Superior Energy Services, Inc. (NYSE:SPN) has been given a $12.00 price objective by investment analysts at Barclays PLC in a note issued to investors on Wednesday. The brokerage presently has a “hold” rating on the oil and gas company’s stock. Barclays PLC’s price target indicates a potential upside of 6.01% from the company’s current price.

SPN has been the topic of several other research reports. Instinet reaffirmed a “neutral” rating and issued a $13.00 price target (down previously from $15.00) on shares of Superior Energy Services in a report on Saturday, April 29th. Morgan Stanley downgraded shares of Superior Energy Services from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, June 21st. BidaskClub raised shares of Superior Energy Services from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Deutsche Bank AG reduced their price objective on shares of Superior Energy Services from $26.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, April 28th. Finally, Seaport Global Securities downgraded shares of Superior Energy Services from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $13.00 to $10.00 in a research note on Wednesday, June 21st. 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. Superior Energy Services presently has an average rating of “Hold” and a consensus target price of $17.25.

Superior Energy Services (NYSE:SPN) traded up 0.62% during mid-day trading on Wednesday, reaching $11.39. 2,360,319 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $10.44 and its 200 day moving average is $13.50. Superior Energy Services has a 1-year low of $8.99 and a 1-year high of $19.39. The stock’s market capitalization is $1.74 billion.

Superior Energy Services (NYSE:SPN) last announced its quarterly earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.48) by $0.07. Superior Energy Services had a negative net margin of 31.24% and a negative return on equity of 27.86%. The company had revenue of $470.07 million for the quarter, compared to the consensus estimate of $465.75 million. During the same quarter in the prior year, the firm earned ($3.09) earnings per share. The company’s revenue for the quarter was up 31.9% compared to the same quarter last year. Analysts forecast that Superior Energy Services will post ($1.68) earnings per share for the current fiscal year.

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In other Superior Energy Services news, insider David D. Dunlap acquired 45,000 shares of the company’s stock in a transaction dated Friday, April 28th. The stock was bought at an average price 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.91% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in SPN. NGAM Advisors L.P. raised its stake in Superior Energy Services by 44.8% in the second quarter. NGAM Advisors L.P. now owns 62,819 shares of the oil and gas company’s stock valued at $655,000 after buying an additional 19,427 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its stake in Superior Energy Services by 0.6% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 1,670,456 shares of the oil and gas company’s stock valued at $17,423,000 after buying an additional 9,412 shares during the last quarter. Parkwood LLC raised its stake in Superior Energy Services by 56.6% in the second quarter. Parkwood LLC now owns 126,038 shares of the oil and gas company’s stock valued at $1,315,000 after buying an additional 45,568 shares during the last quarter. ING Groep NV acquired a new stake in Superior Energy Services during the second quarter valued at about $194,000. Finally, Wellington Shields Capital Management LLC raised its stake in Superior Energy Services by 80.5% in the second quarter. Wellington Shields Capital Management LLC now owns 81,810 shares of the oil and gas company’s stock valued at $853,000 after buying an additional 36,480 shares during the last quarter.

Superior Energy Services Company Profile

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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