Superior Energy Services, Inc. (NYSE:SPN) has been assigned an average rating of “Hold” from the twenty-two research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $13.62.

Several analysts have recently issued reports on SPN shares. ValuEngine cut Superior Energy Services from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Credit Suisse Group reduced their price objective on Superior Energy Services from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 25th. Royal Bank Of Canada set a $12.00 price objective on Superior Energy Services and gave the company a “hold” rating in a research note on Wednesday, October 25th. Scotiabank reiterated a “buy” rating on shares of Superior Energy Services in a research note on Friday, October 27th. Finally, SunTrust Banks upgraded Superior Energy Services from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Monday, November 20th.

Superior Energy Services (SPN) traded up $0.10 during trading hours on Monday, reaching $9.37. The company’s stock had a trading volume of 2,230,732 shares, compared to its average volume of 3,974,867. 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 one year low of $7.66 and a one year high of $19.28.

Superior Energy Services (NYSE:SPN) last released its quarterly earnings results on Monday, October 23rd. The oil and gas company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.01). The firm had revenue of $506.00 million for the quarter, compared to analyst estimates of $511.23 million. Superior Energy Services had a negative return on equity of 26.18% and a negative net margin of 24.59%. The firm’s revenue for the quarter was up 55.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.73) earnings per share. analysts anticipate that Superior Energy Services will post -1.64 EPS for the current fiscal year.

In other news, Director Peter D. Kinnear acquired 20,000 shares of the company’s stock in a transaction on Monday, October 30th. The shares were bought at an average price of $8.52 per share, with a total value of $170,400.00. Following the completion of the acquisition, the director now owns 64,607 shares in the company, valued at approximately $550,451.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.49% of the company’s stock.

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Superior Energy Services by 2.8% during the second quarter. Vanguard Group Inc. now owns 12,918,988 shares of the oil and gas company’s stock worth $134,745,000 after purchasing an additional 353,628 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Superior Energy Services by 20.7% during the second quarter. Victory Capital Management Inc. now owns 11,290,645 shares of the oil and gas company’s stock worth $117,761,000 after purchasing an additional 1,933,360 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Superior Energy Services by 33.9% during the second quarter. Dimensional Fund Advisors LP now owns 8,272,972 shares of the oil and gas company’s stock worth $86,287,000 after purchasing an additional 2,095,988 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Superior Energy Services by 1.2% during the third quarter. Van ECK Associates Corp now owns 7,577,016 shares of the oil and gas company’s stock worth $80,923,000 after purchasing an additional 89,538 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Superior Energy Services by 29.5% during the second quarter. State Street Corp now owns 5,866,537 shares of the oil and gas company’s stock worth $61,185,000 after purchasing an additional 1,335,740 shares during the last quarter.

COPYRIGHT VIOLATION NOTICE: This report was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://www.americanbankingnews.com/2017/12/11/superior-energy-services-inc-spn-given-average-recommendation-of-hold-by-brokerages.html.

Superior Energy Services Company Profile

Analyst Recommendations 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.