Superior Energy Services, Inc. (NYSE:SPN) has been given a $14.00 target price by research analysts at Cowen and Company in a note issued to investors on Friday. The brokerage currently has a “buy” rating on the oil and gas company’s stock. Cowen and Company’s price objective would indicate a potential upside of 39.72% from the company’s current price.

Other analysts have also issued reports about the company. Piper Jaffray Companies set a $15.00 target price on Superior Energy Services and gave the stock a “buy” rating in a research report on Tuesday, July 25th. Loop Capital reaffirmed a “buy” rating on shares of Superior Energy Services in a research report on Monday, July 3rd. Deutsche Bank AG reaffirmed a “buy” rating and set a $15.00 target price (down from $22.00) on shares of Superior Energy Services in a research report on Thursday, July 27th. Scotiabank set a $22.00 target price on Superior Energy Services and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $14.00 target price (down from $30.00) on shares of Superior Energy Services in a research report on Wednesday, June 21st. Two 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’s stock. The company currently has a consensus rating of “Hold” and an average price target of $16.11.

Shares of Superior Energy Services (NYSE SPN) traded down 3.84% during midday trading on Friday, reaching $10.02. The company’s stock had a trading volume of 2,484,804 shares. The firm’s 50 day moving average is $9.52 and its 200 day moving average is $10.95. The firm’s market capitalization is $1.53 billion. Superior Energy Services has a 52 week low of $7.91 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) EPS for the quarter, beating the 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 company had revenue of $470.07 million for the quarter, compared to analyst estimates of $465.75 million. During the same period last year, the company posted ($3.09) earnings per share. The firm’s revenue was up 31.9% compared to the same quarter last year. Equities analysts forecast that Superior Energy Services will post ($1.58) EPS for the current fiscal year.

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Large investors have recently made changes to their positions in the stock. Suntrust Banks Inc. bought a new stake in Superior Energy Services during the second quarter worth approximately $108,000. Washington Trust Bank raised its holdings in Superior Energy Services by 10.1% during the second quarter. Washington Trust Bank now owns 10,800 shares of the oil and gas company’s stock worth $113,000 after purchasing an additional 990 shares in the last quarter. Nomura Holdings Inc. bought a new stake in Superior Energy Services during the second quarter worth approximately $116,000. Oakbrook Investments LLC bought a new stake in Superior Energy Services during the second quarter worth approximately $118,000. Finally, Endurance Wealth Management Inc. raised its holdings in Superior Energy Services by 4.9% during the second quarter. Endurance Wealth Management Inc. now owns 11,565 shares of the oil and gas company’s stock worth $121,000 after purchasing an additional 539 shares in the last quarter.

Superior Energy Services Company Profile

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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