Analysts expect that Superior Energy Services, Inc. (NYSE:SPN) will post $468.49 million in sales for the current quarter, according to Zacks. Eight analysts have provided estimates for Superior Energy Services’ earnings, with the lowest sales estimate coming in at $451.00 million and the highest estimate coming in at $482.06 million. Superior Energy Services reported sales of $535.55 million in the same quarter last year, which would suggest a negative year over year growth rate of 12.5%. The company is scheduled to issue its next quarterly earnings results on Tuesday, July 23rd.

According to Zacks, analysts expect that Superior Energy Services will report full year sales of $1.92 billion for the current financial year, with estimates ranging from $1.85 billion to $1.97 billion. For the next year, analysts forecast that the business will post sales of $2.10 billion, with estimates ranging from $2.01 billion to $2.25 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Superior Energy Services.

Superior Energy Services (NYSE:SPN) last issued its quarterly earnings data on Tuesday, April 23rd. The oil and gas company reported ($0.31) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.07). Superior Energy Services had a negative return on equity of 19.11% and a negative net margin of 40.00%. The company had revenue of $467.20 million for the quarter, compared to analyst estimates of $495.35 million. During the same quarter last year, the business earned ($0.34) earnings per share. The company’s revenue was down 3.1% on a year-over-year basis.

SPN has been the subject of a number of analyst reports. ValuEngine upgraded shares of Superior Energy Services from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Goldman Sachs Group initiated coverage on shares of Superior Energy Services in a research report on Sunday, March 10th. They issued a “neutral” rating and a $5.50 price target for the company. Zacks Investment Research upgraded shares of Superior Energy Services from a “hold” rating to a “buy” rating and set a $5.75 price target for the company in a research report on Wednesday, April 10th. Jefferies Financial Group upgraded shares of Superior Energy Services from an “underperform” rating to a “hold” rating and lifted their price target for the company from $3.00 to $4.00 in a research report on Friday, March 15th. Finally, Piper Jaffray Companies set a $8.00 price target on shares of Superior Energy Services and gave the company a “buy” rating in a research report on Tuesday, February 19th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $7.92.

Shares of NYSE SPN traded down $0.07 during midday trading on Tuesday, reaching $1.62. The company’s stock had a trading volume of 2,669,173 shares, compared to its average volume of 3,581,469. The company has a current ratio of 2.12, a quick ratio of 1.76 and a debt-to-equity ratio of 5.18. Superior Energy Services has a fifty-two week low of $1.57 and a fifty-two week high of $11.50. The company has a market cap of $263.57 million, a price-to-earnings ratio of -1.80 and a beta of 2.22.

In other news, Director James M. Funk acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were acquired at an average cost of $4.29 per share, with a total value of $42,900.00. Following the completion of the purchase, the director now directly owns 32,179 shares of the company’s stock, valued at approximately $138,047.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.02% of the company’s stock.

A number of large investors have recently made changes to their positions in SPN. BlackRock Inc. grew its stake in shares of Superior Energy Services by 5.9% during the first quarter. BlackRock Inc. now owns 25,606,279 shares of the oil and gas company’s stock worth $119,582,000 after buying an additional 1,425,884 shares during the last quarter. Prudential PLC grew its stake in shares of Superior Energy Services by 48.5% during the fourth quarter. Prudential PLC now owns 5,381,500 shares of the oil and gas company’s stock worth $18,028,000 after buying an additional 1,756,900 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of Superior Energy Services by 156.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 3,313,766 shares of the oil and gas company’s stock worth $11,101,000 after buying an additional 2,022,800 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Superior Energy Services by 6.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,848,491 shares of the oil and gas company’s stock worth $13,303,000 after buying an additional 179,721 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Superior Energy Services by 4.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,944,064 shares of the oil and gas company’s stock worth $6,513,000 after buying an additional 76,626 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

About Superior Energy Services

Superior Energy Services, Inc provides oilfield services and equipment to oil and natural gas exploration and production companies in the United States, the Gulf of Mexico, and internationally. The company operates in four segments: Drilling Products and Services, Onshore Completion and Workover Services, Production Services, and Technical Solutions.

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Earnings History and Estimates for Superior Energy Services (NYSE:SPN)

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