Seaport Global Securities reaffirmed their neutral rating on shares of Superior Energy Services, Inc. (NYSE:SPN) in a research note released on Wednesday. Seaport Global Securities also issued estimates for Superior Energy Services’ Q3 2017 earnings at ($0.40) EPS, Q4 2017 earnings at ($0.31) EPS, FY2017 earnings at ($1.79) EPS, Q1 2018 earnings at ($0.25) EPS, Q2 2018 earnings at ($0.21) EPS, Q3 2018 earnings at ($0.17) EPS, Q4 2018 earnings at ($0.13) EPS, FY2018 earnings at ($0.76) EPS, Q1 2019 earnings at ($0.11) EPS, Q2 2019 earnings at ($0.08) EPS and FY2019 earnings at ($0.28) EPS.

Other research analysts have also issued research reports about the company. BMO Capital Markets restated a market perform rating and issued a $16.00 price objective on shares of Superior Energy Services in a report on Wednesday, April 12th. Scotiabank set a $22.00 price objective on Superior Energy Services and gave the company a buy rating in a report on Saturday, April 1st. Royal Bank Of Canada set a $20.00 price objective on Superior Energy Services and gave the company a hold rating in a report on Saturday, June 24th. Jefferies Group LLC restated a hold rating and issued a $14.00 price objective on shares of Superior Energy Services in a report on Friday, July 14th. Finally, BidaskClub lowered Superior Energy Services from a hold rating to a sell rating in a report on Thursday. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company. Superior Energy Services has a consensus rating of Hold and a consensus target price of $16.56.

Shares of Superior Energy Services (NYSE:SPN) opened at 11.18 on Wednesday. The company has a 50-day moving average of $10.52 and a 200 day moving average of $13.43. The company’s market cap is $1.71 billion. Superior Energy Services has a 12 month low of $8.99 and a 12 month high of $19.39.

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

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Several hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new position in Superior Energy Services during the fourth quarter valued at $1,329,000. Norges Bank purchased a new position in Superior Energy Services during the fourth quarter valued at $18,930,000. Hudson Bay Capital Management LP purchased a new position in Superior Energy Services during the fourth quarter valued at $295,000. Teachers Advisors LLC increased its position in Superior Energy Services by 2.0% in the fourth quarter. Teachers Advisors LLC now owns 1,519,477 shares of the oil and gas company’s stock valued at $25,649,000 after buying an additional 29,137 shares in the last quarter. Finally, Macquarie Group Ltd. increased its position in Superior Energy Services by 131.2% in the fourth quarter. Macquarie Group Ltd. now owns 1,049,769 shares of the oil and gas company’s stock valued at $17,720,000 after buying an additional 595,761 shares in the last quarter.

Superior Energy Services Company Profile

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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