Brokerages expect Superior Energy Services, Inc. (NYSE:SPN) to report earnings per share of ($0.31) for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Superior Energy Services’ earnings, with the lowest EPS estimate coming in at ($0.34) and the highest estimate coming in at ($0.21). Superior Energy Services reported earnings per share of ($0.74) during the same quarter last year, which indicates a positive year-over-year growth rate of 58.1%. The company is expected to issue its next earnings results on Tuesday, February 20th.

According to Zacks, analysts expect that Superior Energy Services will report full year earnings of ($1.63) per share for the current fiscal year, with EPS estimates ranging from ($1.69) to ($1.51). For the next financial year, analysts forecast that the business will post earnings of ($0.74) per share, with EPS estimates ranging from ($1.15) to $0.00. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Superior Energy Services.

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

Several equities analysts have recently issued reports on SPN shares. Wells Fargo & Company cut Superior Energy Services from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. BidaskClub cut Superior Energy Services from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Piper Jaffray Companies restated a “buy” rating on shares of Superior Energy Services in a report on Tuesday, September 26th. Jefferies Group LLC restated a “hold” rating and issued a $11.00 target price on shares of Superior Energy Services in a report on Monday, October 16th. Finally, Barclays PLC set a $10.00 target price on Superior Energy Services and gave the stock a “hold” rating in a report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $13.82.

TRADEMARK VIOLATION NOTICE: “Analysts Anticipate Superior Energy Services, Inc. (SPN) to Announce -$0.31 EPS” was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another publication, it was illegally copied and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/11/14/analysts-anticipate-superior-energy-services-inc-spn-to-announce-0-31-eps.html.

In related news, Director Peter D. Kinnear acquired 20,000 shares of the stock in a transaction dated Monday, October 30th. The shares were bought at an average cost of $8.52 per share, for a total transaction of $170,400.00. Following the purchase, the director now owns 64,607 shares in the company, valued at approximately $550,451.64. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 3.49% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of 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 worth $134,745,000 after acquiring an additional 353,628 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of 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 worth $117,761,000 after acquiring an additional 1,933,360 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of 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 worth $86,287,000 after acquiring an additional 2,095,988 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Superior Energy Services by 1.2% in the 3rd quarter. Van ECK Associates Corp now owns 7,577,016 shares of the oil and gas company’s stock worth $80,923,000 after acquiring an additional 89,538 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of 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 worth $61,185,000 after acquiring an additional 1,335,740 shares in the last quarter.

Shares of Superior Energy Services (NYSE SPN) traded down $0.26 during trading on Tuesday, reaching $9.19. The company’s stock had a trading volume of 2,742,000 shares, compared to its average volume of 4,083,944. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.64 and a current ratio of 1.99. Superior Energy Services has a 52-week low of $7.66 and a 52-week high of $19.28.

Superior Energy Services Company Profile

Get a free copy of the Zacks research report on Superior Energy Services (SPN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Superior Energy Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Energy Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.