Superior Energy Services, Inc. (NYSE:SPN) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Wednesday.

Other equities analysts have also issued research reports about the company. Loop Capital restated a “buy” rating on shares of Superior Energy Services in a research note on Monday, July 3rd. Barclays PLC restated a “buy” rating and issued a $18.00 price target on shares of Superior Energy Services in a research note on Friday, April 28th. Deutsche Bank AG cut their price target on Superior Energy Services from $26.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, April 28th. Piper Jaffray Companies set a $15.00 price target on Superior Energy Services and gave the company a “buy” rating in a research note on Tuesday, July 25th. Finally, Scotiabank set a $22.00 price target on Superior Energy Services and gave the company a “buy” rating in a research note on Thursday, July 27th. Two equities 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 stock. The stock has a consensus rating of “Hold” and a consensus price target of $16.50.

Superior Energy Services (SPN) traded down 0.626% during mid-day trading on Wednesday, reaching $8.725. The company’s stock had a trading volume of 1,558,443 shares. Superior Energy Services has a one year low of $8.54 and a one year high of $19.39. The stock has a 50-day moving average price of $10.36 and a 200-day moving average price of $12.68. The company’s market capitalization is $1.34 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 for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.07. Superior Energy Services had a negative return on equity of 28.82% and a negative net margin of 31.24%. The firm had revenue of $470.07 million during the quarter, compared to analyst estimates of $465.75 million. During the same quarter in the previous year, the business earned ($3.09) EPS. Superior Energy Services’s revenue for the quarter was up 31.9% compared to the same quarter last year. Equities research analysts forecast that Superior Energy Services will post ($1.57) EPS for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Independent Portfolio Consultants Inc. bought a new position in shares of Superior Energy Services during the first quarter valued at $105,000. Flinton Capital Management LLC boosted its position in shares of Superior Energy Services by 9.1% in the first quarter. Flinton Capital Management LLC now owns 8,708 shares of the oil and gas company’s stock valued at $124,000 after buying an additional 728 shares in the last quarter. Washington Trust Bank boosted its position in shares of 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 valued at $140,000 after buying an additional 1,478 shares in the last quarter. Suntrust Banks Inc. bought a new position in shares of Superior Energy Services during the second quarter valued at $108,000. Finally, Neuburgh Advisers LLC boosted its position in shares of Superior Energy Services by 9.1% in the first quarter. Neuburgh Advisers LLC now owns 10,574 shares of the oil and gas company’s stock valued at $151,000 after buying an additional 884 shares in the last quarter.

Superior Energy Services Company Profile

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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