Superior Energy Services, Inc. (NYSE:SPN) – Research analysts at Capital One Financial Corporation lowered their Q3 2017 earnings estimates for Superior Energy Services in a report released on Monday. Capital One Financial Corporation analyst L. Lemoine now forecasts that the oil and gas company will earn ($0.34) per share for the quarter, down from their prior estimate of ($0.32). Capital One Financial Corporation also issued estimates for Superior Energy Services’ Q4 2017 earnings at ($0.31) EPS and FY2017 earnings at ($1.65) EPS.

A number of other analysts have also weighed in on the stock. Barclays PLC lowered shares of Superior Energy Services from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $18.00 to $11.00 in a report on Wednesday, July 12th. ValuEngine lowered shares of Superior Energy Services from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Morgan Stanley reiterated an “equal weight” rating and set a $14.00 target price (down from $30.00) on shares of Superior Energy Services in a report on Wednesday, June 21st. Deutsche Bank AG reiterated a “buy” rating and set a $15.00 target price (down from $22.00) on shares of Superior Energy Services in a report on Thursday, July 27th. Finally, BidaskClub lowered shares of Superior Energy Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $16.11.

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Superior Energy Services (NYSE SPN) opened at 10.17 on Wednesday. The firm’s market capitalization is $1.56 billion. Superior Energy Services has a 52 week low of $7.91 and a 52 week high of $19.39. The stock has a 50 day moving average price of $9.67 and a 200-day moving average price of $10.84.

Superior Energy Services (NYSE:SPN) last announced its quarterly earnings data on Tuesday, July 25th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.07. The company had revenue of $470.07 million for the quarter, compared to the consensus estimate of $465.75 million. Superior Energy Services had a negative return on equity of 28.82% and a negative net margin of 31.24%. The firm’s revenue was up 31.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($3.09) EPS.

Hedge funds have recently added to or reduced their stakes in the company. Suntrust Banks Inc. purchased a new position in shares of Superior Energy Services during the second quarter valued at approximately $108,000. Washington Trust Bank lifted its holdings in shares of 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 valued at $113,000 after purchasing an additional 990 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of Superior Energy Services during the second quarter valued at approximately $116,000. US Bancorp DE lifted its holdings in shares of Superior Energy Services by 57.7% during the first quarter. US Bancorp DE now owns 11,130 shares of the oil and gas company’s stock valued at $159,000 after purchasing an additional 4,072 shares during the last quarter. Finally, Oakbrook Investments LLC purchased a new position in shares of Superior Energy Services during the second quarter valued at approximately $118,000.

Superior Energy Services Company Profile

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

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