Somewhat Positive Media Coverage Somewhat Unlikely to Affect Superior Energy Services (SPN) Stock Price
News coverage about Superior Energy Services (NYSE:SPN) has trended somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Superior Energy Services earned a news impact score of 0.25 on Accern’s scale. Accern also assigned media stories about the oil and gas company an impact score of 46 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Superior Energy Services, Inc. (NYSE:SPN) Earns “Hold” Rating from Jefferies Group LLC (americanbankingnews.com)
- ETFs with exposure to Superior Energy Services, Inc. : July 14, 2017 (finance.yahoo.com)
- Superior Energy Services, Inc. (SPN) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
- North America Well Completion Equipment and Services Market Global Opportunity Analysis and Industry Forecast, 2014 – 2022 (sbwire.com)
- Superior Energy Has Returned 35.7% Since SmarTrend Recommendation (SPN) (mysmartrend.com)
A number of equities research analysts have recently issued reports on the stock. Seaport Global Securities downgraded shares of Superior Energy Services from a “buy” rating to a “neutral” rating and reduced their price target for the company from $13.00 to $10.00 in a research report on Wednesday, June 21st. Nomura set a $13.00 price target on shares of Superior Energy Services and gave the company a “hold” rating in a research report on Thursday, April 27th. Loop Capital reiterated a “buy” rating on shares of Superior Energy Services in a research report on Monday, July 3rd. Jefferies Group LLC reiterated a “hold” rating and set a $19.00 price target on shares of Superior Energy Services in a research report on Tuesday, April 25th. Finally, BMO Capital Markets reduced their price target on shares of Superior Energy Services from $16.00 to $15.00 and set a “market perform” rating for the company in a research report on Tuesday, May 2nd. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. Superior Energy Services currently has a consensus rating of “Hold” and a consensus target price of $17.63.
Shares of Superior Energy Services (NYSE SPN) traded up 1.71% during mid-day trading on Monday, reaching $11.27. 634,864 shares of the company were exchanged. The firm’s 50-day moving average is $10.69 and its 200-day moving average is $14.36. Superior Energy Services has a 12 month low of $8.99 and a 12 month high of $19.39. The company’s market capitalization is $1.72 billion.
Superior Energy Services (NYSE:SPN) last announced its quarterly earnings results on Tuesday, April 25th. The oil and gas company reported ($0.59) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.61) by $0.02. Superior Energy Services had a negative net margin of 62.02% and a negative return on equity of 27.75%. The company had revenue of $400.94 million for the quarter, compared to analyst estimates of $388.26 million. During the same quarter in the prior year, the business posted ($0.49) EPS. Superior Energy Services’s quarterly revenue was down 3.0% on a year-over-year basis. On average, equities analysts forecast that Superior Energy Services will post ($1.70) earnings per share for the current fiscal year.
In other news, insider David D. Dunlap bought 45,000 shares of the stock in a transaction that occurred on Friday, April 28th. The shares were acquired at an average cost of $12.26 per share, for a total transaction of $551,700.00. Following the purchase, the insider now owns 530,657 shares of the company’s stock, valued at approximately $6,505,854.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.91% of the company’s stock.
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Superior Energy Services Company Profile
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