Superior Energy Services, Inc. (NYSE:SPN) has been assigned a consensus recommendation of “Hold” from the twenty-eight ratings firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $11.81.
A number of equities analysts have recently weighed in on the company. ValuEngine upgraded Superior Energy Services from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Wolfe Research assumed coverage on Superior Energy Services in a research note on Wednesday, October 10th. They set an “underperform” rating on the stock. Cleveland Research lowered Superior Energy Services from a “buy” rating to a “neutral” rating in a research note on Thursday, October 18th. Bank of America assumed coverage on Superior Energy Services in a research note on Wednesday, October 17th. They set a “neutral” rating on the stock. Finally, Royal Bank of Canada set a $15.00 target price on Superior Energy Services and gave the stock a “hold” rating in a research note on Thursday, September 20th.
In other Superior Energy Services news, CFO Westervelt T. Ballard, Jr. bought 4,000 shares of Superior Energy Services stock in a transaction on Wednesday, October 24th. The shares were purchased at an average price of $7.68 per share, with a total value of $30,720.00. Following the acquisition, the chief financial officer now owns 88,004 shares in the company, valued at approximately $675,870.72. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James M. Funk bought 5,000 shares of Superior Energy Services stock in a transaction on Thursday, November 1st. The stock was acquired at an average cost of $7.98 per share, for a total transaction of $39,900.00. Following the acquisition, the director now owns 16,961 shares in the company, valued at approximately $135,348.78. The disclosure for this purchase can be found here. Corporate insiders own 3.81% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Capital Fund Management S.A. boosted its holdings in shares of Superior Energy Services by 2,659.0% in the 2nd quarter. Capital Fund Management S.A. now owns 430,400 shares of the oil and gas company’s stock valued at $4,192,000 after purchasing an additional 414,800 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Superior Energy Services in the 2nd quarter valued at $405,000. Royal Bank of Canada boosted its holdings in shares of Superior Energy Services by 63.3% in the 1st quarter. Royal Bank of Canada now owns 104,247 shares of the oil and gas company’s stock valued at $878,000 after purchasing an additional 40,412 shares in the last quarter. Energy Opportunities Capital Management LLC boosted its holdings in shares of Superior Energy Services by 24.1% in the 2nd quarter. Energy Opportunities Capital Management LLC now owns 528,767 shares of the oil and gas company’s stock valued at $5,150,000 after purchasing an additional 102,685 shares in the last quarter. Finally, United Services Automobile Association boosted its holdings in shares of Superior Energy Services by 1,319.3% during the 2nd quarter. United Services Automobile Association now owns 326,304 shares of the oil and gas company’s stock valued at $14,906,000 after acquiring an additional 303,313 shares in the last quarter.
NYSE:SPN traded up $0.14 on Monday, hitting $6.38. The company’s stock had a trading volume of 2,025,822 shares, compared to its average volume of 4,974,398. The company has a quick ratio of 1.65, a current ratio of 2.03 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $964.27 million, a price-to-earnings ratio of -3.87 and a beta of 2.15. Superior Energy Services has a one year low of $6.19 and a one year high of $12.73.
Superior Energy Services (NYSE:SPN) last released its quarterly earnings data on Monday, October 22nd. The oil and gas company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.02). The business had revenue of $573.07 million during the quarter, compared to the consensus estimate of $563.47 million. Superior Energy Services had a negative net margin of 4.76% and a negative return on equity of 14.06%. Superior Energy Services’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.33) EPS. Equities research analysts expect that Superior Energy Services will post -0.9 EPS for the current year.
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.
Featured Story: How to calculate the annual rate of depreciation
Receive News & Ratings for Superior Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.