Superior Energy Services PT Raised to $31.00 (SPN)
Analysts at Jefferies Group hoisted their target price on shares of Superior Energy Services (NYSE:SPN) to $31.00 in a research report issued to clients and investors on Monday, Analyst Ratings.Net reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target would suggest a potential upside of 7.86% from the stock’s previous close.
Superior Energy Services (NYSE:SPN) opened at 30.65 on Monday. Superior Energy Services has a 52-week low of $22.85 and a 52-week high of $31.41. The stock’s 50-day moving average is $28.95 and its 200-day moving average is $26.56. The company’s market cap is $4.861 billion. Superior Energy Services also saw a large growth in short interest in January. As of March 14th, there was short interest totalling 5,289,021 shares, a growth of 55.9% from the February 28th total of 3,392,616 shares. Currently, 3.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,967,254 shares, the short-interest ratio is currently 2.7 days.
Superior Energy Services (NYSE:SPN) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.30 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.31 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.17 billion. On average, analysts predict that Superior Energy Services will post $1.65 earnings per share for the current fiscal year.
A number of other firms have also recently commented on SPN. Analysts at Citigroup Inc. raised their price target on shares of Superior Energy Services from $30.00 to $34.00 in a research note on Tuesday, March 4th. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Superior Energy Services from $32.00 to $35.00 in a research note on Tuesday, March 4th. Finally, analysts at Guggenheim downgraded shares of Superior Energy Services from a “buy” rating to a “neutral” rating in a research note on Monday, March 3rd. They now have a $32.00 price target on the stock. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Superior Energy Services currently has an average rating of “Buy” and a consensus target price of $32.43.
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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