Superior Energy Services, Inc. (NYSE:SPN) has been given a $22.00 target price by equities research analysts at Scotiabank in a research report issued on Thursday. The firm currently has a “buy” rating on the oil and gas company’s stock. Scotiabank’s price objective points to a potential upside of 91.47% from the company’s current price.

Other research analysts have also issued reports about the stock. Barclays PLC reaffirmed a “buy” rating and issued a $18.00 price target on shares of Superior Energy Services in a report on Friday, April 28th. Deutsche Bank AG decreased their price target on shares of Superior Energy Services from $26.00 to $22.00 and set a “buy” rating for the company in a report on Friday, April 28th. Loop Capital reissued a “buy” rating on shares of Superior Energy Services in a research note on Monday, July 3rd. Piper Jaffray Companies set a $15.00 target price on shares of Superior Energy Services and gave the company a “buy” rating in a research note on Tuesday. Finally, Morgan Stanley reissued an “equal weight” rating and set a $14.00 target price (down from $30.00) on shares of Superior Energy Services in a research note on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $16.56.

Shares of Superior Energy Services (SPN) traded up 0.87% during midday trading on Thursday, hitting $11.59. 1,124,209 shares of the stock traded hands. The firm has a 50-day moving average price of $10.48 and a 200 day moving average price of $13.48. Superior Energy Services has a one year low of $8.99 and a one year high of $19.39. The stock’s market cap is $1.77 billion.

Superior Energy Services (NYSE:SPN) last posted its quarterly earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) EPS for the quarter, beating the Thomson Reuters’ 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 28.82%. The business had revenue of $470.07 million during the quarter, compared to analyst estimates of $465.75 million. During the same period in the previous year, the business posted ($3.09) EPS. The company’s quarterly revenue was up 31.9% on a year-over-year basis. Analysts anticipate that Superior Energy Services will post ($1.60) earnings per share for the current year.

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Hedge funds have recently added to or reduced their stakes in the company. Ferguson Wellman Capital Management Inc. increased its stake in 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 during the last quarter. Nationwide Fund Advisors increased its stake 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 increased its stake 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. increased its stake 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 increased its stake 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.

Superior Energy Services Company Profile

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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