Superior Energy Services (NYSE:SPN) received a $14.00 price objective from research analysts at Cowen in a report released on Thursday. The brokerage presently has a “buy” rating on the oil and gas company’s stock. Cowen’s target price points to a potential upside of 23.78% from the stock’s current price.

A number of other analysts also recently weighed in on the company. Scotiabank downgraded Superior Energy Services to a “hold” rating in a research note on Thursday. Stephens assumed coverage on Superior Energy Services in a research note on Tuesday, January 9th. They issued an “equal weight” rating and a $12.00 price target on the stock. Zacks Investment Research downgraded Superior Energy Services from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Susquehanna Bancshares upgraded Superior Energy Services from a “neutral” rating to a “positive” rating and lifted their price target for the company from $9.00 to $15.00 in a research note on Friday, January 5th. Finally, UBS Group upgraded Superior Energy Services from a “neutral” rating to a “positive” rating in a research note on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $12.72.

Superior Energy Services (SPN) opened at $11.31 on Thursday. 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 12 month low of $7.66 and a 12 month high of $18.87.

Superior Energy Services (NYSE:SPN) last posted its quarterly earnings results on Monday, October 23rd. The oil and gas company reported ($0.33) earnings per share for the quarter, missing the Zacks’ 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 during the quarter, compared to analysts’ expectations of $511.23 million. During the same quarter last year, the firm earned ($0.73) earnings per share. The firm’s quarterly revenue was up 55.1% compared to the same quarter last year. research analysts anticipate that Superior Energy Services will post -1.64 EPS for the current year.

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

A number of institutional investors and hedge funds have recently bought and sold shares of SPN. Hotchkis & Wiley Capital Management LLC boosted its position in Superior Energy Services by 221.9% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 4,285,600 shares of the oil and gas company’s stock worth $44,699,000 after purchasing an additional 2,954,100 shares in the last quarter. Balyasny Asset Management LLC boosted its position in Superior Energy Services by 535.0% during the second quarter. Balyasny Asset Management LLC now owns 3,008,663 shares of the oil and gas company’s stock worth $31,380,000 after purchasing an additional 2,534,833 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in 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 in the last quarter. Bank of New York Mellon Corp boosted its position in Superior Energy Services by 43.6% during the third quarter. Bank of New York Mellon Corp now owns 4,731,504 shares of the oil and gas company’s stock worth $50,530,000 after purchasing an additional 1,437,552 shares in the last quarter. Finally, GMT Capital Corp boosted its position in Superior Energy Services by 96.9% during the second quarter. GMT Capital Corp now owns 2,757,830 shares of the oil and gas company’s stock worth $27,358,000 after purchasing an additional 1,357,300 shares in the last quarter.

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Superior Energy Services Company Profile

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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