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

Several other research firms also recently commented on SPN. Cowen and Company set a $14.00 target price on shares of Superior Energy Services and gave the stock a buy rating in a research report on Friday, October 6th. Morgan Stanley downgraded shares of Superior Energy Services from an overweight rating to an equal weight rating in a research report on Wednesday, June 21st. Piper Jaffray Companies set a $15.00 price target on shares of Superior Energy Services and gave the stock a buy rating in a research report on Tuesday, July 25th. Barclays PLC set a $12.00 price target on shares of Superior Energy Services and gave the stock a hold rating in a research report on Wednesday, July 26th. Finally, BidaskClub downgraded shares of Superior Energy Services from a hold rating to a sell rating in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $16.11.

Shares of Superior Energy Services (NYSE SPN) opened at 10.17 on Friday. The company’s market cap is $1.56 billion. Superior Energy Services has a 52 week low of $7.91 and a 52 week high of $19.39. The firm has a 50-day moving average of $9.67 and a 200 day moving average of $10.84.

Superior Energy Services (NYSE:SPN) last posted its earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.48) by $0.07. Superior Energy Services had a negative net margin of 31.24% and a negative return on equity of 28.82%. The business had revenue of $470.07 million for the quarter, compared to the consensus estimate of $465.75 million. During the same period last year, the company earned ($3.09) EPS. The firm’s revenue was up 31.9% compared to the same quarter last year. Equities analysts anticipate that Superior Energy Services will post ($1.58) earnings per share for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC lifted its position in shares of Superior Energy Services by 1.7% during the 2nd quarter. Lord Abbett & CO. LLC now owns 408,500 shares of the oil and gas company’s stock valued at $4,261,000 after acquiring an additional 6,800 shares during the period. Phocas Financial Corp. lifted its position in shares of Superior Energy Services by 4.7% during the 2nd quarter. Phocas Financial Corp. now owns 594,698 shares of the oil and gas company’s stock valued at $6,203,000 after acquiring an additional 26,550 shares during the period. Ameritas Investment Partners Inc. lifted its position in shares of Superior Energy Services by 29.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 58,421 shares of the oil and gas company’s stock valued at $609,000 after acquiring an additional 13,369 shares during the period. Nomura Holdings Inc. acquired a new position in shares of Superior Energy Services during the 2nd quarter valued at $116,000. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of Superior Energy Services by 21.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 25,878 shares of the oil and gas company’s stock valued at $270,000 after acquiring an additional 4,598 shares during the period.

About Superior Energy Services

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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