Superior Energy Services, Inc. (NYSE:SPN) has earned an average rating of “Hold” from the twenty-three brokerages that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $7.11.

Several equities analysts recently commented on the stock. Scotiabank cut shares of Superior Energy Services from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, June 5th. Wolfe Research raised shares of Superior Energy Services from an “underperform” rating to an “outperform” rating and set a $4.00 price objective for the company in a research note on Tuesday, June 4th. JPMorgan Chase & Co. raised shares of Superior Energy Services from an “underweight” rating to a “neutral” rating and set a $1.62 price objective for the company in a research note on Tuesday, June 4th. Barclays cut shares of Superior Energy Services from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $5.00 to $2.00 in a research note on Monday, May 20th. Finally, ValuEngine cut shares of Superior Energy Services from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st.

NYSE SPN opened at $1.30 on Friday. Superior Energy Services has a 12-month low of $1.27 and a 12-month high of $11.14. The company has a debt-to-equity ratio of 5.18, a quick ratio of 1.76 and a current ratio of 2.12. The company has a market capitalization of $202.74 million, a PE ratio of -1.44 and a beta of 2.60.

Superior Energy Services (NYSE:SPN) last issued its quarterly earnings data on Tuesday, April 23rd. The oil and gas company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.07). The firm had revenue of $467.20 million for the quarter, compared to analysts’ expectations of $495.35 million. Superior Energy Services had a negative net margin of 40.00% and a negative return on equity of 19.11%. Superior Energy Services’s revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.34) EPS. Research analysts predict that Superior Energy Services will post -0.84 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. Quantamental Technologies LLC acquired a new stake in shares of Superior Energy Services during the 4th quarter worth approximately $25,000. New York State Teachers Retirement System raised its position in shares of Superior Energy Services by 26.9% during the 4th quarter. New York State Teachers Retirement System now owns 273,533 shares of the oil and gas company’s stock worth $916,000 after purchasing an additional 57,898 shares during the period. Arizona State Retirement System raised its position in shares of Superior Energy Services by 116.9% during the 4th quarter. Arizona State Retirement System now owns 237,974 shares of the oil and gas company’s stock worth $797,000 after purchasing an additional 128,253 shares during the period. Crossmark Global Holdings Inc. raised its position in shares of Superior Energy Services by 352.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 56,476 shares of the oil and gas company’s stock worth $189,000 after purchasing an additional 44,000 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Superior Energy Services by 56.3% during the 4th quarter. Rhumbline Advisers now owns 452,407 shares of the oil and gas company’s stock worth $1,516,000 after purchasing an additional 162,893 shares during the period. 98.84% of the stock is 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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