Superior Energy Services, Inc. (NYSE:SPN) to Release Quarterly Earnings on Tuesday
Superior Energy Services, Inc. (NYSE:SPN) will be announcing its earnings results after the market closes on Tuesday, July 25th. Analysts expect the company to announce earnings of ($0.49) per share for the quarter.
Superior Energy Services (NYSE:SPN) last released its earnings results on Tuesday, April 25th. The oil and gas company reported ($0.59) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.61) by $0.02. Superior Energy Services had a negative return on equity of 27.75% and a negative net margin of 62.02%. The business had revenue of $400.94 million for the quarter, compared to analyst estimates of $388.26 million. During the same quarter in the prior year, the company posted ($0.49) earnings per share. Superior Energy Services’s revenue was down 3.0% on a year-over-year basis. On average, analysts expect Superior Energy Services to post $-1.70 EPS for the current fiscal year and $-0.60 EPS for the next fiscal year.
Shares of Superior Energy Services, Inc. (SPN) opened at 10.95 on Tuesday. The company’s market cap is $1.67 billion. Superior Energy Services, Inc. has a 12-month low of $8.99 and a 12-month high of $19.39. The company’s 50-day moving average price is $10.69 and its 200 day moving average price is $14.36.
In other Superior Energy Services news, insider David D. Dunlap bought 45,000 shares of the stock in a transaction on Friday, April 28th. The shares were acquired at an average price of $12.26 per share, with a total value of $551,700.00. Following the acquisition, the insider now directly owns 530,657 shares of the company’s stock, valued at approximately $6,505,854.82. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.91% of the company’s stock.
SPN has been the topic of several recent analyst reports. Jefferies Group LLC reissued a “hold” rating and set a $19.00 target price on shares of Superior Energy Services in a research report on Wednesday, March 22nd. Tudor Pickering initiated coverage on shares of Superior Energy Services in a research report on Thursday, March 23rd. They set a “hold” rating on the stock. Scotiabank set a $22.00 target price on shares of Superior Energy Services and gave the stock a “buy” rating in a research report on Saturday, April 1st. Royal Bank Of Canada reissued a “hold” rating and set a $20.00 target price on shares of Superior Energy Services in a research report on Monday, April 3rd. Finally, BMO Capital Markets reissued a “market perform” rating and set a $16.00 target price on shares of Superior Energy Services in a research report on Wednesday, April 12th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.63.
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About Superior Energy Services
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