Superior Energy Services, Inc. (NYSE:SPN) has been given a $15.00 price target by equities researchers at Piper Jaffray Companies in a note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the oil and gas company’s stock. Piper Jaffray Companies’ price target indicates a potential upside of 32.51% from the stock’s previous close.

A number of other research firms also recently weighed in on SPN. Royal Bank Of Canada restated a “hold” rating and set a $20.00 target price on shares of Superior Energy Services in a research report on Monday, April 3rd. Scotiabank set a $22.00 price objective on Superior Energy Services and gave the company a “buy” rating in a report on Saturday, April 1st. BMO Capital Markets reiterated a “market perform” rating and issued a $16.00 price objective on shares of Superior Energy Services in a report on Wednesday, April 12th. Jefferies Group LLC reiterated a “hold” rating and issued a $19.00 price objective on shares of Superior Energy Services in a report on Tuesday, April 25th. Finally, Nomura set a $13.00 price objective on Superior Energy Services and gave the company a “hold” rating in a report on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $17.50.

Superior Energy Services (NYSE SPN) traded up 5.01% during trading on Tuesday, hitting $11.32. The stock had a trading volume of 7,664,115 shares. Superior Energy Services has a 52 week low of $8.99 and a 52 week high of $19.39. The firm’s market cap is $1.73 billion. The company’s 50-day moving average is $10.44 and its 200 day moving average is $13.50.

Superior Energy Services (NYSE:SPN) last released its earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.07. The company had revenue of $470.07 million during the quarter, compared to the consensus estimate of $465.75 million. Superior Energy Services had a negative return on equity of 27.75% and a negative net margin of 62.02%. The firm’s quarterly revenue was up 31.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($3.09) earnings per share. Equities analysts expect that Superior Energy Services will post ($1.72) EPS for the current fiscal year.

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In other news, insider David D. Dunlap acquired 45,000 shares of Superior Energy Services stock in a transaction dated Friday, April 28th. The stock was bought 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 directly owns 530,657 shares of the company’s stock, valued at $6,505,854.82. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.91% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in Superior Energy Services by 10,301.4% in the first quarter. BlackRock Inc. now owns 23,424,814 shares of the oil and gas company’s stock valued at $334,036,000 after buying an additional 23,199,606 shares in the last quarter. Vanguard Group Inc. boosted its position in Superior Energy Services by 4.7% in the first quarter. Vanguard Group Inc. now owns 12,565,360 shares of the oil and gas company’s stock valued at $179,182,000 after buying an additional 559,398 shares in the last quarter. Victory Capital Management Inc. boosted its position in Superior Energy Services by 8.6% in the first quarter. Victory Capital Management Inc. now owns 9,357,285 shares of the oil and gas company’s stock valued at $133,435,000 after buying an additional 740,857 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Superior Energy Services by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 6,176,984 shares of the oil and gas company’s stock valued at $88,080,000 after buying an additional 207,182 shares in the last quarter. Finally, State Street Corp boosted its position in Superior Energy Services by 1.4% in the first quarter. State Street Corp now owns 4,530,797 shares of the oil and gas company’s stock valued at $64,610,000 after buying an additional 61,293 shares in the last quarter.

About Superior Energy Services

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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