PEAK6 Investments L.P. grew its position in shares of Superior Energy Services, Inc. (NYSE:SPN) by 149.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,704 shares of the oil and gas company’s stock after buying an additional 38,640 shares during the quarter. PEAK6 Investments L.P.’s holdings in Superior Energy Services were worth $136,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Summit Financial Wealth Advisors LLC purchased a new stake in shares of Superior Energy Services during the third quarter valued at approximately $107,000. Suntrust Banks Inc. purchased a new stake in shares of Superior Energy Services during the second quarter valued at approximately $108,000. Nomura Holdings Inc. purchased a new stake in shares of Superior Energy Services during the second quarter valued at approximately $116,000. World Asset Management Inc lifted its position in Superior Energy Services by 0.3% during the second quarter. World Asset Management Inc now owns 11,665 shares of the oil and gas company’s stock valued at $122,000 after purchasing an additional 34 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new position in Superior Energy Services during the third quarter valued at approximately $126,000.

SPN has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Superior Energy Services from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Piper Jaffray Companies set a $12.00 price objective on shares of Superior Energy Services and gave the company a “buy” rating in a research report on Wednesday, August 16th. ValuEngine downgraded shares of Superior Energy Services from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Jefferies Group set a $13.00 price objective on shares of Superior Energy Services and gave the company a “hold” rating in a research report on Thursday, October 5th. Finally, Cowen set a $14.00 price objective on shares of Superior Energy Services and gave the company a “buy” rating in a research report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $13.82.

In other Superior Energy Services news, Director Peter D. Kinnear purchased 20,000 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were acquired at an average cost of $8.52 per share, for a total transaction 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 acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.91% of the stock is currently owned by company insiders.

Superior Energy Services, Inc. (SPN) traded up $0.09 on Friday, reaching $9.27. 1,718,010 shares of the company’s stock traded hands, compared to its average volume of 2,617,190. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.64 and a current ratio of 1.99. Superior Energy Services, Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $19.28.

Superior Energy Services (NYSE:SPN) last released its quarterly earnings results on Monday, October 23rd. The oil and gas company reported ($0.33) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.32) by ($0.01). Superior Energy Services had a negative return on equity of 26.18% and a negative net margin of 24.59%. The business had revenue of $506.00 million during the quarter, compared to the consensus estimate of $511.23 million. During the same quarter in the previous year, the business posted ($0.73) earnings per share. The firm’s revenue was up 55.1% on a year-over-year basis. equities analysts anticipate that Superior Energy Services, Inc. will post -1.64 EPS for the current year.

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About Superior Energy Services

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

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