Superior Energy Services Receives Consensus Rating of “Hold” from Brokerages (NYSE:SPN)
Shares of Superior Energy Services (NYSE:SPN) have earned an average recommendation of “Hold” from the twenty brokerages that are currently covering the stock, AmericanBankingNews.com reports. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $36.62.
Superior Energy Services (NYSE:SPN) opened at 36.03 on Tuesday. Superior Energy Services has a 52 week low of $22.85 and a 52 week high of $37.05. The stock’s 50-day moving average is $35.45 and its 200-day moving average is $30.58. The company’s market cap is $5.642 billion.
Superior Energy Services (NYSE:SPN) last issued its quarterly earnings data 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. On average, analysts predict that Superior Energy Services will post $1.71 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, August 20th. Investors of record on Thursday, July 31st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.89%.
SPN has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Superior Energy Services in a research note on Wednesday. They now have a $43.00 price target on the stock, up previously from $39.00. Separately, 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. Finally, 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.
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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