Royal Bank Of Canada set a $14.00 target price on Superior Energy Services, Inc. (NYSE:SPN) in a research report sent to investors on Wednesday morning. The brokerage currently has a hold rating on the oil and gas company’s stock.

Other equities research analysts have also issued reports about the company. Barclays PLC reiterated a buy rating and set a $18.00 price target on shares of Superior Energy Services in a report on Friday, April 28th. Deutsche Bank AG reduced their price target on Superior Energy Services from $26.00 to $22.00 and set a buy rating for the company in a report on Friday, April 28th. Scotiabank set a $22.00 price target on Superior Energy Services and gave the company a buy rating in a report on Saturday, April 1st. Loop Capital reiterated a buy rating on shares of Superior Energy Services in a report on Monday, July 3rd. Finally, Piper Jaffray Companies set a $15.00 price target on Superior Energy Services and gave the company a buy rating in a report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $16.56.

Shares of Superior Energy Services (NYSE:SPN) opened at 11.18 on Wednesday. The firm’s market cap is $1.71 billion. Superior Energy Services has a 52-week low of $8.99 and a 52-week high of $19.39. The company’s 50-day moving average is $10.52 and its 200-day moving average is $13.43.

Superior Energy Services (NYSE:SPN) last announced its quarterly earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.07. The business had revenue of $470.07 million during 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 was up 31.9% on a year-over-year basis. During the same period in the previous year, the company earned ($3.09) EPS. Equities research analysts forecast that Superior Energy Services will post ($1.60) earnings per share for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in the stock. Ferguson Wellman Capital Management Inc. boosted its stake in Superior Energy Services by 5.0% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 1,661,044 shares of the oil and gas company’s stock worth $23,686,000 after buying an additional 78,623 shares in the last quarter. Nationwide Fund Advisors boosted its stake in Superior Energy Services by 2.7% in the first quarter. Nationwide Fund Advisors now owns 282,717 shares of the oil and gas company’s stock worth $4,032,000 after buying an additional 7,338 shares in the last quarter. Retirement Systems of Alabama boosted its stake in Superior Energy Services by 111.8% in the first quarter. Retirement Systems of Alabama now owns 415,007 shares of the oil and gas company’s stock worth $5,918,000 after buying an additional 219,058 shares in the last quarter. Hermes Investment Management Ltd. boosted its stake in Superior Energy Services by 2.9% in the first quarter. Hermes Investment Management Ltd. now owns 1,627,573 shares of the oil and gas company’s stock worth $23,209,000 after buying an additional 45,133 shares in the last quarter. Finally, Washington Trust Bank boosted its stake in Superior Energy Services by 17.7% in the first quarter. Washington Trust Bank now owns 9,810 shares of the oil and gas company’s stock worth $140,000 after buying an additional 1,478 shares in the last quarter.

Superior Energy Services Company Profile

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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