Superior Energy Services, Inc. (NYSE:SPN) has received a consensus recommendation of “Hold” from the twenty-two ratings firms that are currently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $7.77.

SPN has been the topic of several analyst reports. ValuEngine upgraded shares of Superior Energy Services from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Zacks Investment Research upgraded shares of Superior Energy Services from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Goldman Sachs Group initiated coverage on shares of Superior Energy Services in a report on Sunday, March 10th. They issued a “neutral” rating and a $5.50 price objective for the company. Jefferies Financial Group upgraded shares of Superior Energy Services from an “underperform” rating to a “hold” rating and increased their price objective for the company from $3.00 to $4.00 in a report on Friday, March 15th. Finally, Piper Jaffray Companies set a $8.00 price objective on shares of Superior Energy Services and gave the company a “buy” rating in a report on Tuesday, February 19th.

In other Superior Energy Services news, Director James M. Funk bought 10,000 shares of Superior Energy Services stock in a transaction that occurred on Monday, March 11th. The stock was purchased at an average cost of $4.29 per share, for a total transaction of $42,900.00. Following the completion of the acquisition, the director now owns 32,179 shares of the company’s stock, valued at approximately $138,047.91. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.02% of the company’s stock.

A number of large investors have recently modified their holdings of SPN. Quantamental Technologies LLC acquired a new position in Superior Energy Services in the 4th quarter worth approximately $25,000. Versant Capital Management Inc boosted its stake in Superior Energy Services by 1,609.3% in the 1st quarter. Versant Capital Management Inc now owns 6,427 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 6,051 shares during the period. Advisor Partners LLC acquired a new position in Superior Energy Services in the 4th quarter worth approximately $42,000. Shelton Capital Management acquired a new position in Superior Energy Services in the 4th quarter worth approximately $52,000. Finally, CIBC Asset Management Inc acquired a new position in Superior Energy Services in the 4th quarter worth approximately $67,000.

Shares of NYSE:SPN traded down $0.29 during trading hours on Monday, hitting $2.19. The stock had a trading volume of 4,839,323 shares, compared to its average volume of 3,502,616. Superior Energy Services has a 1-year low of $2.45 and a 1-year high of $12.73. The firm has a market capitalization of $386.77 million, a P/E ratio of -2.43 and a beta of 2.22. The company has a current ratio of 2.12, a quick ratio of 1.76 and a debt-to-equity ratio of 5.18.

Superior Energy Services (NYSE:SPN) last announced its quarterly earnings results on Tuesday, April 23rd. The oil and gas company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.07). Superior Energy Services had a negative net margin of 40.00% and a negative return on equity of 19.11%. The firm had revenue of $467.20 million during the quarter, compared to analyst estimates of $495.35 million. During the same quarter in the previous year, the business posted ($0.34) EPS. Superior Energy Services’s revenue for the quarter was down 3.1% compared to the same quarter last year. Analysts predict that Superior Energy Services will post -0.82 EPS for the current year.

About Superior Energy Services

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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Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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