Superior Energy Services, Inc. (NYSE:SPN) – Stock analysts at Jefferies Group dropped their FY2019 earnings per share (EPS) estimates for Superior Energy Services in a research report issued on Thursday. Jefferies Group analyst B. Handler now expects that the oil and gas company will post earnings of $0.10 per share for the year, down from their previous estimate of $0.15. Jefferies Group currently has a “Hold” rating and a $10.00 target price on the stock.

Other equities research analysts have also recently issued reports about the company. Cowen set a $14.00 price objective on Superior Energy Services and gave the company a “buy” rating in a research report on Friday, October 6th. UBS Group raised Superior Energy Services from a “neutral” rating to a “positive” rating in a research report on Friday. Loop Capital set a $13.00 price objective on Superior Energy Services and gave the company a “buy” rating in a research report on Wednesday, October 25th. They noted that the move was a valuation call. Royal Bank of Canada set a $10.00 price objective on Superior Energy Services and gave the company a “hold” rating in a research report on Thursday, December 21st. Finally, ValuEngine cut Superior Energy Services from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the stock. Superior Energy Services presently has a consensus rating of “Hold” and an average price target of $12.65.

Superior Energy Services (NYSE SPN) traded up $0.28 during midday trading on Friday, hitting $10.87. The stock had a trading volume of 4,173,900 shares, compared to its average volume of 3,205,867. Superior Energy Services has a 52-week low of $7.66 and a 52-week high of $19.08. The stock has a market capitalization of $1,690.00, a PE ratio of -4.42 and a beta of 2.16. 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 (NYSE:SPN) last released its 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). Superior Energy Services had a negative return on equity of 26.18% and a negative net margin of 24.59%. The company had revenue of $506.00 million during the quarter, compared to analysts’ expectations of $511.23 million. During the same period in the prior year, the company posted ($0.73) earnings per share. The company’s revenue was up 55.1% on a year-over-year basis.

In other Superior Energy Services news, Director Peter D. Kinnear bought 20,000 shares of the firm’s stock in a transaction that occurred 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 purchase, the director now owns 64,607 shares of the company’s stock, valued at $550,451.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.91% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Summit Financial Wealth Advisors LLC purchased a new position in Superior Energy Services during the 3rd quarter valued at approximately $107,000. Suntrust Banks Inc. purchased a new position in Superior Energy Services during the 2nd quarter valued at approximately $108,000. Nomura Holdings Inc. purchased a new position in Superior Energy Services during the 2nd quarter valued at approximately $116,000. Crossmark Global Holdings Inc. purchased a new position in Superior Energy Services during the 3rd quarter valued at approximately $126,000. Finally, PEAK6 Investments L.P. grew its holdings in Superior Energy Services by 149.0% during the 3rd quarter. PEAK6 Investments L.P. now owns 12,704 shares of the oil and gas company’s stock valued at $136,000 after buying an additional 38,640 shares in the last quarter.

ILLEGAL ACTIVITY NOTICE: “Superior Energy Services, Inc. (SPN) to Post FY2019 Earnings of $0.10 Per Share, Jefferies Group Forecasts” was posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this article can be accessed at https://www.americanbankingnews.com/2018/01/05/superior-energy-services-inc-spn-to-post-fy2019-earnings-of-0-10-per-share-jefferies-group-forecasts.html.

Superior Energy Services Company Profile

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

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