Van ECK Associates Corp trimmed its holdings in Superior Energy Services, Inc. (NYSE:SPN) by 0.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,487,478 shares of the oil and gas company’s stock after selling 761 shares during the period. Van ECK Associates Corp owned about 4.89% of Superior Energy Services worth $78,094,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SPN. BlackRock Inc. raised its position in shares of Superior Energy Services by 10,301.4% in the 1st quarter. BlackRock Inc. now owns 23,424,814 shares of the oil and gas company’s stock valued at $334,036,000 after purchasing an additional 23,199,606 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of Superior Energy Services by 221.9% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 4,285,600 shares of the oil and gas company’s stock valued at $44,699,000 after purchasing an additional 2,954,100 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Superior Energy Services by 20.7% in the 2nd quarter. Victory Capital Management Inc. now owns 11,290,645 shares of the oil and gas company’s stock valued at $117,761,000 after purchasing an additional 1,933,360 shares in the last quarter. Anchor Capital Advisors LLC acquired a new position in shares of Superior Energy Services in the 1st quarter valued at approximately $16,380,000. Finally, GMT Capital Corp raised its position in shares of Superior Energy Services by 380.1% in the 1st quarter. GMT Capital Corp now owns 1,400,530 shares of the oil and gas company’s stock valued at $19,972,000 after purchasing an additional 1,108,800 shares in the last quarter.

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Shares of Superior Energy Services, Inc. (NYSE SPN) traded up 1.33% during midday trading on Wednesday, hitting $10.70. The stock had a trading volume of 357,071 shares. Superior Energy Services, Inc. has a one year low of $7.91 and a one year high of $19.39. The firm’s 50-day moving average price is $9.17 and its 200-day moving average price is $11.23. The firm’s market capitalization is $1.64 billion.

Superior Energy Services (NYSE:SPN) last announced its quarterly earnings data on Tuesday, July 25th. The oil and gas company reported ($0.41) EPS for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.07. The business had revenue of $470.07 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 31.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($3.09) earnings per share. On average, equities analysts predict that Superior Energy Services, Inc. will post ($1.57) EPS for the current year.

SPN has been the topic of a number of recent analyst reports. Jefferies Group LLC set a $14.00 target price on Superior Energy Services and gave the company a “hold” rating in a research report on Tuesday, June 6th. BidaskClub raised Superior Energy Services from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $14.00 target price (down from $30.00) on shares of Superior Energy Services in a research report on Wednesday, June 21st. Seaport Global Securities lowered Superior Energy Services from a “buy” rating to a “neutral” rating and cut their target price for the company from $13.00 to $10.00 in a research report on Wednesday, June 21st. Finally, Royal Bank Of Canada set a $20.00 target price on Superior Energy Services and gave the company a “hold” rating in a research report on Saturday, June 24th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $16.33.

Superior Energy Services Profile

Institutional Ownership by Quarter for Superior Energy Services (NYSE:SPN)

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