-$0.31 Earnings Per Share Expected for Superior Energy Services, Inc. (SPN) This Quarter
Wall Street analysts forecast that Superior Energy Services, Inc. (NYSE:SPN) will report ($0.31) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Seven analysts have issued 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 reported earnings per share of ($0.73) in the same quarter last year, which indicates a positive year over year growth rate of 57.5%. The business is scheduled to issue its next quarterly earnings results after the market closes 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 fiscal year, analysts expect that the company will report earnings of ($0.66) per share, with EPS estimates ranging from ($1.13) to ($0.15). Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Superior Energy Services.
Superior Energy Services (NYSE:SPN) last released its quarterly earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) EPS for the quarter, beating analysts’ consensus estimates 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%. Superior Energy Services’s quarterly revenue was up 31.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($3.09) EPS.
Several research analysts have issued reports on the company. Royal Bank Of Canada set a $20.00 target price on Superior Energy Services and gave the company a “hold” rating in a research report on Saturday, June 24th. Piper Jaffray Companies restated a “buy” rating on shares of Superior Energy Services in a research report on Tuesday, September 26th. BidaskClub lowered Superior Energy Services from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Jefferies Group LLC restated a “hold” rating and set a $14.00 target price on shares of Superior Energy Services in a research report on Friday, July 14th. Finally, Seaport Global Securities lowered Superior Energy Services from a “buy” rating to a “neutral” rating and dropped their target price for the company from $13.00 to $10.00 in a research report on Wednesday, June 21st. Two investment 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. The stock presently has an average rating of “Hold” and an average target price of $16.33.
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Superior Energy Services (NYSE:SPN) opened at 10.42 on Friday. The firm’s 50-day moving average price is $9.52 and its 200-day moving average price is $10.95. The company’s market cap is $1.60 billion. Superior Energy Services has a 52-week low of $7.91 and a 52-week high of $19.39.
A number of large investors have recently modified their holdings of the stock. Lord Abbett & CO. LLC raised its stake in Superior Energy Services by 1.7% in the second quarter. Lord Abbett & CO. LLC now owns 408,500 shares of the oil and gas company’s stock worth $4,261,000 after buying an additional 6,800 shares in the last quarter. Phocas Financial Corp. raised its stake in Superior Energy Services by 4.7% in the second quarter. Phocas Financial Corp. now owns 594,698 shares of the oil and gas company’s stock worth $6,203,000 after buying an additional 26,550 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in Superior Energy Services by 29.7% in the second quarter. Ameritas Investment Partners Inc. now owns 58,421 shares of the oil and gas company’s stock worth $609,000 after buying an additional 13,369 shares in the last quarter. Nomura Holdings Inc. bought a new position in Superior Energy Services in the second quarter worth approximately $116,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in Superior Energy Services by 21.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 25,878 shares of the oil and gas company’s stock worth $270,000 after buying an additional 4,598 shares in the last quarter.
Superior Energy Services Company Profile
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