Analysts forecast that Superior Energy Services, Inc. (NYSE:SPN) will announce $485.95 million in sales for the current quarter, Zacks reports. Eight analysts have made estimates for Superior Energy Services’ earnings, with estimates ranging from $470.00 million to $513.00 million. Superior Energy Services reported sales of $482.32 million in the same quarter last year, which indicates a positive year-over-year growth rate of 0.8%. The company is expected to announce its next earnings report after the market closes on Tuesday, April 23rd.

According to Zacks, analysts expect that Superior Energy Services will report full-year sales of $2.03 billion for the current fiscal year, with estimates ranging from $1.95 billion to $2.12 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.22 billion, with estimates ranging from $2.04 billion to $2.38 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Superior Energy Services.

Superior Energy Services (NYSE:SPN) last issued its quarterly earnings results on Monday, February 18th. The oil and gas company reported ($0.20) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.08. Superior Energy Services had a negative return on equity of 15.11% and a negative net margin of 40.28%. The firm had revenue of $539.33 million for the quarter, compared to analyst estimates of $514.64 million. During the same period in the previous year, the firm earned ($0.33) earnings per share. The company’s revenue was up 8.5% compared to the same quarter last year.

Several brokerages have issued reports on SPN. Credit Suisse Group lowered Superior Energy Services from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $10.00 to $4.50 in a research note on Wednesday, December 19th. Zacks Investment Research raised Superior Energy Services from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Jefferies Financial Group lowered Superior Energy Services from a “hold” rating to an “underperform” rating and dropped their price target for the company from $4.50 to $3.00 in a research note on Thursday, January 10th. Piper Jaffray Companies dropped their price target on Superior Energy Services from $9.00 to $5.00 and set a “buy” rating on the stock in a research note on Monday, December 31st. Finally, Raymond James reissued a “buy” rating and issued a $6.00 price target on shares of Superior Energy Services in a research note on Sunday, January 6th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. Superior Energy Services has an average rating of “Hold” and a consensus price target of $8.48.

In other news, Director James M. Funk bought 10,000 shares of the stock in a transaction dated Monday, March 11th. The shares were bought at an average cost of $4.29 per share, with a total value of $42,900.00. Following the completion of the transaction, the director now directly owns 32,179 shares of the company’s stock, valued at $138,047.91. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.81% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its holdings in Superior Energy Services by 96.2% during the third quarter. PNC Financial Services Group Inc. now owns 16,005 shares of the oil and gas company’s stock worth $156,000 after buying an additional 7,848 shares in the last quarter. BlackRock Inc. grew its holdings in Superior Energy Services by 0.6% during the third quarter. BlackRock Inc. now owns 18,014,468 shares of the oil and gas company’s stock worth $175,462,000 after buying an additional 106,965 shares in the last quarter. FMR LLC grew its holdings in Superior Energy Services by 5.4% during the third quarter. FMR LLC now owns 3,725,934 shares of the oil and gas company’s stock worth $36,291,000 after buying an additional 189,602 shares in the last quarter. Franklin Resources Inc. grew its holdings in Superior Energy Services by 8.5% during the third quarter. Franklin Resources Inc. now owns 1,543,880 shares of the oil and gas company’s stock worth $15,037,000 after buying an additional 121,400 shares in the last quarter. Finally, Standard Life Aberdeen plc grew its holdings in Superior Energy Services by 0.7% during the third quarter. Standard Life Aberdeen plc now owns 1,727,927 shares of the oil and gas company’s stock worth $16,821,000 after buying an additional 12,780 shares in the last quarter.

SPN traded down $0.04 during trading on Friday, hitting $4.99. The company’s stock had a trading volume of 25,997 shares, compared to its average volume of 2,481,202. Superior Energy Services has a twelve month low of $2.87 and a twelve month high of $12.73. The company has a debt-to-equity ratio of 4.41, a quick ratio of 1.80 and a current ratio of 2.13. The firm has a market cap of $784.33 million, a PE ratio of -5.58 and a beta of 2.35.

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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