Superior Energy Services, Inc. Expected to Earn Q1 2018 Earnings of ($0.18) Per Share (SPN)
Superior Energy Services, Inc. (NYSE:SPN) – Equities research analysts at Jefferies Group issued their Q1 2018 earnings estimates for shares of Superior Energy Services in a research report issued to clients and investors on Monday. Jefferies Group analyst B. Handler anticipates that the oil and gas company will post earnings of ($0.18) per share for the quarter. Jefferies Group has a “Hold” rating and a $11.00 price target on the stock. Jefferies Group also issued estimates for Superior Energy Services’ Q2 2018 earnings at ($0.15) EPS, Q3 2018 earnings at ($0.11) EPS, Q4 2018 earnings at ($0.06) EPS and FY2020 earnings at $1.25 EPS.
Superior Energy Services (NYSE:SPN) last released its quarterly earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.07. The business had revenue of $470.07 million for the quarter, compared to the consensus estimate of $465.75 million. Superior Energy Services had a negative net margin of 31.24% and a negative return on equity of 28.82%. The business’s revenue was up 31.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($3.09) EPS. TRADEMARK VIOLATION NOTICE: This news story was published by Watch List News and is the property of of Watch List News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.watchlistnews.com/superior-energy-services-inc-expected-to-earn-q1-2018-earnings-of-0-18-per-share-spn/1638820.html.
Several other research analysts have also issued reports on SPN. Wells Fargo & Company lowered Superior Energy Services from an “outperform” rating to a “market perform” rating in a research note on Monday. Royal Bank Of Canada set a $20.00 price objective on Superior Energy Services and gave the stock a “hold” rating in a research note on Saturday, June 24th. BMO Capital Markets reiterated a “hold” rating and set a $10.00 price objective on shares of Superior Energy Services in a research note on Friday, October 13th. Cowen and Company set a $14.00 price objective on Superior Energy Services and gave the stock a “buy” rating in a research note on Friday, October 6th. Finally, BidaskClub lowered Superior Energy Services from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $15.72.
Shares of Superior Energy Services (NYSE SPN) traded down 2.88% during midday trading on Tuesday, reaching $9.45. 1,667,262 shares of the company traded hands. The stock’s market capitalization is $1.45 billion. The company’s 50 day moving average is $9.89 and its 200-day moving average is $10.77. Superior Energy Services has a 12 month low of $7.91 and a 12 month high of $19.39.
Institutional investors have recently bought and sold shares of the stock. Contrarius Investment Management Ltd bought a new position in Superior Energy Services in the second quarter valued at about $3,279,000. Pzena Investment Management LLC boosted its holdings in Superior Energy Services by 1.2% during the second quarter. Pzena Investment Management LLC now owns 3,998,348 shares of the oil and gas company’s stock worth $41,703,000 after buying an additional 48,531 shares during the last quarter. Mitchell Group Inc. boosted its holdings in Superior Energy Services by 17.7% during the second quarter. Mitchell Group Inc. now owns 2,534,080 shares of the oil and gas company’s stock worth $26,430,000 after buying an additional 381,150 shares during the last quarter. Rhumbline Advisers boosted its holdings in Superior Energy Services by 14.6% during the second quarter. Rhumbline Advisers now owns 322,557 shares of the oil and gas company’s stock worth $3,364,000 after buying an additional 41,064 shares during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. boosted its holdings in Superior Energy Services by 1.8% during the first quarter. Liberty Mutual Group Asset Management Inc. now owns 68,737 shares of the oil and gas company’s stock worth $980,000 after buying an additional 1,192 shares during the last quarter.
About Superior Energy Services
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