Superior Energy Services Rating Reiterated by Deutsche Bank (SPN)
Superior Energy Services (NYSE:SPN)‘s stock had its “buy” rating reiterated by Deutsche Bank in a research note issued on Wednesday. They currently have a $43.00 target price on the stock, up from their previous target price of $39.00. Deutsche Bank’s price target would suggest a potential upside of 19.81% from the stock’s previous close.
Shares of Superior Energy Services (NYSE:SPN) traded up 1.78% on Wednesday, hitting $36.53. 1,033,974 shares of the company’s stock traded hands. Superior Energy Services has a one year low of $22.85 and a one year high of $36.96. The stock has a 50-day moving average of $35.18 and a 200-day moving average of $30.42. The company’s market cap is $5.721 billion.
Superior Energy Services (NYSE:SPN) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was down 2.3% on a year-over-year basis. Analysts expect that Superior Energy Services will post $1.70 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Global Hunter Securities raised their price target on shares of Superior Energy Services from $32.00 to $38.00 in a research note on Wednesday. Separately, analysts at Robert W. Baird initiated coverage on shares of Superior Energy Services in a research note on Tuesday. They set an “outperform” rating and a $44.00 price target on the stock. Finally, analysts at Citigroup Inc. initiated coverage on shares of Superior Energy Services in a research note on Tuesday. They set an “in-line” rating and a $40.00 price target on the stock. Twelve analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $36.62.
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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