Superior Energy Services, Inc. (SPN) Given Consensus Recommendation of “Buy” by Brokerages
Superior Energy Services, Inc. (NYSE:SPN) has earned a consensus recommendation of “Buy” from the twenty-four research firms that are covering the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $19.61.
Several equities analysts have recently commented on the company. Nomura set a $13.00 target price on Superior Energy Services and gave the company a “hold” rating in a research report on Thursday, April 27th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $19.00 target price on shares of Superior Energy Services in a research report on Tuesday, April 25th. BMO Capital Markets decreased their target price on Superior Energy Services from $16.00 to $15.00 and set a “market perform” rating on the stock in a research report on Tuesday, May 2nd. Deutsche Bank AG decreased their target price on Superior Energy Services from $26.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, April 28th. Finally, Morgan Stanley upped their target price on Superior Energy Services from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Tuesday, January 31st.
In other Superior Energy Services news, insider David D. Dunlap bought 45,000 shares of the business’s stock in a transaction on Friday, April 28th. The stock was purchased at an average cost of $12.26 per share, for a total transaction of $551,700.00. Following the completion of the purchase, the insider now directly owns 530,657 shares of the company’s stock, valued at $6,505,854.82. The acquisition was disclosed in a filing with the SEC, which is available at this link. 2.91% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the company. Tyers Asset Management LLC acquired a new stake in Superior Energy Services during the fourth quarter valued at $106,000. Independent Portfolio Consultants Inc. acquired a new stake in Superior Energy Services during the first quarter valued at $105,000. Flinton Capital Management LLC acquired a new stake in Superior Energy Services during the fourth quarter valued at $135,000. Washington Trust Bank boosted its stake in Superior Energy Services by 17.7% in the first quarter. Washington Trust Bank now owns 9,810 shares of the oil and gas company’s stock valued at $140,000 after buying an additional 1,478 shares during the last quarter. Finally, Neuburgh Advisers LLC boosted its stake in Superior Energy Services by 9.1% in the first quarter. Neuburgh Advisers LLC now owns 10,574 shares of the oil and gas company’s stock valued at $151,000 after buying an additional 884 shares during the last quarter.
Superior Energy Services (NYSE:SPN) traded up 0.17% during mid-day trading on Tuesday, reaching $12.13. The company’s stock had a trading volume of 4,573,470 shares. Superior Energy Services has a 52-week low of $10.45 and a 52-week high of $19.83. The stock’s market cap is $1.85 billion. The company has a 50 day moving average of $12.58 and a 200-day moving average of $15.47.
Superior Energy Services (NYSE:SPN) last announced its quarterly earnings results on Tuesday, April 25th. The oil and gas company reported ($0.59) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.61) by $0.02. The firm had revenue of $400.94 million for the quarter, compared to the consensus estimate of $388.26 million. Superior Energy Services had a negative return on equity of 17.51% and a negative net margin of 55.65%. The business’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.49) earnings per share. Equities analysts forecast that Superior Energy Services will post ($1.74) earnings per share for the current year.
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Superior Energy Services Company Profile
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