MML Investors Services LLC acquired a new stake in shares of Superior Energy Services, Inc. (NYSE:SPN) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 13,460 shares of the oil and gas company’s stock, valued at approximately $140,000.

A number of other institutional investors have also recently bought and sold shares of the business. World Asset Management Inc boosted its position in Superior Energy Services by 0.3% during the 2nd quarter. World Asset Management Inc now owns 11,665 shares of the oil and gas company’s stock valued at $122,000 after acquiring an additional 34 shares in the last quarter. Utah Retirement Systems lifted its holdings in shares of Superior Energy Services by 0.4% during the first quarter. Utah Retirement Systems now owns 27,379 shares of the oil and gas company’s stock valued at $391,000 after purchasing an additional 100 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of Superior Energy Services by 0.7% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 26,338 shares of the oil and gas company’s stock valued at $376,000 after purchasing an additional 187 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Superior Energy Services by 1.7% during the first quarter. Teacher Retirement System of Texas now owns 12,155 shares of the oil and gas company’s stock valued at $173,000 after purchasing an additional 203 shares during the last quarter. Finally, Endurance Wealth Management Inc. lifted its holdings in shares of Superior Energy Services by 4.9% during the second quarter. Endurance Wealth Management Inc. now owns 11,565 shares of the oil and gas company’s stock valued at $121,000 after purchasing an additional 539 shares during the last quarter.

SPN has been the subject of several recent research reports. Barclays PLC lowered shares of Superior Energy Services from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $18.00 to $11.00 in a report on Wednesday, July 12th. ValuEngine lowered shares of Superior Energy Services from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Morgan Stanley reiterated an “equal weight” rating and set a $14.00 target price (down from $30.00) on shares of Superior Energy Services in a report on Wednesday, June 21st. Deutsche Bank AG reiterated a “buy” rating and set a $15.00 target price (down from $22.00) on shares of Superior Energy Services in a report on Thursday, July 27th. Finally, BidaskClub lowered shares of Superior Energy Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $16.33.

Superior Energy Services, Inc. (NYSE:SPN) opened at 10.42 on Friday. The stock’s market capitalization is $1.60 billion. The company has a 50-day moving average of $9.52 and a 200-day moving average of $10.95. Superior Energy Services, Inc. has a one year low of $7.91 and a one year high of $19.39.

Superior Energy Services (NYSE:SPN) last posted its earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.48) by $0.07. Superior Energy Services had a negative net margin of 31.24% and a negative return on equity of 28.82%. The company had revenue of $470.07 million during the quarter, compared to analysts’ expectations of $465.75 million. During the same quarter in the prior year, the company posted ($3.09) earnings per share. Superior Energy Services’s revenue for the quarter was up 31.9% compared to the same quarter last year. On average, equities analysts forecast that Superior Energy Services, Inc. will post ($1.58) EPS for the current fiscal year.

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Superior Energy Services Company Profile

Institutional Ownership by Quarter for Superior Energy Services (NYSE:SPN)

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