Dimensional Fund Advisors LP grew its holdings in Superior Energy Services, Inc. (NYSE:SPN) by 33.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,272,972 shares of the oil and gas company’s stock after purchasing an additional 2,095,988 shares during the period. Dimensional Fund Advisors LP owned about 5.40% of Superior Energy Services worth $86,287,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. World Asset Management Inc grew its holdings in shares of Superior Energy Services by 0.3% in the second quarter. World Asset Management Inc now owns 11,665 shares of the oil and gas company’s stock worth $122,000 after acquiring an additional 34 shares during the period. Utah Retirement Systems grew its holdings in shares of Superior Energy Services by 0.4% in the first quarter. Utah Retirement Systems now owns 27,379 shares of the oil and gas company’s stock worth $391,000 after acquiring an additional 100 shares during the period. Teacher Retirement System of Texas grew its holdings in shares of Superior Energy Services by 1.7% in the first quarter. Teacher Retirement System of Texas now owns 12,155 shares of the oil and gas company’s stock worth $173,000 after acquiring an additional 203 shares during the period. Endurance Wealth Management Inc. grew its holdings in shares of Superior Energy Services by 4.9% in the second 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 period. Finally, Metropolitan Life Insurance Co. NY grew its holdings in shares of Superior Energy Services by 0.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 142,360 shares of the oil and gas company’s stock worth $2,030,000 after acquiring an additional 622 shares during the period.

Several analysts recently commented on the company. Cowen and Company set a $14.00 price objective on Superior Energy Services and gave the stock a “buy” rating in a report on Friday. Jefferies Group LLC set a $13.00 price objective on Superior Energy Services and gave the stock a “hold” rating in a report on Thursday. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Superior Energy Services in a report on Tuesday, September 26th. ValuEngine lowered Superior Energy Services from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Finally, BidaskClub lowered Superior Energy Services from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $16.11.

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Superior Energy Services, Inc. (SPN) opened at 10.02 on Friday. The stock’s market capitalization is $1.53 billion. Superior Energy Services, Inc. has a 12 month low of $7.91 and a 12 month high of $19.39. The stock has a 50 day moving average price of $9.57 and a 200 day moving average price of $10.92.

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, beating the Zacks’ consensus estimate of ($0.48) by $0.07. Superior Energy Services had a negative return on equity of 28.82% and a negative net margin of 31.24%. The firm had revenue of $470.07 million for the quarter, compared to analysts’ expectations of $465.75 million. During the same period last year, the firm earned ($3.09) EPS. The company’s quarterly revenue was up 31.9% on a year-over-year basis. Equities analysts predict that Superior Energy Services, Inc. will post ($1.58) EPS for the current fiscal year.

About Superior Energy Services

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

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