Superior Energy Services, Inc. (SPN) Given a $14.00 Price Target at Royal Bank Of Canada

Royal Bank Of Canada set a $14.00 price objective on Superior Energy Services, Inc. (NYSE:SPN) in a report released on Saturday. The firm currently has a hold rating on the oil and gas company’s stock.

Other equities analysts have also recently issued reports about the stock. Jefferies Group LLC reissued a hold rating and issued a $14.00 target price on shares of Superior Energy Services in a research note on Friday, July 14th. Piper Jaffray Companies set a $12.00 target price on shares of Superior Energy Services and gave the company a buy rating in a research note on Wednesday, August 16th. BidaskClub raised shares of Superior Energy Services from a sell rating to a hold rating in a research note on Tuesday, July 18th. Seaport Global Securities reissued a neutral rating on shares of Superior Energy Services in a research note on Wednesday, July 26th. Finally, Loop Capital reissued a buy rating on shares of Superior Energy Services in a research note on Monday, July 3rd. Two equities 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 stock. The stock presently has an average rating of Hold and an average price target of $16.11.

Shares of Superior Energy Services (SPN) traded down 3.84% during mid-day trading on Friday, hitting $10.02. 2,484,804 shares of the stock were exchanged. The firm has a 50-day moving average price of $9.57 and a 200 day moving average price of $10.92. The company’s market capitalization is $1.53 billion. Superior Energy Services has a 12-month low of $7.91 and a 12-month high of $19.39.

Superior Energy Services (NYSE:SPN) last released its 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 net margin of 31.24% and a negative return on equity of 28.82%. The business had revenue of $470.07 million during the quarter, compared to analysts’ expectations of $465.75 million. During the same period last year, the business earned ($3.09) earnings per share. The firm’s revenue was up 31.9% on a year-over-year basis. On average, equities research analysts expect that Superior Energy Services will post ($1.58) earnings per share for the current year.

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Several institutional investors and hedge funds have recently bought and sold shares of the company. Lord Abbett & CO. LLC lifted its holdings in shares of Superior Energy Services by 1.7% during the second quarter. Lord Abbett & CO. LLC now owns 408,500 shares of the oil and gas company’s stock worth $4,261,000 after buying an additional 6,800 shares in the last quarter. Phocas Financial Corp. lifted its holdings in shares of Superior Energy Services by 4.7% during the second quarter. Phocas Financial Corp. now owns 594,698 shares of the oil and gas company’s stock worth $6,203,000 after buying an additional 26,550 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of Superior Energy Services by 29.7% during the second quarter. Ameritas Investment Partners Inc. now owns 58,421 shares of the oil and gas company’s stock worth $609,000 after buying an additional 13,369 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Superior Energy Services during the second quarter worth $116,000. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Superior Energy Services by 21.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 25,878 shares of the oil and gas company’s stock worth $270,000 after buying an additional 4,598 shares in the last quarter.

About Superior Energy Services

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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