in the company, valued at $550,451.64. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.49% of the stock is owned by corporate insiders.

A number of analysts have commented on SPN shares. Barclays PLC set a $12.00 target price on Superior Energy Services and gave the stock a “hold” rating in a report on Wednesday, July 26th. Deutsche Bank AG reissued a “buy” rating and issued a $15.00 target price (down previously from $22.00) on shares of Superior Energy Services in a report on Thursday, July 27th. Jefferies Group LLC set a $13.00 target price on Superior Energy Services and gave the stock a “hold” rating in a report on Thursday, October 5th. Royal Bank Of Canada set a $14.00 target price on Superior Energy Services and gave the stock a “hold” rating in a report on Saturday, October 7th. Finally, Scotiabank set a $22.00 price target on Superior Energy Services and gave the stock a “buy” rating in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. Superior Energy Services has an average rating of “Hold” and an average target price of $13.82.

About Superior Energy Services

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

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