BidaskClub lowered shares of Superior Energy Services, Inc. (NYSE:SPN) from a hold rating to a sell rating in a report published on Thursday.

SPN has been the topic of several other reports. Scotiabank set a $22.00 price objective on Superior Energy Services and gave the company a buy rating in a research report on Saturday, April 1st. Royal Bank Of Canada reaffirmed a hold rating and set a $20.00 price objective on shares of Superior Energy Services in a research report on Monday, April 3rd. BMO Capital Markets reaffirmed a market perform rating and set a $16.00 price objective on shares of Superior Energy Services in a research report on Wednesday, April 12th. Jefferies Group LLC reaffirmed a hold rating and set a $19.00 price objective on shares of Superior Energy Services in a research report on Tuesday, April 25th. Finally, Nomura set a $13.00 price objective on Superior Energy Services and gave the company a hold rating in a research report on Thursday, April 27th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $16.50.

Superior Energy Services (SPN) traded down 3.175% on Thursday, reaching $10.825. The company had a trading volume of 4,345,636 shares. Superior Energy Services has a one year low of $8.99 and a one year high of $19.39. The company’s 50 day moving average is $10.52 and its 200-day moving average is $13.43. The firm’s market capitalization is $1.66 billion.

Superior Energy Services (NYSE:SPN) last posted its earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.48) by $0.07. The company had revenue of $470.07 million for the quarter, compared to analysts’ expectations of $465.75 million. Superior Energy Services had a negative return on equity of 28.82% and a negative net margin of 31.24%. Superior Energy Services’s quarterly revenue was up 31.9% on a year-over-year basis. During the same period last year, the firm earned ($3.09) earnings per share. On average, equities research analysts expect that Superior Energy Services will post ($1.60) earnings per share for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in the company. Texas Permanent School Fund raised its position in shares of Superior Energy Services by 0.8% in the second quarter. Texas Permanent School Fund now owns 111,583 shares of the oil and gas company’s stock worth $1,164,000 after buying an additional 931 shares during the last quarter. World Asset Management Inc raised its position in shares of Superior Energy Services by 0.3% in the second quarter. World Asset Management Inc now owns 11,665 shares of the oil and gas company’s stock worth $122,000 after buying an additional 34 shares during the last quarter. Stonebridge Capital Management Inc. purchased a new position in shares of Superior Energy Services during the second quarter worth $321,000. NGAM Advisors L.P. raised its position in shares of Superior Energy Services by 44.8% in the second quarter. NGAM Advisors L.P. now owns 62,819 shares of the oil and gas company’s stock worth $655,000 after buying an additional 19,427 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. raised its position in shares of Superior Energy Services by 0.6% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 1,670,456 shares of the oil and gas company’s stock worth $17,423,000 after buying an additional 9,412 shares during the last quarter.

Superior Energy Services Company Profile

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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