Superior Energy Services (SPN) Announces Quarterly Results
Superior Energy Services (NYSE:SPN) released its earnings data on Tuesday. The company reported $0.30 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.31 by $0.01, Analyst Ratings.Net reports. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.17 billion.
Shares of Superior Energy Services (NYSE:SPN) traded up 0.70% on Tuesday, hitting $28.95. The stock had a trading volume of 3,738,951 shares. Superior Energy Services has a 52-week low of $22.85 and a 52-week high of $29.41. The stock has a 50-day moving average of $25.28 and a 200-day moving average of $25.76. The company has a market cap of $4.617 billion and a P/E ratio of 16.51.
A number of research firms have recently commented on SPN. Analysts at Raymond James upgraded shares of Superior Energy Services from an “outperform” rating to a “strong-buy” rating in a research note on Monday. They now have a $35.50 price target on the stock, up previously from $30.00. On a related note, analysts at Wells Fargo & Co. downgraded shares of Superior Energy Services from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 22nd. Finally, analysts at Cowen and Company downgraded shares of Superior Energy Services from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 7th. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $32.03.
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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