Superior Energy Services, Inc. (NYSE:SPN) received a $12.00 price objective from research analysts at Piper Jaffray Companies in a note issued to investors on Wednesday. The firm presently has a “buy” rating on the oil and gas company’s stock. Piper Jaffray Companies’ target price indicates a potential upside of 39.70% from the company’s previous close.

A number of other analysts have also weighed in on SPN. Royal Bank Of Canada set a $20.00 price objective on shares of Superior Energy Services and gave the stock a “hold” rating in a research note on Saturday, June 24th. BidaskClub lowered shares of Superior Energy Services from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Jefferies Group LLC reaffirmed a “hold” rating and issued a $14.00 price objective on shares of Superior Energy Services in a research note on Friday, July 14th. Seaport Global Securities lowered shares of Superior Energy Services from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $13.00 to $10.00 in a research note on Wednesday, June 21st. Finally, Loop Capital reaffirmed a “buy” rating on shares of Superior Energy Services in a research note on Monday, July 3rd. Two equities research 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 company presently has a consensus rating of “Hold” and an average target price of $16.33.

Shares of Superior Energy Services (SPN) traded down 0.81% during trading on Wednesday, hitting $8.52. 1,246,485 shares of the stock were exchanged. The firm has a 50 day moving average of $10.33 and a 200-day moving average of $12.65. The stock’s market cap is $1.30 billion. Superior Energy Services has a 52-week low of $8.44 and a 52-week high of $19.39.

Superior Energy Services (NYSE:SPN) last released its quarterly earnings data on Tuesday, July 25th. The oil and gas company reported ($0.41) earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $470.07 million during the quarter, compared to analyst estimates of $465.75 million. During the same period in the prior year, the firm earned ($3.09) earnings per share. The firm’s revenue for the quarter was up 31.9% compared to the same quarter last year. Equities research analysts anticipate that Superior Energy Services will post ($1.57) earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Superior Energy Services, Inc. (SPN) PT Set at $12.00 by Piper Jaffray Companies” was originally published by American Banking News and is the property of of American Banking News. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://www.americanbankingnews.com/2017/08/17/superior-energy-services-inc-spn-pt-set-at-12-00-by-piper-jaffray-companies.html.

Several institutional investors have recently bought and sold shares of the stock. State of Tennessee Treasury Department increased its position in Superior Energy Services by 66.7% in the first quarter. State of Tennessee Treasury Department now owns 150,000 shares of the oil and gas company’s stock valued at $2,139,000 after buying an additional 60,000 shares during the period. Liberty Mutual Group Asset Management Inc. increased its position in Superior Energy Services by 1.8% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 68,737 shares of the oil and gas company’s stock valued at $980,000 after buying an additional 1,192 shares during the period. Virginia Retirement Systems ET AL increased its position in Superior Energy Services by 16.4% in the first quarter. Virginia Retirement Systems ET AL now owns 28,051 shares of the oil and gas company’s stock valued at $400,000 after buying an additional 3,951 shares during the period. Vanguard Group Inc. increased 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 during the period. Finally, Canada Pension Plan Investment Board increased its position in Superior Energy Services by 26.7% in the first quarter. Canada Pension Plan Investment Board now owns 179,100 shares of the oil and gas company’s stock valued at $2,554,000 after buying an additional 37,700 shares during the period.

About Superior Energy Services

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

Receive News & Ratings for Superior Energy Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Energy Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.