Somewhat Positive Press Coverage Somewhat Unlikely to Affect Superior Energy Services (SPN) Share Price
News headlines about Superior Energy Services (NYSE:SPN) have trended somewhat positive on Sunday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Superior Energy Services earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 46.2665409472676 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern’s scoring:
- Technical Analysis in Focus – Superior Energy Services, Inc., (NYSE: SPN) – Stock Watch (stocksnewstimes.com)
- Contrasting Superior Energy Services (SPN) and Matrix Service (MTRX) (americanbankingnews.com)
- Superior Energy Services, Inc. breached its 50 day moving average in a Bearish Manner : SPN-US : December 14, 2017 (finance.yahoo.com)
- Superior Energy Services, Inc. (NYSE: SPN) – Hot Stock Analysis – Alpha Beta Stock (alphabetastock.com)
- Superior Energy Services, Inc. (SPN) Gives a Face-Lift on Volatility Measure and Performance – Stock News Stop (stockmarketstop.com)
A number of research firms have recently weighed in on SPN. SunTrust Banks upgraded shares of Superior Energy Services from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Monday, November 20th. Scotiabank restated a “buy” rating on shares of Superior Energy Services in a report on Friday, October 27th. Royal Bank of Canada set a $12.00 target price on shares of Superior Energy Services and gave the stock a “hold” rating in a report on Wednesday, October 25th. Credit Suisse Group reduced their target price on shares of Superior Energy Services from $12.00 to $11.00 and set an “outperform” rating on the stock in a report on Wednesday, October 25th. Finally, Barclays set a $10.00 target price on shares of Superior Energy Services and gave the stock a “hold” rating in a report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $13.00.
Superior Energy Services (NYSE:SPN) last released its quarterly earnings results on Monday, October 23rd. The oil and gas company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.01). Superior Energy Services had a negative return on equity of 26.18% and a negative net margin of 24.59%. The firm had revenue of $506.00 million for the quarter, compared to analysts’ expectations of $511.23 million. During the same period in the prior year, the firm posted ($0.73) earnings per share. Superior Energy Services’s revenue for the quarter was up 55.1% on a year-over-year basis. analysts expect that Superior Energy Services will post -1.64 earnings per share for the current fiscal year.
In other news, Director Peter D. Kinnear purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was purchased at an average cost of $8.52 per share, with a total value of $170,400.00. Following the purchase, the director now owns 64,607 shares in the company, valued at $550,451.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.91% of the stock is currently owned by insiders.
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