Superior Energy Services Lowered to “Neutral” at Capital One Financial Corp. (SPN)
Superior Energy Services (NYSE:SPN) was downgraded by equities research analysts at Capital One Financial Corp. to a “neutral” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports.
Shares of Superior Energy Services (NYSE:SPN) traded down 1.36% during mid-day trading on Monday, hitting $26.93. 370,000 shares of the company’s stock traded hands. Superior Energy Services has a 52 week low of $18.00 and a 52 week high of $29.22. The stock’s 50-day moving average is $25.66 and its 200-day moving average is $26.25. The company has a market cap of $4.297 billion and a price-to-earnings ratio of 14.44.
Superior Energy Services (NYSE:SPN) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.45 by $0.02. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company posted $0.83 earnings per share. The company’s quarterly revenue was down 6.7% on a year-over-year basis.
A number of other firms have also recently commented on SPN. Analysts at Jefferies Group downgraded shares of Superior Energy Services from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, October 16th. They now have a $28.00 price target on the stock, down previously from $32.00. Separately, analysts at Cowen and Company cut their price target on shares of Superior Energy Services from $34.00 to $32.00 in a research note to investors on Tuesday, October 15th. They now have a “buy” rating on the stock. Finally, analysts at Barclays cut their price target on shares of Superior Energy Services from $48.00 to $42.00 in a research note to investors on Tuesday, October 15th. They now have an “overweight” rating on the stock. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $30.61.
Superior Energy Services, Inc is a provider of oilfield services and equipment. The Company offers a variety of products and services throughout the life cycle of an oil and gas well.
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