Shares of Superior Energy Services, Inc. (NYSE:SPN) gapped down prior to trading on Friday . The stock had previously closed at $10.71, but opened at $10.42. Superior Energy Services shares last traded at $10.02, with a volume of 2,484,804 shares trading hands.

A number of equities analysts have issued reports on the company. Barclays PLC set a $12.00 price target on Superior Energy Services and gave the company a “hold” rating in a research note on Wednesday, July 26th. Deutsche Bank AG reiterated a “buy” rating and set a $15.00 price target (down previously from $22.00) on shares of Superior Energy Services in a research note on Thursday, July 27th. Scotiabank set a $22.00 price target on Superior Energy Services and gave the company a “buy” rating in a research note on Thursday, July 27th. Morgan Stanley downgraded Superior Energy Services from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, June 21st. Finally, BidaskClub upgraded Superior Energy Services from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the stock. Superior Energy Services has a consensus rating of “Hold” and a consensus target price of $16.11.

The stock’s 50 day moving average price is $9.57 and its 200 day moving average price is $10.92. The firm’s market cap is $1.53 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, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.07. The firm had revenue of $470.07 million for the quarter, compared to the consensus estimate of $465.75 million. Superior Energy Services had a negative net margin of 31.24% and a negative return on equity of 28.82%. The company’s revenue was up 31.9% on a year-over-year basis. During the same period last year, the firm earned ($3.09) EPS. Equities analysts forecast that Superior Energy Services, Inc. will post ($1.58) earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Superior Energy Services by 10,301.4% during 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 during the period. Vanguard Group Inc. raised its position in shares of Superior Energy Services by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 12,918,988 shares of the oil and gas company’s stock valued at $134,745,000 after purchasing an additional 353,628 shares during the period. Victory Capital Management Inc. raised its position in shares of Superior Energy Services by 20.7% during 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 during the period. Dimensional Fund Advisors LP raised its position in shares of Superior Energy Services by 33.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,272,972 shares of the oil and gas company’s stock valued at $86,287,000 after purchasing an additional 2,095,988 shares during the period. Finally, State Street Corp raised its position in shares of Superior Energy Services by 29.5% during the 2nd quarter. State Street Corp now owns 5,866,537 shares of the oil and gas company’s stock valued at $61,185,000 after purchasing an additional 1,335,740 shares during the period.

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About Superior Energy Services

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