Geode Capital Management LLC increased its stake in shares of Superior Energy Services, Inc. (NYSE:SPN) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,595,329 shares of the oil and gas company’s stock after buying an additional 70,168 shares during the period. Geode Capital Management LLC owned about 1.03% of Superior Energy Services worth $5,344,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Magnus Financial Group LLC purchased a new stake in Superior Energy Services during the fourth quarter worth about $94,000. Prudential PLC increased its holdings in Superior Energy Services by 48.5% during the fourth quarter. Prudential PLC now owns 5,381,500 shares of the oil and gas company’s stock worth $18,028,000 after buying an additional 1,756,900 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Superior Energy Services by 96.3% during the fourth quarter. Hsbc Holdings PLC now owns 140,704 shares of the oil and gas company’s stock worth $472,000 after buying an additional 69,040 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Superior Energy Services by 113.8% in the fourth quarter. Great West Life Assurance Co. Can now owns 195,705 shares of the oil and gas company’s stock worth $603,000 after purchasing an additional 104,187 shares in the last quarter. Finally, CIBC Asset Management Inc purchased a new position in shares of Superior Energy Services in the fourth quarter worth about $67,000.

In other news, Director James M. Funk acquired 10,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was bought at an average cost of $4.29 per share, for a total transaction of $42,900.00. Following the completion of the transaction, the director now owns 32,179 shares of the company’s stock, valued at $138,047.91. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.81% of the stock is currently owned by company insiders.

SPN has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Superior Energy Services from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Piper Jaffray Companies set a $8.00 target price on shares of Superior Energy Services and gave the stock a “buy” rating in a research note on Tuesday, February 19th. Wells Fargo & Co downgraded shares of Superior Energy Services from an “outperform” rating to a “market perform” rating in a research note on Monday, January 7th. Raymond James reiterated a “buy” rating and issued a $6.00 target price on shares of Superior Energy Services in a research note on Sunday, January 6th. Finally, ValuEngine upgraded shares of Superior Energy Services from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $8.61.

SPN stock opened at $4.79 on Monday. The company has a debt-to-equity ratio of 4.41, a current ratio of 2.13 and a quick ratio of 1.80. Superior Energy Services, Inc. has a 12 month low of $2.87 and a 12 month high of $12.73. The company has a market capitalization of $746.91 million, a PE ratio of -5.32 and a beta of 2.35.

Superior Energy Services (NYSE:SPN) last released its quarterly earnings data on Monday, February 18th. The oil and gas company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.08. Superior Energy Services had a negative net margin of 40.28% and a negative return on equity of 15.11%. The company had revenue of $539.33 million during the quarter, compared to analyst estimates of $514.64 million. During the same period last year, the business earned ($0.33) earnings per share. Superior Energy Services’s revenue was up 8.5% compared to the same quarter last year. Equities research analysts predict that Superior Energy Services, Inc. will post -0.74 EPS for the current year.

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Superior Energy Services Profile

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

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