Superior Energy Services, Inc. (NYSE:SPN) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 27,869,741 shares, a growth of 20.2% from the June 15th total of 23,193,237 shares. Approximately 18.7% of the shares of the company are sold short. Based on an average trading volume of 5,823,021 shares, the short-interest ratio is currently 4.8 days.

Several research analysts have weighed in on SPN shares. Tudor Pickering started coverage on shares of Superior Energy Services in a research report on Thursday, March 23rd. They issued a “hold” rating on the stock. Instinet reiterated a “neutral” rating and issued a $13.00 price target (down from $15.00) on shares of Superior Energy Services in a research report on Saturday, April 29th. BidaskClub upgraded shares of Superior Energy Services from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Deutsche Bank AG decreased their price target on shares of 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, Barclays PLC reiterated a “buy” rating and issued a $18.00 price target on shares of Superior Energy Services in a research report on Friday, April 28th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $17.63.

In other Superior Energy Services news, insider David D. Dunlap purchased 45,000 shares of the firm’s stock in a transaction on Friday, April 28th. The shares were acquired at an average cost of $12.26 per share, for a total transaction of $551,700.00. Following the completion of the transaction, the insider now 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 accessible through the SEC website. 2.91% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its stake in Superior Energy Services by 4.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 55,468 shares of the oil and gas company’s stock valued at $579,000 after buying an additional 2,354 shares during the last quarter. Creative Planning boosted its stake in Superior Energy Services by 9,994.5% in the second quarter. Creative Planning now owns 219,657 shares of the oil and gas company’s stock valued at $2,291,000 after buying an additional 217,481 shares during the last quarter. GW&K Investment Management LLC boosted its stake in Superior Energy Services by 23.2% in the second quarter. GW&K Investment Management LLC now owns 613,372 shares of the oil and gas company’s stock valued at $6,397,000 after buying an additional 115,423 shares during the last quarter. Private Asset Management Inc. boosted its stake in Superior Energy Services by 9.2% in the second quarter. Private Asset Management Inc. now owns 127,954 shares of the oil and gas company’s stock valued at $1,335,000 after buying an additional 10,804 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in Superior Energy Services by 129.8% in the first quarter. Nuveen Asset Management LLC now owns 1,620,374 shares of the oil and gas company’s stock valued at $23,107,000 after buying an additional 915,253 shares during the last quarter.

Shares of Superior Energy Services (NYSE:SPN) opened at 10.95 on Tuesday. The firm has a 50-day moving average of $10.69 and a 200-day moving average of $14.36. The company’s market capitalization is $1.67 billion. Superior Energy Services has a one year low of $8.99 and a one year high of $19.39.

Superior Energy Services (NYSE:SPN) last released its quarterly earnings data on Tuesday, April 25th. The oil and gas company reported ($0.59) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $400.94 million during the quarter, compared to analysts’ expectations of $388.26 million. During the same period last year, the business earned ($0.49) earnings per share. Superior Energy Services’s revenue was down 3.0% compared to the same quarter last year. Analysts forecast that Superior Energy Services will post ($1.70) earnings per share for the current year.

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Superior Energy Services Company Profile

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