Superior Energy Services, Inc. (SPN) PT Set at $14.00 by Cowen and Company
Superior Energy Services, Inc. (NYSE:SPN) received a $14.00 price target from Cowen and Company in a research note issued to investors on Friday. The brokerage presently has a “buy” rating on the oil and gas company’s stock. Cowen and Company’s target price would suggest a potential upside of 39.72% from the stock’s previous close.
Several other equities analysts have also commented on SPN. BidaskClub raised shares of Superior Energy Services from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Morgan Stanley reissued an “equal weight” rating and issued a $14.00 target price (down from $30.00) on shares of Superior Energy Services in a report on Wednesday, June 21st. Seaport Global Securities lowered shares of Superior Energy Services from a “buy” rating to a “neutral” rating and decreased their target price for the company from $13.00 to $10.00 in a report on Wednesday, June 21st. Royal Bank Of Canada set a $20.00 price target on shares of Superior Energy Services and gave the company a “hold” rating in a report on Saturday, June 24th. Finally, Guggenheim lowered shares of Superior Energy Services from a “buy” rating to a “neutral” rating in a report on Tuesday, June 27th. Two 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 company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $16.11.
Shares of Superior Energy Services (SPN) opened at 10.02 on Friday. The firm’s 50-day moving average is $9.57 and its 200 day moving average is $10.92. Superior Energy Services has a 52 week low of $7.91 and a 52 week high of $19.39. The company’s market capitalization is $1.53 billion.
Superior Energy Services (NYSE:SPN) last released its earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) EPS for the quarter, beating 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 firm had revenue of $470.07 million for the quarter, compared to analyst estimates of $465.75 million. During the same period last year, the firm earned ($3.09) EPS. The business’s quarterly revenue was up 31.9% compared to the same quarter last year. On average, analysts anticipate that Superior Energy Services will post ($1.58) earnings per share for the current fiscal year.
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Institutional investors and hedge funds have recently bought and sold shares of the business. Suntrust Banks Inc. bought a new stake in Superior Energy Services during the 2nd quarter worth approximately $108,000. Washington Trust Bank grew its holdings in Superior Energy Services by 10.1% during the 2nd quarter. Washington Trust Bank now owns 10,800 shares of the oil and gas company’s stock worth $113,000 after acquiring an additional 990 shares during the last quarter. Nomura Holdings Inc. bought a new stake in Superior Energy Services during the 2nd quarter worth approximately $116,000. Oakbrook Investments LLC bought a new stake in Superior Energy Services during the 2nd quarter worth approximately $118,000. Finally, Endurance Wealth Management Inc. grew its holdings in Superior Energy Services by 4.9% during the 2nd quarter. Endurance Wealth Management Inc. now owns 11,565 shares of the oil and gas company’s stock worth $121,000 after acquiring an additional 539 shares during the last quarter.
Superior Energy Services Company Profile
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