Superior Energy Services (SPN) to Release Quarterly Earnings on Thursday
Superior Energy Services (NYSE:SPN) is scheduled to announce its Q114 earnings results on Thursday, April 24th. Analysts expect the company to announce earnings of $0.21 per share and revenue of $1.11 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
Superior Energy Services (NYSE:SPN) last posted its quarterly earnings results 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 expect Superior Energy Services to post $1.63 EPS for the current fiscal year and $2.40 EPS for the next fiscal year.
Shares of Superior Energy Services (NYSE:SPN) opened at 32.55 on Wednesday. Superior Energy Services has a 52 week low of $22.85 and a 52 week high of $32.91. The stock’s 50-day moving average is $29.90 and its 200-day moving average is $27.00. The company’s market cap is $5.163 billion.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, May 21st. Investors of record on Wednesday, April 30th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Monday, April 28th.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Superior Energy Services from $37.00 to $42.00 in a research note on Wednesday, April 16th. They now have an “overweight” rating on the stock. On the ratings front, analysts at Morgan Stanley downgraded shares of Superior Energy Services from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, April 16th. They now have a $32.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of Superior Energy Services from $31.00 to $33.00 in a research note on Wednesday, April 9th. They now have a “sector perform” rating on the stock. Ten equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Superior Energy Services currently has an average rating of “Hold” and a consensus target price of $33.09.
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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