Superior Energy Services Reaches New 1-Year High at $33.90 (SPN)
Shares of Superior Energy Services (NYSE:SPN) hit a new 52-week high during trading on Thursday , AnalystRatingsNetwork reports. The company traded as high as $33.90 and last traded at $33.80, with a volume of 449,244 shares traded. The stock had previously closed at $33.55.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. raised their price target on shares of Superior Energy Services from $34.00 to $38.00 in a research note on Tuesday, May 6th. They now have a “buy” rating on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Superior Energy Services from $30.00 to $33.00 in a research note on Tuesday, April 29th. They now have a “hold” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Superior Energy Services from $35.00 to $40.00 in a research note on Monday, April 28th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $34.99.
The stock has a 50-day moving average of $32.66 and a 200-day moving average of $28.37. The company’s market cap is $5.288 billion.
Superior Energy Services (NYSE:SPN) last released its earnings data on Thursday, April 24th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.06. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. Analysts expect that Superior Energy Services will post $1.71 EPS for the current fiscal year.
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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