Superior Energy Services, Inc. (NYSE:SPN) has been assigned an average recommendation of “Hold” from the twenty-six ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $17.83.

A number of equities research analysts recently issued reports on SPN shares. Barclays PLC reiterated a “buy” rating and issued a $18.00 price objective on shares of Superior Energy Services in a report on Friday, April 28th. Deutsche Bank AG decreased their price target on shares of Superior Energy Services from $26.00 to $22.00 and set a “buy” rating for the company in a report on Friday, April 28th. Scotiabank set a $22.00 price target on shares of Superior Energy Services and gave the company a “buy” rating in a report on Saturday, April 1st. Loop Capital restated a “buy” rating on shares of Superior Energy Services in a report on Monday, July 3rd. Finally, Morgan Stanley restated an “equal weight” rating and set a $14.00 price target (down from $30.00) on shares of Superior Energy Services in a report on Wednesday, June 21st.

Shares of Superior Energy Services (NYSE:SPN) traded up 3.55% on Friday, reaching $11.08. The company had a trading volume of 7,557,332 shares. The stock’s market capitalization is $1.69 billion. Superior Energy Services has a 52-week low of $8.99 and a 52-week high of $19.39. The company has a 50 day moving average price of $10.69 and a 200 day moving average price of $14.36.

Superior Energy Services (NYSE:SPN) last posted its quarterly earnings results on Tuesday, April 25th. The oil and gas company reported ($0.59) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.61) by $0.02. Superior Energy Services had a negative net margin of 62.02% and a negative return on equity of 27.75%. The business had revenue of $400.94 million for the quarter, compared to the consensus estimate of $388.26 million. During the same period in the prior year, the business posted ($0.49) earnings per share. Superior Energy Services’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, equities research analysts anticipate that Superior Energy Services will post ($1.70) earnings per share for the current year.

In other Superior Energy Services news, insider David D. Dunlap acquired 45,000 shares of Superior Energy Services stock in a transaction on Friday, April 28th. The shares were purchased at an average cost of $12.26 per share, with a total value of $551,700.00. Following the completion of the purchase, the insider now owns 530,657 shares in the company, valued at $6,505,854.82. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.91% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. Hermes Investment Management Ltd. boosted its position in shares of Superior Energy Services by 2.9% in the first quarter. Hermes Investment Management Ltd. now owns 1,627,573 shares of the oil and gas company’s stock worth $23,209,000 after buying an additional 45,133 shares in the last quarter. Washington Trust Bank raised its stake in shares of 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 worth $140,000 after buying an additional 1,478 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Superior Energy Services by 2.9% in the first quarter. Louisiana State Employees Retirement System now owns 38,600 shares of the oil and gas company’s stock worth $550,000 after buying an additional 1,100 shares during the last quarter. Capstone Asset Management Co. raised its stake in shares of Superior Energy Services by 4.4% in the first quarter. Capstone Asset Management Co. now owns 13,266 shares of the oil and gas company’s stock worth $189,000 after buying an additional 560 shares during the last quarter. Finally, GW&K Investment Management LLC raised its stake in shares of Superior Energy Services by 24.4% in the first quarter. GW&K Investment Management LLC now owns 497,949 shares of the oil and gas company’s stock worth $7,101,000 after buying an additional 97,775 shares during the last quarter.

WARNING: “Superior Energy Services, Inc. (SPN) Receives Consensus Rating of “Hold” from Brokerages” was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States & international copyright & trademark laws. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/07/14/superior-energy-services-inc-spn-receives-consensus-rating-of-hold-from-brokerages.html.

About Superior Energy Services

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

Receive News & Ratings for Superior Energy Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Energy Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.