Superior Energy Services, Inc. (NYSE:SPN) gapped up before the market opened on Tuesday . The stock had previously closed at $8.27, but opened at $8.81. Superior Energy Services shares last traded at $9.00, with a volume of 3569078 shares.

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank AG assumed coverage on shares of Superior Energy Services in a report on Tuesday, October 10th. They set a “buy” rating and a $15.00 target price for the company. SunTrust Banks, Inc. raised shares of Superior Energy Services from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Monday. Barclays PLC set a $10.00 price objective on shares of Superior Energy Services and gave the company a “hold” rating in a report on Wednesday, October 25th. Cowen and Company set a $12.00 price objective on shares of Superior Energy Services and gave the company an “outperform” rating in a report on Wednesday, October 25th. Finally, Wells Fargo & Company lowered shares of Superior Energy Services from an “outperform” rating to a “market perform” rating in a report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $13.82.

The company has a current ratio of 1.99, a quick ratio of 1.64 and a debt-to-equity ratio of 1.15.

Superior Energy Services (NYSE:SPN) last issued its quarterly earnings results on Monday, October 23rd. The oil and gas company reported ($0.33) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.32) by ($0.01). The business had revenue of $506.00 million for the quarter, compared to analyst estimates of $511.23 million. Superior Energy Services had a negative return on equity of 26.18% and a negative net margin of 24.59%. The firm’s revenue for the quarter was up 55.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.73) EPS. analysts expect that Superior Energy Services, Inc. will post -1.63 EPS for the current year.

In other Superior Energy Services news, Director Peter D. Kinnear purchased 20,000 shares of Superior Energy Services stock in a transaction dated Monday, October 30th. The shares were acquired at an average price of $8.52 per share, with a total value of $170,400.00. Following the completion of the transaction, the director now owns 64,607 shares of the company’s stock, valued at $550,451.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.49% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Summit Financial Wealth Advisors LLC acquired a new stake in Superior Energy Services in the third quarter valued at approximately $107,000. Suntrust Banks Inc. acquired a new stake in Superior Energy Services in the second quarter valued at approximately $108,000. Washington Trust Bank raised its holdings in Superior Energy Services by 10.1% in the second quarter. Washington Trust Bank now owns 10,800 shares of the oil and gas company’s stock valued at $113,000 after acquiring an additional 990 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in Superior Energy Services in the second quarter valued at approximately $116,000. Finally, Oakbrook Investments LLC acquired a new stake in Superior Energy Services in the second quarter valued at approximately $118,000.

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About Superior Energy Services

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