Analysts Expect Superior Energy Services, Inc. (SPN) Will Announce Earnings of -$0.28 Per Share
Analysts expect Superior Energy Services, Inc. (NYSE:SPN) to announce earnings of ($0.28) per share for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Superior Energy Services’ earnings. The lowest EPS estimate is ($0.34) and the highest is ($0.21). Superior Energy Services reported earnings per share of ($0.74) during the same quarter last year, which would suggest a positive year over year growth rate of 62.2%. The business is scheduled to issue its next earnings results on Tuesday, February 20th.
On average, analysts expect that Superior Energy Services will report full-year earnings of ($1.60) per share for the current fiscal year, with EPS estimates ranging from ($1.69) to ($1.50). For the next financial year, analysts anticipate 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 a mean average based on a survey of sell-side analysts that that provide coverage for Superior Energy Services.
Superior Energy Services (NYSE:SPN) last issued its earnings results on Monday, October 23rd. The oil and gas company reported ($0.33) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.32) by ($0.01). Superior Energy Services had a negative return on equity of 28.82% and a negative net margin of 31.24%. The business had revenue of $506.00 million for the quarter, compared to the consensus estimate of $511.23 million. During the same quarter in the previous year, the company earned ($0.73) earnings per share. The firm’s revenue was up 55.1% on a year-over-year basis.
A number of research firms recently weighed in on SPN. Barclays PLC lowered shares of Superior Energy Services from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $18.00 to $11.00 in a research note on Wednesday, July 12th. ValuEngine lowered shares of Superior Energy Services from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Deutsche Bank AG restated a “buy” rating and set a $15.00 target price (down from $22.00) on shares of Superior Energy Services in a research note on Thursday, July 27th. BidaskClub lowered shares of Superior Energy Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Seaport Global Securities restated a “neutral” rating on shares of Superior Energy Services 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 presently has a consensus rating of “Hold” and an average target price of $15.72.
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Superior Energy Services (NYSE:SPN) traded down 4.70% during mid-day trading on Tuesday, hitting $7.90. 8,745,303 shares of the stock were exchanged. The firm’s market cap is $1.21 billion. Superior Energy Services has a 12-month low of $7.85 and a 12-month high of $19.28. The company has a 50 day moving average of $9.94 and a 200 day moving average of $10.50.
Several hedge funds have recently bought and sold shares of the company. Nationwide Fund Advisors boosted its holdings in shares of Superior Energy Services by 6.9% in the third quarter. Nationwide Fund Advisors now owns 446,255 shares of the oil and gas company’s stock valued at $4,766,000 after acquiring an additional 28,970 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Superior Energy Services in the third quarter valued at approximately $449,000. Shell Asset Management Co. acquired a new stake in shares of Superior Energy Services in the third quarter valued at approximately $3,317,000. Lord Abbett & CO. LLC boosted its holdings in shares of 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 valued at $4,261,000 after acquiring an additional 6,800 shares during the period. Finally, Phocas Financial Corp. boosted its holdings in shares of 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 valued at $6,203,000 after acquiring an additional 26,550 shares during the period.
About Superior Energy Services
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