Mason Street Advisors LLC acquired a new stake in shares of Superior Energy Services Inc. (NYSE:SPN) during the second quarter, Holdings Channel reports. The firm acquired 69,049 shares of the company’s stock, valued at approximately $1,271,000.

A number of other hedge funds also recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in shares of Superior Energy Services by 99.2% in the first quarter. JPMorgan Chase & Co. now owns 1,344,305 shares of the company’s stock valued at $18,000,000 after buying an additional 669,377 shares during the period. BlackRock Japan Co. Ltd raised its stake in shares of Superior Energy Services by 21.5% in the first quarter. BlackRock Japan Co. Ltd now owns 60,991 shares of the company’s stock valued at $817,000 after buying an additional 10,800 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in shares of Superior Energy Services by 1.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,529,128 shares of the company’s stock valued at $60,645,000 after buying an additional 79,760 shares during the period. Hudson Bay Capital Management LP bought a new stake in shares of Superior Energy Services during the first quarter valued at about $2,273,000. Finally, BlackRock Group LTD raised its stake in shares of Superior Energy Services by 10.2% in the first quarter. BlackRock Group LTD now owns 941,383 shares of the company’s stock valued at $12,605,000 after buying an additional 87,383 shares during the period.

Superior Energy Services Inc. (NYSE:SPN) opened at 15.46 on Thursday. Superior Energy Services Inc. has a one year low of $8.25 and a one year high of $19.83. The firm’s market capitalization is $2.35 billion. The company has a 50-day moving average price of $16.59 and a 200-day moving average price of $16.12.

Superior Energy Services (NYSE:SPN) last released its quarterly earnings data on Monday, July 25th. The company reported ($0.53) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.58) by $0.05. Superior Energy Services had a negative return on equity of 13.55% and a negative net margin of 84.36%. The business earned $356.30 million during the quarter, compared to analyst estimates of $367.73 million. During the same quarter in the previous year, the firm posted ($0.31) EPS. The business’s revenue for the quarter was down 49.9% compared to the same quarter last year. On average, equities research analysts anticipate that Superior Energy Services Inc. will post ($2.13) EPS for the current year.

Several analysts recently issued reports on the stock. Deutsche Bank AG restated a “buy” rating and issued a $22.00 price objective (up from $20.00) on shares of Superior Energy Services in a report on Wednesday, June 8th. Citigroup Inc. boosted their price objective on shares of Superior Energy Services from $20.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, July 13th. Royal Bank Of Canada restated a “hold” rating on shares of Superior Energy Services in a report on Saturday, June 18th. Scotiabank restated a “focus stock” rating and issued a $27.00 price objective (up from $21.00) on shares of Superior Energy Services in a report on Friday, June 17th. Finally, Howard Weil boosted their price objective on shares of Superior Energy Services from $21.00 to $27.00 and gave the company a “focus stock” rating in a report on Thursday, June 16th. Eight equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $16.94.

Superior Energy Services Company Profile

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