Insider Selling: Enoch L. Dawkins Sells 20,000 Shares of Superior Energy Services Stock (SPN)
Superior Energy Services (NYSE:SPN) Director Enoch L. Dawkins sold 20,000 shares of Superior Energy Services stock on the open market in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $35.67, for a total value of $713,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
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. Eleven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Superior Energy Services has an average rating of “Hold” and a consensus price target of $37.78.
Shares of Superior Energy Services (NYSE:SPN) traded down 0.22% during mid-day trading on Thursday, hitting $35.64. 1,105,831 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’s 50-day moving average is $34.99 and its 200-day moving average is $32.52. The company’s market cap is $5.513 billion.
Superior Energy Services (NYSE:SPN) last released its earnings data on Wednesday, July 30th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, analysts predict that Superior Energy Services will post $1.83 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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