Superior Energy Services (NYSE:SPN)‘s stock had its “hold” rating reissued by analysts at BMO Capital Markets in a note issued to investors on Tuesday. They currently have a $10.00 price target on the oil and gas company’s stock. BMO Capital Markets’ price target would suggest a potential downside of 11.58% from the company’s previous close.

SPN has been the topic of several other reports. Deutsche Bank assumed coverage on Superior Energy Services in a research report on Tuesday, October 10th. They set a “buy” rating and a $15.00 price objective on the stock. Howard Weil cut Superior Energy Services from a “sector outperform” rating to a “sector perform” rating in a research report on Friday. Zacks Investment Research raised Superior Energy Services from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Tuesday, January 2nd. Susquehanna Bancshares raised Superior Energy Services from a “neutral” rating to a “positive” rating and lifted their price objective for the company from $9.00 to $15.00 in a research report on Friday, January 5th. Finally, SunTrust Banks raised Superior Energy Services from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Monday, November 20th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $12.78.

Superior Energy Services (SPN) traded up $0.26 during trading on Tuesday, reaching $11.31. The company’s stock had a trading volume of 5,007,800 shares, compared to its average volume of 4,231,378. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.64 and a current ratio of 1.99. The company has a market cap of $1,730.00, a PE ratio of -4.60 and a beta of 2.16. Superior Energy Services has a fifty-two week low of $7.66 and a fifty-two week high of $18.81.

Superior Energy Services (NYSE:SPN) last posted its quarterly earnings data on Monday, October 23rd. The oil and gas company reported ($0.33) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.32) by ($0.01). The firm 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 business’s revenue was up 55.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.73) earnings per share. equities analysts forecast that Superior Energy Services will post -1.64 EPS for the current year.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in 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 during the last quarter. Dimensional Fund Advisors LP raised its holdings in 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 during the last quarter. Van ECK Associates Corp raised its holdings in 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 during the last quarter. State Street Corp raised its holdings in 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 during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Superior Energy Services by 43.6% in the 3rd 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 acquiring an additional 1,437,552 shares during the last quarter.

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Superior Energy Services Company Profile

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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