Superior Energy Services Receives Average Rating of “Hold” from Analysts (NYSE:SPN)
Shares of Superior Energy Services (NYSE:SPN) have earned a consensus recommendation of “Hold” from the nineteen analysts that are presently covering the company, Analyst RN reports. Eleven analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $35.33.
Several analysts have recently commented on the stock. Analysts at Imperial Capital initiated coverage on shares of Superior Energy Services in a research note on Monday. They set an “in-line” rating and a $40.00 price target on the stock. Separately, 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. Finally, 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.
Superior Energy Services (NYSE:SPN) traded down 1.16% during mid-day trading on Tuesday, hitting $35.77. 481,228 shares of the company’s stock traded hands. Superior Energy Services has a 1-year low of $22.85 and a 1-year high of $36.96. The stock’s 50-day moving average is $35.16 and its 200-day moving average is $30.3. The company’s market cap is $5.602 billion.
Superior Energy Services (NYSE:SPN) last announced its earnings results on Thursday, April 24th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.40 earnings per share. Superior Energy Services’s revenue was down 2.3% compared to the same quarter last year. Analysts expect that Superior Energy Services will post $1.70 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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