Equities research analysts forecast that Superior Energy Services, Inc. (NYSE:SPN) will report sales of $517.17 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Superior Energy Services’ earnings, with estimates ranging from $485.00 million to $542.00 million. Superior Energy Services posted sales of $326.23 million during the same quarter last year, which suggests a positive year over year growth rate of 58.5%. The company is scheduled to announce its next quarterly earnings report on Monday, October 23rd.

On average, analysts expect that Superior Energy Services will report full year sales of $517.17 million for the current fiscal year, with estimates ranging from $1.85 billion to $2.00 billion. For the next fiscal year, analysts forecast that the firm will report sales of $2.47 billion per share, with estimates ranging from $2.22 billion to $2.71 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Superior Energy Services.

Superior Energy Services (NYSE:SPN) last released its quarterly earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.48) by $0.07. The business had revenue of $470.07 million for the quarter, compared to analyst estimates of $465.75 million. Superior Energy Services had a negative net margin of 62.02% and a negative return on equity of 27.75%. The business’s revenue for the quarter was up 31.9% on a year-over-year basis. During the same period in the previous year, the company earned ($3.09) earnings per share.

SPN has been the subject of a number of recent analyst reports. Morgan Stanley downgraded shares of Superior Energy Services from an “overweight” rating to an “equal weight” rating in a report on Wednesday, June 21st. Royal Bank Of Canada set a $20.00 price objective on shares of Superior Energy Services and gave the stock a “hold” rating in a research note on Saturday, June 24th. Jefferies Group LLC reiterated a “hold” rating and set a $14.00 price objective on shares of Superior Energy Services in a research note on Friday, July 14th. BidaskClub upgraded shares of Superior Energy Services from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Barclays PLC restated a “buy” rating and issued a $18.00 target price on shares of Superior Energy Services in a research note on Friday, April 28th. 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’s stock. The company has an average rating of “Hold” and a consensus price target of $17.63.

In related news, insider David D. Dunlap acquired 45,000 shares of the company’s stock in a transaction dated Friday, April 28th. The shares were bought at an average price of $12.26 per share, for a total transaction of $551,700.00. Following the purchase, the insider now directly owns 530,657 shares in the company, valued at approximately $6,505,854.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.91% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Ferguson Wellman Capital Management Inc. boosted its stake in shares of Superior Energy Services by 5.0% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 1,661,044 shares of the oil and gas company’s stock worth $23,686,000 after buying an additional 78,623 shares in the last quarter. Nationwide Fund Advisors raised its position in Superior Energy Services by 2.7% in the first quarter. Nationwide Fund Advisors now owns 282,717 shares of the oil and gas company’s stock worth $4,032,000 after buying an additional 7,338 shares during the last quarter. Retirement Systems of Alabama raised its position in Superior Energy Services by 111.8% in the first quarter. Retirement Systems of Alabama now owns 415,007 shares of the oil and gas company’s stock worth $5,918,000 after buying an additional 219,058 shares during the last quarter. Hermes Investment Management Ltd. raised its position in 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 during the last quarter. Finally, Washington Trust Bank raised its position 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 worth $140,000 after buying an additional 1,478 shares during the last quarter.

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Superior Energy Services (NYSE:SPN) traded up 3.90% during trading on Wednesday, hitting $11.20. 4,673,294 shares of the company were exchanged. The company has a 50-day moving average of $10.44 and a 200-day moving average of $13.57. Superior Energy Services has a 12 month low of $8.99 and a 12 month high of $19.39. The company’s market capitalization is $1.71 billion.

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Earnings History and Estimates for Superior Energy Services (NYSE:SPN)

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