Superior Energy Services Now Covered by Analysts at Imperial Capital (SPN)
Stock analysts at Imperial Capital began coverage on shares of Superior Energy Services (NYSE:SPN) in a report issued on Monday, TheFlyOnTheWall.com reports. The firm set an “in-line” rating and a $40.00 price target on the stock. Imperial Capital’s target price points to a potential upside of 10.53% from the stock’s previous close.
A number of other analysts have also recently weighed in on SPN. 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. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Superior Energy Services has an average rating of “Hold” and an average price target of $35.33.
Superior Energy Services (NYSE:SPN) traded up 2.32% during mid-day trading on Monday, hitting $36.19. The stock had a trading volume of 1,357,893 shares. Superior Energy Services has a 52-week low of $22.85 and a 52-week high of $36.96. The stock’s 50-day moving average is $35.07 and its 200-day moving average is $30.2. The company’s market cap is $5.667 billion.
Superior Energy Services (NYSE:SPN) last announced its earnings results 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. On average, analysts predict that Superior Energy Services will post $1.70 earnings per share 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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