Superior Energy Services (NYSE:SPN) was upgraded by research analysts at Susquehanna Bancshares from a “neutral” rating to a “positive” rating in a note issued to investors on Friday. The firm currently has a $15.00 target price on the oil and gas company’s stock, up from their previous target price of $9.00. Susquehanna Bancshares’ price objective indicates a potential upside of 37.99% from the company’s previous close.

A number of other research analysts have also recently issued reports on SPN. Piper Jaffray Companies reissued a “buy” rating on shares of Superior Energy Services in a report on Tuesday, September 26th. Jefferies Group set a $13.00 price objective on Superior Energy Services and gave the company a “hold” rating in a report on Thursday, October 5th. Cowen set a $14.00 price objective on Superior Energy Services and gave the company a “buy” rating in a report on Friday, October 6th. Royal Bank of Canada set a $14.00 price objective on Superior Energy Services and gave the company a “hold” rating in a report on Saturday, October 7th. Finally, Deutsche Bank started coverage on Superior Energy Services in a report on Tuesday, October 10th. They set a “buy” rating and a $15.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $12.65.

Superior Energy Services (NYSE SPN) opened at $10.87 on Friday. The stock has a market capitalization of $1,621.15, a price-to-earnings ratio of -3.87 and a beta of 2.16. Superior Energy Services has a twelve month low of $7.66 and a twelve month high of $19.08. 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 issued its quarterly earnings data on Monday, October 23rd. The oil and gas company reported ($0.33) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.32) by ($0.01). The company 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% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.73) earnings per share. equities research analysts anticipate that Superior Energy Services will post -1.63 EPS for the current year.

In other Superior Energy Services news, Director Peter D. Kinnear purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was acquired at an average cost of $8.52 per share, with a total value of $170,400.00. Following the completion of the acquisition, the director now directly owns 64,607 shares of the company’s stock, valued at approximately $550,451.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.91% of the company’s stock.

A number of hedge funds have recently made changes to their positions in SPN. BlueMountain Capital Management LLC acquired a new stake in Superior Energy Services in the first quarter worth about $105,000. Independent Portfolio Consultants Inc. acquired a new stake in Superior Energy Services in the first quarter worth about $105,000. Tyers Asset Management LLC acquired a new stake in Superior Energy Services in the fourth quarter worth about $106,000. Summit Financial Wealth Advisors LLC acquired a new stake in Superior Energy Services in the third quarter worth about $107,000. Finally, Suntrust Banks Inc. acquired a new stake in Superior Energy Services in the second quarter worth about $108,000.

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About Superior Energy Services

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