Superior Energy Services Given Average Recommendation of “Hold” by Analysts (NYSE:SPN)
Superior Energy Services (NYSE:SPN) has received a consensus recommendation of “Hold” from the twenty ratings firms that are presently covering the company, Analyst Ratings Network reports. Eleven research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $37.78.
Several analysts have recently commented on the stock. 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.
Shares of Superior Energy Services (NYSE:SPN) opened at 35.64 on Monday. Superior Energy Services has a one year low of $22.85 and a one year high of $37.05. The stock has a 50-day moving average of $34.99 and a 200-day moving average of $32.54. The company’s market cap is $5.513 billion.
Superior Energy Services (NYSE:SPN) last posted its quarterly earnings results 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 EPS for the current fiscal year.
In other Superior Energy Services news, Director Enoch L. Dawkins unloaded 20,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $35.67, for a total value of $713,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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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