Superior Energy Services Inc. (NYSE:SPN) shares fell 3.4% during mid-day trading on Tuesday . The stock traded as low as $14.78 and last traded at $14.85, with a volume of 1,142,684 shares traded. The stock had previously closed at $15.38.

Several research firms have issued reports on SPN. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Superior Energy Services in a report on Saturday, June 18th. Scotiabank reaffirmed a “focus stock” rating and set a $25.00 price objective (down previously from $27.00) on shares of Superior Energy Services in a report on Wednesday, July 27th. Citigroup Inc. reduced their price objective on Superior Energy Services from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, July 28th. Howard Weil reduced their price objective on Superior Energy Services from $27.00 to $25.00 and set a “focus stock” rating on the stock in a report on Wednesday, July 27th. Finally, Imperial Capital raised Superior Energy Services from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $15.00 to $23.00 in a report on Friday, July 15th. Eight investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have issued a strong buy rating to the company’s stock. Superior Energy Services presently has a consensus rating of “Buy” and a consensus target price of $16.94.

The stock’s market capitalization is $2.25 billion. The stock’s 50 day moving average is $16.58 and its 200 day moving average is $16.11.

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Superior Energy Services (NYSE:SPN) last released its earnings results on Monday, July 25th. The company reported ($0.53) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.58) by $0.05. The business had revenue of $356.30 million for the quarter, compared to analyst estimates of $367.73 million. Superior Energy Services had a negative net margin of 84.36% and a negative return on equity of 13.55%. Superior Energy Services’s revenue for the quarter was down 49.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.31) earnings per share. Analysts predict that Superior Energy Services Inc. will post ($2.13) earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of Superior Energy Services by 99.2% in the first quarter. JPMorgan Chase & Co. now owns 1,344,305 shares of the company’s stock valued at $18,000,000 after buying an additional 669,377 shares in the last quarter. BlackRock Japan Co. Ltd raised its position in shares of Superior Energy Services by 21.5% in the first quarter. BlackRock Japan Co. Ltd now owns 60,991 shares of the company’s stock valued at $817,000 after buying an additional 10,800 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Superior Energy Services by 1.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,529,128 shares of the company’s stock valued at $60,645,000 after buying an additional 79,760 shares in the last quarter. Hudson Bay Capital Management LP bought a new position in shares of Superior Energy Services during the first quarter valued at $2,273,000. Finally, BlackRock Group LTD raised its position in shares of Superior Energy Services by 10.2% in the first quarter. BlackRock Group LTD now owns 941,383 shares of the company’s stock valued at $12,605,000 after buying an additional 87,383 shares in the last quarter.

Superior Energy Services Company Profile

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