Superior Energy Services (NYSE:SPN) – Stock analysts at Jefferies Group reduced their FY2020 earnings per share estimates for shares of Superior Energy Services in a research report issued on Wednesday, April 25th. Jefferies Group analyst E. Royes now forecasts that the oil and gas company will earn $0.85 per share for the year, down from their prior estimate of $0.90. Jefferies Group currently has a “Hold” rating and a $11.00 target price on the stock.

Several other research firms have also recently weighed in on SPN. Stephens began coverage on shares of Superior Energy Services in a research report on Tuesday, January 9th. They set an “equal weight” rating and a $12.00 price objective for the company. BMO Capital Markets reiterated a “hold” rating and set a $10.00 price objective on shares of Superior Energy Services in a research report on Tuesday, January 16th. Scotiabank cut shares of Superior Energy Services to a “hold” rating in a report on Thursday, January 11th. Scotia Howard Weill restated a “sector perform” rating on shares of Superior Energy Services in a report on Friday, January 12th. Finally, Howard Weil cut shares of Superior Energy Services from a “sector outperform” rating to a “sector perform” rating in a report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $13.31.

SPN opened at $10.78 on Friday. Superior Energy Services has a twelve month low of $7.66 and a twelve month high of $12.84. The company has a current ratio of 1.86, a quick ratio of 1.67 and a debt-to-equity ratio of 1.19.

Superior Energy Services (NYSE:SPN) last posted its quarterly earnings data on Tuesday, April 24th. The oil and gas company reported ($0.34) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.35) by $0.01. Superior Energy Services had a negative net margin of 8.90% and a negative return on equity of 19.29%. The company had revenue of $482.32 million during the quarter, compared to analysts’ expectations of $494.41 million. During the same period in the prior year, the company posted ($0.59) earnings per share. Superior Energy Services’s revenue for the quarter was up 20.3% compared to the same quarter last year.

In other Superior Energy Services news, CEO David D. Dunlap acquired 30,000 shares of the company’s stock in a transaction on Thursday, April 26th. The shares were purchased at an average cost of $10.89 per share, with a total value of $326,700.00. Following the completion of the purchase, the chief executive officer now owns 660,414 shares of the company’s stock, valued at $7,191,908.46. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.91% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC lifted its stake in shares of Superior Energy Services by 13.0% in the fourth quarter. Virtu Financial LLC now owns 52,421 shares of the oil and gas company’s stock valued at $505,000 after buying an additional 6,035 shares in the last quarter. Flinton Capital Management LLC lifted its stake in shares of Superior Energy Services by 36.7% in the fourth quarter. Flinton Capital Management LLC now owns 23,576 shares of the oil and gas company’s stock valued at $227,000 after buying an additional 6,328 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Superior Energy Services by 23.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 33,737 shares of the oil and gas company’s stock valued at $325,000 after buying an additional 6,421 shares in the last quarter. GSA Capital Partners LLP lifted its stake in shares of Superior Energy Services by 52.1% in the third quarter. GSA Capital Partners LLP now owns 24,381 shares of the oil and gas company’s stock valued at $260,000 after buying an additional 8,348 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Superior Energy Services by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,250,454 shares of the oil and gas company’s stock valued at $12,041,000 after buying an additional 9,118 shares in the last quarter.

About Superior Energy Services

Superior Energy Services, Inc provides oilfield services and equipment to oil and natural gas exploration and production companies in the United States, the Gulf of Mexico, and internationally. The company operates in four segments: Drilling Products and Services, Onshore Completion and Workover Services, Production Services, and Technical Solutions.

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

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