Shares of Superior Energy Services, Inc. (NYSE:SPN) have been given a consensus rating of “Hold” by the twenty-three research firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $17.06.

Several brokerages have recently weighed in on SPN. Royal Bank Of Canada set a $20.00 price objective on Superior Energy Services and gave the company a “hold” rating in a report on Saturday, June 24th. BMO Capital Markets restated 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 restated a “hold” rating and issued a $14.00 price objective on shares of Superior Energy Services in a report on Friday, July 14th. BidaskClub upgraded Superior Energy Services from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, Piper Jaffray Companies set a $15.00 price objective on Superior Energy Services and gave the company a “buy” rating in a report on Tuesday, July 25th.

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Shares of Superior Energy Services (NYSE SPN) traded down 5.71% on Tuesday, hitting $9.74. The stock had a trading volume of 2,917,741 shares. The company’s 50-day moving average price is $10.49 and its 200 day moving average price is $13.18. The firm’s market cap is $1.49 billion. Superior Energy Services has a 12-month low of $8.99 and a 12-month high of $19.39.

Superior Energy Services (NYSE:SPN) last announced its quarterly earnings data on Tuesday, July 25th. The oil and gas company reported ($0.41) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.07. The business had revenue of $470.07 million during the quarter, compared to analyst estimates of $465.75 million. Superior Energy Services had a negative return on equity of 28.82% and a negative net margin of 31.24%. The company’s revenue was up 31.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($3.09) earnings per share. On average, equities research analysts forecast that Superior Energy Services will post ($1.57) earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of SPN. Principal Financial Group Inc. raised its position in Superior Energy Services by 7.4% in the second quarter. Principal Financial Group Inc. now owns 643,461 shares of the oil and gas company’s stock valued at $6,711,000 after buying an additional 44,559 shares during the last quarter. Contrarius Investment Management Ltd acquired a new position in Superior Energy Services during the second quarter valued at $3,279,000. Neuberger Berman Group LLC raised its position in Superior Energy Services by 8.1% in the second quarter. Neuberger Berman Group LLC now owns 17,109 shares of the oil and gas company’s stock valued at $178,000 after buying an additional 1,289 shares during the last quarter. Prudential Financial Inc. raised its position in Superior Energy Services by 8.8% in the second quarter. Prudential Financial Inc. now owns 102,653 shares of the oil and gas company’s stock valued at $1,071,000 after buying an additional 8,321 shares during the last quarter. Finally, Winch Advisory Services LLC raised its position in Superior Energy Services by 417.6% in the second quarter. Winch Advisory Services LLC now owns 30,253 shares of the oil and gas company’s stock valued at $316,000 after buying an additional 24,408 shares during the last quarter.

Superior Energy Services Company Profile

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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