Brokerages predict that Superior Energy Services, Inc. (NYSE:SPN) will post earnings of ($0.11) per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for Superior Energy Services’ earnings, with the highest EPS estimate coming in at ($0.06) and the lowest estimate coming in at ($0.20). Superior Energy Services posted earnings per share of ($0.33) during the same quarter last year, which would indicate a positive year-over-year growth rate of 66.7%. The business is expected to issue its next earnings report on Monday, October 22nd.

On average, analysts expect that Superior Energy Services will report full-year earnings of ($0.79) per share for the current year, with EPS estimates ranging from ($0.98) to ($0.65). For the next fiscal year, analysts anticipate that the firm will post earnings of ($0.38) per share, with EPS estimates ranging from ($0.70) to $0.00. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that follow Superior Energy Services.

Superior Energy Services (NYSE:SPN) last announced its quarterly earnings data on Tuesday, July 24th. The oil and gas company reported ($0.16) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $0.06. The firm had revenue of $553.55 million for the quarter, compared to the consensus estimate of $532.07 million. Superior Energy Services had a negative net margin of 6.76% and a negative return on equity of 16.43%. The company’s revenue was up 17.8% on a year-over-year basis. During the same period last year, the firm earned ($0.41) EPS.

Several analysts have recently commented on SPN shares. Stifel Nicolaus started coverage on shares of Superior Energy Services in a research report on Monday, September 10th. They set a “hold” rating and a $9.00 price objective on the stock. Credit Suisse Group decreased their price objective on shares of Superior Energy Services from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Thursday, July 26th. Capital One Financial reiterated an “overweight” rating on shares of Superior Energy Services in a report on Wednesday, July 25th. Morgan Stanley downgraded shares of Superior Energy Services from an “equal weight” rating to an “underweight” rating in a report on Thursday, July 12th. Finally, ValuEngine upgraded shares of Superior Energy Services from a “sell” rating to a “hold” rating in a report on Monday, August 13th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $12.18.

Several institutional investors have recently bought and sold shares of SPN. NumerixS Investment Technologies Inc bought a new stake in shares of Superior Energy Services in the 2nd quarter worth about $109,000. Signition LP bought a new stake in shares of Superior Energy Services in the 1st quarter worth about $120,000. Teza Capital Management LLC bought a new stake in shares of Superior Energy Services in the 1st quarter worth about $146,000. Element Capital Management LLC bought a new stake in shares of Superior Energy Services in the 1st quarter worth about $161,000. Finally, Balter Liquid Alternatives LLC bought a new stake in shares of Superior Energy Services in the 2nd quarter worth about $208,000.

Shares of SPN stock traded up $0.32 on Thursday, hitting $10.15. 139,882 shares of the stock traded hands, compared to its average volume of 2,944,649. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of -6.10 and a beta of 2.14. Superior Energy Services has a 52 week low of $7.66 and a 52 week high of $12.73. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.97 and a quick ratio of 1.56.

Superior Energy Services Company Profile

Superior Energy Services, Inc provides oilfield services and equipment to oil and natural gas exploration and production companies in the United States, the Gulf of Mexico, and internationally. The company operates in four segments: Drilling Products and Services, Onshore Completion and Workover Services, Production Services, and Technical Solutions.

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Earnings History and Estimates for Superior Energy Services (NYSE:SPN)

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