Superior Energy Services, Inc. (NYSE:SPN) – Stock analysts at Jefferies Group dropped their Q3 2017 earnings per share estimates for shares of Superior Energy Services in a research note issued on Monday. Jefferies Group analyst B. Handler now forecasts that the oil and gas company will post earnings of ($0.36) per share for the quarter, down from their previous estimate of ($0.31). Jefferies Group has a “Hold” rating and a $11.00 price objective on the stock. Jefferies Group also issued estimates for Superior Energy Services’ FY2017 earnings at ($1.60) EPS, FY2018 earnings at ($0.50) EPS and FY2019 earnings at $0.30 EPS.

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 the Thomson Reuters’ consensus estimate of ($0.48) by $0.07. The company had revenue of $470.07 million for the quarter, compared to analyst estimates 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 was up 31.9% on a year-over-year basis. During the same quarter last year, the business earned ($3.09) earnings per share. ILLEGAL ACTIVITY WARNING: “Q3 2017 Earnings Forecast for Superior Energy Services, Inc. Issued By Jefferies Group (SPN)” was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/18/q3-2017-earnings-forecast-for-superior-energy-services-inc-issued-by-jefferies-group-spn.html.

Several other equities analysts have also recently issued reports on the stock. Wells Fargo & Company cut shares of Superior Energy Services from an “outperform” rating to a “market perform” rating in a research note on Monday. BMO Capital Markets reissued a “hold” rating and issued a $10.00 price objective on shares of Superior Energy Services in a research note on Friday, October 13th. Deutsche Bank AG assumed coverage on shares of Superior Energy Services in a research note on Tuesday, October 10th. They issued a “buy” rating and a $15.00 price objective on the stock. Royal Bank Of Canada set a $14.00 price objective on shares of Superior Energy Services and gave the company a “hold” rating in a research note on Saturday, October 7th. Finally, Cowen and Company set a $14.00 price objective on shares of Superior Energy Services and gave the company a “buy” rating in a research note on Friday, October 6th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $15.72.

Shares of Superior Energy Services (NYSE:SPN) opened at 9.73 on Wednesday. Superior Energy Services has a 52-week low of $7.91 and a 52-week high of $19.39. The firm’s market cap is $1.49 billion. The company’s 50-day moving average is $9.89 and its 200 day moving average is $10.77.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its stake in Superior Energy Services by 10,301.4% in the 1st quarter. BlackRock Inc. now owns 23,424,814 shares of the oil and gas company’s stock valued at $334,036,000 after acquiring an additional 23,199,606 shares during the last quarter. Vanguard Group Inc. grew its stake in Superior Energy Services by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 12,918,988 shares of the oil and gas company’s stock valued at $134,745,000 after acquiring an additional 353,628 shares during the last quarter. Victory Capital Management Inc. grew its stake in Superior Energy Services by 20.7% in the 2nd quarter. Victory Capital Management Inc. now owns 11,290,645 shares of the oil and gas company’s stock valued at $117,761,000 after acquiring an additional 1,933,360 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Superior Energy Services by 33.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,272,972 shares of the oil and gas company’s stock valued at $86,287,000 after acquiring an additional 2,095,988 shares during the last quarter. Finally, State Street Corp grew its stake in Superior Energy Services by 29.5% in the 2nd quarter. State Street Corp now owns 5,866,537 shares of the oil and gas company’s stock valued at $61,185,000 after acquiring an additional 1,335,740 shares during the last quarter.

Superior Energy Services Company Profile

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

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