Boothbay Fund Management LLC acquired a new position in Superior Energy Services, Inc. (NYSE:SPN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 23,200 shares of the oil and gas company’s stock, valued at approximately $248,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Aperio Group LLC raised its holdings in Superior Energy Services by 81.9% during the 2nd quarter. Aperio Group LLC now owns 88,862 shares of the oil and gas company’s stock valued at $927,000 after buying an additional 39,997 shares during the last quarter. NGAM Advisors L.P. raised its holdings in Superior Energy Services by 44.8% during the 2nd quarter. NGAM Advisors L.P. now owns 62,819 shares of the oil and gas company’s stock valued at $655,000 after buying an additional 19,427 shares during the last quarter. World Asset Management Inc raised its holdings 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 buying an additional 34 shares during the last quarter. Texas Permanent School Fund raised its holdings in Superior Energy Services by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 111,583 shares of the oil and gas company’s stock valued at $1,164,000 after buying an additional 931 shares during the last quarter. Finally, Retirement Systems of Alabama raised its holdings in Superior Energy Services by 19.7% during the 2nd quarter. Retirement Systems of Alabama now owns 496,725 shares of the oil and gas company’s stock valued at $5,181,000 after buying an additional 81,718 shares during the last quarter.

Shares of Superior Energy Services, Inc. (NYSE:SPN) traded down $0.11 during mid-day trading on Wednesday, reaching $9.26. 2,576,800 shares of the company traded hands, compared to its average volume of 3,969,017. Superior Energy Services, Inc. has a one year low of $7.66 and a one year high of $19.08. The company has a current ratio of 1.99, a quick ratio of 1.64 and a debt-to-equity ratio of 1.15.

Superior Energy Services (NYSE:SPN) last announced its quarterly earnings data on Monday, October 23rd. The oil and gas company reported ($0.33) EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $506.00 million for the quarter, compared to analysts’ expectations of $511.23 million. During the same period last year, the company posted ($0.73) earnings per share. The business’s revenue for the quarter was up 55.1% compared to the same quarter last year. analysts forecast that Superior Energy Services, Inc. will post -1.64 EPS for the current year.

SPN has been the subject of a number of recent analyst reports. BidaskClub lowered shares of Superior Energy Services from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Piper Jaffray Companies set a $12.00 price target on shares of Superior Energy Services and gave the company a “buy” rating in a report on Wednesday, August 16th. ValuEngine lowered shares of Superior Energy Services from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Jefferies Group set a $13.00 price target on shares of Superior Energy Services and gave the company a “hold” rating in a report on Thursday, October 5th. Finally, Cowen set a $14.00 price target on shares of Superior Energy Services and gave the company a “buy” rating in a report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $13.82.

In other news, Director Peter D. Kinnear acquired 20,000 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were bought at an average cost of $8.52 per share, with a total value of $170,400.00. Following the transaction, the director now owns 64,607 shares of the company’s stock, valued at approximately $550,451.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.49% of the company’s stock.

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About Superior Energy Services

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

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