Brokerages Expect Superior Energy Services, Inc. (SPN) to Announce -$0.47 EPS
Brokerages expect Superior Energy Services, Inc. (NYSE:SPN) to report ($0.47) earnings per share (EPS) for the current quarter, according to Zacks. Six analysts have provided estimates for Superior Energy Services’ earnings. The lowest EPS estimate is ($0.57) and the highest is ($0.44). Superior Energy Services posted earnings of ($0.53) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 11.3%. The business is expected to issue its next earnings report after the market closes on Tuesday, July 25th.
According to Zacks, analysts expect that Superior Energy Services will report full-year earnings of ($1.72) per share for the current fiscal year, with EPS estimates ranging from ($1.99) to ($1.45). For the next fiscal year, analysts expect that the firm will post earnings of ($0.63) per share, with EPS estimates ranging from ($1.29) to ($0.29). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Superior Energy Services.
Superior Energy Services (NYSE:SPN) last posted its quarterly earnings data on Tuesday, April 25th. The oil and gas company reported ($0.59) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 27.75% and a negative net margin of 62.02%. The company’s quarterly 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) EPS.
SPN has been the topic of a number of research analyst reports. Morgan Stanley reiterated an “equal weight” rating and issued a $14.00 target price (down previously from $30.00) on shares of Superior Energy Services in a report on Wednesday, June 21st. Barclays PLC reiterated a “buy” rating and issued a $18.00 target price on shares of Superior Energy Services in a report on Friday, April 28th. Nomura set a $13.00 target price on Superior Energy Services and gave the company a “hold” rating in a report on Thursday, April 27th. BMO Capital Markets reduced their target price on Superior Energy Services from $16.00 to $15.00 and set a “market perform” rating on the stock in a report on Tuesday, May 2nd. Finally, Instinet reiterated a “neutral” rating and issued a $13.00 target price (down previously from $15.00) on shares of Superior Energy Services in a report on Saturday, April 29th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $17.63.
Shares of Superior Energy Services (NYSE:SPN) opened at 10.64 on Monday. Superior Energy Services has a 12-month low of $8.99 and a 12-month high of $19.39. The company has a 50 day moving average price of $10.43 and a 200 day moving average price of $13.72. The stock’s market cap is $1.63 billion.
In other Superior Energy Services news, insider David D. Dunlap bought 45,000 shares of the company’s stock in a transaction dated Friday, April 28th. The shares were acquired at an average cost of $12.26 per share, with a total value of $551,700.00. Following the completion of the transaction, 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 available through this hyperlink. 2.91% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in SPN. Independent Portfolio Consultants Inc. acquired a new stake in shares of Superior Energy Services during the first quarter worth about $105,000. Washington Trust Bank raised its stake in shares of Superior Energy Services by 10.1% in the second quarter. Washington Trust Bank now owns 10,800 shares of the oil and gas company’s stock worth $113,000 after buying an additional 990 shares during the last quarter. Oakbrook Investments LLC acquired a new stake in shares of Superior Energy Services during the second quarter worth about $118,000. Flinton Capital Management LLC raised its stake in shares of Superior Energy Services by 9.1% in the first quarter. Flinton Capital Management LLC now owns 8,708 shares of the oil and gas company’s stock worth $124,000 after buying an additional 728 shares during the last quarter. Finally, LS Investment Advisors LLC raised its stake in shares of Superior Energy Services by 20.9% in the second quarter. LS Investment Advisors LLC now owns 12,442 shares of the oil and gas company’s stock worth $130,000 after buying an additional 2,155 shares during the last quarter.
About Superior Energy Services
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