BMO Capital Markets reissued their hold rating on shares of Superior Energy Services (NYSE:SPN) in a report issued on Tuesday. BMO Capital Markets currently has a $10.00 target price on the oil and gas company’s stock.

SPN has been the subject of several other reports. Deutsche Bank began coverage on Superior Energy Services in a research note on Tuesday, October 10th. They set a buy rating and a $15.00 price objective for the company. Howard Weil lowered Superior Energy Services from a sector outperform rating to a sector perform rating in a research note on Friday, January 12th. Zacks Investment Research raised Superior Energy Services from a hold rating to a buy rating and set a $11.00 price objective for the company in a research note on Tuesday, January 2nd. Susquehanna Bancshares raised Superior Energy Services from a neutral rating to a positive rating and raised their price objective for the stock from $9.00 to $15.00 in a research note on Friday, January 5th. Finally, SunTrust Banks raised Superior Energy Services from a hold rating to a buy rating and set a $20.00 price objective for the company in a research note on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the company. Superior Energy Services has a consensus rating of Hold and a consensus target price of $12.78.

Superior Energy Services (NYSE:SPN) traded up $0.04 on Tuesday, hitting $10.82. The stock had a trading volume of 3,159,536 shares, compared to its average volume of 4,319,500. The company has a market cap of $1,650.00, a price-to-earnings ratio of -4.40 and a beta of 2.16. The company has a current ratio of 1.99, a quick ratio of 1.64 and a debt-to-equity ratio of 1.15. Superior Energy Services has a 1-year low of $7.66 and a 1-year high of $18.81.

Superior Energy Services (NYSE:SPN) last released its quarterly earnings data on Monday, October 23rd. The oil and gas company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.01). The company had revenue of $506.00 million for the quarter, compared to the consensus estimate 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 business’s revenue was up 55.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.73) earnings per share. equities research analysts expect that Superior Energy Services will post -1.64 EPS for the current fiscal year.

In other Superior Energy Services news, Director Peter D. Kinnear bought 20,000 shares of Superior Energy Services stock in a transaction dated 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 of the company’s stock, valued at $550,451.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.91% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Balyasny Asset Management LLC raised its holdings in shares of Superior Energy Services by 535.0% during the second quarter. Balyasny Asset Management LLC now owns 3,008,663 shares of the oil and gas company’s stock worth $31,380,000 after acquiring an additional 2,534,833 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Superior Energy Services by 33.9% during the second quarter. Dimensional Fund Advisors LP now owns 8,272,972 shares of the oil and gas company’s stock worth $86,287,000 after acquiring an additional 2,095,988 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Superior Energy Services by 43.6% during the third 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 acquiring an additional 1,437,552 shares in the last quarter. GMT Capital Corp raised its holdings in shares of Superior Energy Services by 96.9% during the second quarter. GMT Capital Corp now owns 2,757,830 shares of the oil and gas company’s stock worth $27,358,000 after acquiring an additional 1,357,300 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Superior Energy Services by 29.5% during the second quarter. State Street Corp now owns 5,866,537 shares of the oil and gas company’s stock worth $61,185,000 after acquiring an additional 1,335,740 shares in the last quarter.

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Superior Energy Services Company Profile

Superior Energy Services, Inc provides a range of services and products to the energy industry related to the exploration, development and production of oil and natural gas. The Company’s segments include Drilling Products and Services, which rents and sells bottom hole assemblies, drill pipe, tubulars and specialized equipment for use with onshore and offshore oil and gas well drilling, production and workover activities; Onshore Completion and Workover Services, which provides pressure pumping services used to complete and stimulate production in new oil and gas wells, fluid handling services and well servicing rigs that provide a range of well completion and maintenance services; Production Services, which provides intervention services, such as coiled tubing, cased hole and mechanical wireline, hydraulic workover and snubbing, and remedial pumping services, and Technical Solutions, which provides services requiring specialized engineering, manufacturing or project planning.

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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