Superior Energy Services Receives Consensus Recommendation of “Hold” from Analysts (NYSE:SPN)
Superior Energy Services (NYSE:SPN) has earned an average rating of “Hold” from the twenty analysts that are covering the company, StockRatingsNetwork reports. Eleven analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $37.78.
Shares of Superior Energy Services (NYSE:SPN) traded up 0.09% during mid-day trading on Monday, hitting $34.69. 100,010 shares of the company’s stock traded hands. Superior Energy Services has a 52-week low of $22.85 and a 52-week high of $37.05. The stock has a 50-day moving average of $34.97 and a 200-day moving average of $32.21. The company’s market cap is $5.366 billion.
Superior Energy Services (NYSE:SPN) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.41 by $0.09. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. Analysts expect that Superior Energy Services will post $1.83 EPS for the current fiscal year.
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 Friday, August 1st. They now have a $43.00 price target on the stock. Separately, analysts at Raymond James reiterated a “strong-buy” rating on shares of Superior Energy Services in a research note on Friday, August 1st. They now have a $43.00 price target on the stock, up previously from $42.50. Finally, analysts at Cowen and Company raised their price target on shares of Superior Energy Services from $35.00 to $37.00 in a research note on Friday, August 1st. They now have a “market perform” rating 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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