Superior Energy Services (NYSE:SPN) will be issuing its quarterly earnings data after the market closes on Tuesday, July 23rd. Analysts expect the company to announce earnings of ($0.22) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
Superior Energy Services (NYSE:SPN) last issued its earnings results on Tuesday, April 23rd. The oil and gas company reported ($0.31) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.07). The firm had revenue of $467.20 million during the quarter, compared to analyst estimates of $495.35 million. Superior Energy Services had a negative net margin of 40.00% and a negative return on equity of 19.11%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.34) earnings per share. On average, analysts expect Superior Energy Services to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of SPN opened at $0.82 on Monday. The company has a debt-to-equity ratio of 5.18, a quick ratio of 1.76 and a current ratio of 2.12. The company has a 50-day moving average price of $1.36. The firm has a market cap of $127.87 million, a P/E ratio of -0.91 and a beta of 2.31. Superior Energy Services has a one year low of $0.76 and a one year high of $11.14.
Several analysts have recently commented on the company. Wolfe Research upgraded Superior Energy Services from an “underperform” rating to an “outperform” rating and set a $4.00 target price for the company in a research note on Tuesday, June 4th. Citigroup restated a “buy” rating and issued a $25.00 target price on shares of Propetro in a research note on Tuesday, July 2nd. Raymond James set a $8.00 target price on Superior Energy Services and gave the company a “buy” rating in a research note on Wednesday, April 17th. ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Gabelli restated a “buy” rating on shares of T. Rowe Price Group in a research note on Thursday, April 25th. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have issued a buy rating to the stock. Superior Energy Services has an average rating of “Hold” and an average target price of $6.26.
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.
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