Wall Street analysts forecast that Superior Energy Services, Inc. (NYSE:SPN) will report earnings of ($0.31) per share for the current quarter, Zacks reports. Seven analysts have made estimates for Superior Energy Services’ earnings, with the lowest EPS estimate coming in at ($0.35) and the highest estimate coming in at ($0.26). Superior Energy Services posted earnings per share of ($0.73) in the same quarter last year, which would indicate a positive year over year growth rate of 57.5%. The company is scheduled to report its next quarterly earnings report on Monday, October 23rd.

According to Zacks, analysts expect that Superior Energy Services will report full-year earnings of ($1.56) per share for the current financial year, with EPS estimates ranging from ($1.69) to ($1.46). For the next financial year, analysts forecast that the company will report earnings of ($0.66) per share, with EPS estimates ranging from ($1.13) to ($0.15). Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Superior Energy Services.

Superior Energy Services (NYSE:SPN) last posted 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. The company had revenue of $470.07 million during the quarter, compared to analysts’ expectations of $465.75 million. Superior Energy Services had a negative net margin of 31.24% and a negative return on equity of 28.82%. The firm’s revenue for the quarter was up 31.9% on a year-over-year basis. During the same period in the prior year, the business posted ($3.09) earnings per share.

SPN has been the subject of several research reports. Jefferies Group LLC set a $14.00 price target on Superior Energy Services and gave the stock a “hold” rating in a research note on Tuesday, June 6th. BidaskClub raised Superior Energy Services from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Morgan Stanley reaffirmed an “equal weight” rating and set a $14.00 price target (down previously from $30.00) on shares of Superior Energy Services in a research note on Wednesday, June 21st. Seaport Global Securities downgraded Superior Energy Services from a “buy” rating to a “neutral” rating and cut their price target for the stock from $13.00 to $10.00 in a research note on Wednesday, June 21st. Finally, Royal Bank Of Canada set a $20.00 price target on Superior Energy Services and gave the stock a “hold” rating in a research note on Saturday, June 24th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company. Superior Energy Services currently has a consensus rating of “Hold” and an average target price of $16.33.

Shares of Superior Energy Services (NYSE:SPN) opened at 10.02 on Friday. Superior Energy Services has a 12 month low of $7.91 and a 12 month high of $19.39. The stock has a 50 day moving average of $9.20 and a 200-day moving average of $11.40. The firm’s market capitalization is $1.53 billion.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Flinton Capital Management LLC increased its stake in shares of Superior Energy Services by 9.1% during the 1st quarter. Flinton Capital Management LLC now owns 8,708 shares of the oil and gas company’s stock valued at $124,000 after acquiring an additional 728 shares during the last quarter. Suntrust Banks Inc. acquired a new position in shares of Superior Energy Services during the 2nd quarter valued at about $108,000. Neuburgh Advisers LLC increased its stake in shares of Superior Energy Services by 9.1% during the 1st quarter. Neuburgh Advisers LLC now owns 10,574 shares of the oil and gas company’s stock valued at $151,000 after acquiring an additional 884 shares during the last quarter. Washington Trust Bank increased its stake in shares of Superior Energy Services by 10.1% during the 2nd quarter. Washington Trust Bank now owns 10,800 shares of the oil and gas company’s stock valued at $113,000 after acquiring an additional 990 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new position in shares of Superior Energy Services during the 2nd quarter valued at about $116,000.

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Superior Energy Services Company Profile

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Earnings History and Estimates for Superior Energy Services (NYSE:SPN)

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