Superior Energy Services, Inc. (NYSE:SPN) announced its quarterly earnings data on Monday. The oil and gas company reported ($0.33) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.32) by ($0.01), Bloomberg Earnings reports. The company had revenue of $506.00 million for the quarter, compared to analyst estimates of $511.23 million. Superior Energy Services had a negative net margin of 31.24% and a negative return on equity of 28.82%. The firm’s quarterly revenue was up 55.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.73) EPS.

Shares of Superior Energy Services (SPN) traded down 6.33% during midday trading on Monday, hitting $8.29. 6,478,320 shares of the stock traded hands. The stock’s market capitalization is $1.27 billion. Superior Energy Services has a 52 week low of $7.91 and a 52 week high of $19.28. The firm has a 50-day moving average price of $10.05 and a 200-day moving average price of $10.56.

SPN has been the topic of a number of analyst reports. Cowen and Company set a $14.00 price objective on shares of Superior Energy Services and gave the stock a “buy” rating in a research note on Friday, October 6th. Piper Jaffray Companies set a $15.00 price objective on shares of Superior Energy Services and gave the stock a “buy” rating in a research note on Tuesday, July 25th. Barclays PLC set a $12.00 price objective on shares of Superior Energy Services and gave the stock a “hold” rating in a research note on Wednesday, July 26th. BidaskClub cut shares of Superior Energy Services from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Royal Bank Of Canada set a $14.00 price objective on shares of Superior Energy Services and gave the stock a “hold” rating in a research note on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the company’s stock. Superior Energy Services has an average rating of “Hold” and a consensus target price of $15.72.

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Superior Energy Services Company Profile

Earnings History for Superior Energy Services (NYSE:SPN)

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