Superior Energy Services, Inc. (NYSE:SPN) – Equities researchers at Gabelli lowered their FY2017 earnings per share (EPS) estimates for Superior Energy Services in a research report issued on Wednesday. Gabelli analyst S. Wong now anticipates that the oil and gas company will post earnings per share of ($1.65) for the year, down from their prior forecast of ($1.50). Gabelli also issued estimates for Superior Energy Services’ FY2018 earnings at ($0.65) EPS and FY2019 earnings at $0.05 EPS.

Superior Energy Services (NYSE:SPN) last released its quarterly earnings data on Monday, October 23rd. The oil and gas company reported ($0.33) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.32) by ($0.01). Superior Energy Services had a negative net margin of 24.59% and a negative return on equity of 26.18%. The business had revenue of $506.00 million for the quarter, compared to the consensus estimate of $511.23 million. During the same quarter last year, the business earned ($0.73) EPS. Superior Energy Services’s revenue for the quarter was up 55.1% compared to the same quarter last year.

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Several other research analysts have also recently weighed in on the stock. Barclays PLC cut shares of Superior Energy Services from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $18.00 to $11.00 in a research report on Wednesday, July 12th. ValuEngine cut shares of Superior Energy Services from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Deutsche Bank AG reissued a “buy” rating and set a $15.00 price target (down previously from $22.00) on shares of Superior Energy Services in a research report on Thursday, July 27th. BidaskClub cut shares of Superior Energy Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Superior Energy Services in a research report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the stock. Superior Energy Services presently has a consensus rating of “Hold” and an average price target of $13.82.

Shares of Superior Energy Services (NYSE:SPN) opened at 8.29 on Monday. Superior Energy Services has a 12-month low of $7.66 and a 12-month high of $19.28. The stock has a 50 day moving average of $9.84 and a 200 day moving average of $10.42. The company’s market cap is $1.27 billion.

Several institutional investors and hedge funds have recently modified their holdings of SPN. UBS Asset Management Americas Inc. lifted its position in shares of Superior Energy Services by 11.9% during the first quarter. UBS Asset Management Americas Inc. now owns 136,875 shares of the oil and gas company’s stock worth $1,952,000 after purchasing an additional 14,595 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of Superior Energy Services by 19.9% during the first quarter. Neuberger Berman Group LLC now owns 15,820 shares of the oil and gas company’s stock worth $226,000 after purchasing an additional 2,625 shares in the last quarter. OppenheimerFunds Inc. lifted its position in shares of Superior Energy Services by 34.9% during the first quarter. OppenheimerFunds Inc. now owns 54,569 shares of the oil and gas company’s stock worth $778,000 after purchasing an additional 14,106 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Superior Energy Services by 16.6% during the first quarter. Wellington Management Group LLP now owns 235,761 shares of the oil and gas company’s stock worth $3,362,000 after purchasing an additional 33,567 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Superior Energy Services by 24.2% during the first quarter. Legal & General Group Plc now owns 283,722 shares of the oil and gas company’s stock worth $4,040,000 after purchasing an additional 55,350 shares in the last quarter.

About Superior Energy Services

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

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