Superior Energy Services (SPN) Earning Somewhat Favorable News Coverage, Analysis Finds
Media stories about Superior Energy Services (NYSE:SPN) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Superior Energy Services earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 46.9276600636918 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Hot Tickers: Navient Corporation (NAVI), Superior Energy Services, Inc. (SPN) – Market Movers (financialqz.com)
- FY2017 EPS Estimates for Superior Energy Services, Inc. (SPN) Lifted by SunTrust Banks (americanbankingnews.com)
- Technical Secrets: Superior Energy Services Inc (NYSE: SPN) – Alpha Beta Stock (alphabetastock.com)
- SunTrust Robinson Humphrey Upgrades Superior Energy Services (SPN) to Buy – StreetInsider.com (streetinsider.com)
- SunTrust Banks, Inc. Upgrades Superior Energy Services, Inc. (SPN) to Buy (americanbankingnews.com)
Several equities analysts have recently issued reports on the company. Deutsche Bank AG assumed coverage on Superior Energy Services in a research note on Tuesday, October 10th. They issued a “buy” rating and a $15.00 price target on the stock. SunTrust Banks, Inc. upgraded Superior Energy Services from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Monday, November 20th. Barclays PLC set a $10.00 price target on Superior Energy Services and gave the company a “hold” rating in a research note on Wednesday, October 25th. Cowen Inc set a $12.00 price objective on Superior Energy Services and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Finally, Wells Fargo & Company lowered Superior Energy Services from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. Two research 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. Superior Energy Services currently has a consensus rating of “Hold” and an average price target of $13.82.
Superior Energy Services (NYSE:SPN) opened at $9.22 on Monday. 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 has a 52 week low of $7.66 and a 52 week high of $19.28.
Superior Energy Services (NYSE:SPN) last announced its quarterly earnings data on Monday, October 23rd. The oil and gas company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.01). The business had revenue of $506.00 million during the quarter, compared to analyst estimates of $511.23 million. Superior Energy Services had a negative net margin of 24.59% and a negative return on equity of 26.18%. 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 firm earned ($0.73) earnings per share. research analysts anticipate that Superior Energy Services will post -1.64 EPS for the current year.
In other Superior Energy Services news, Director Peter D. Kinnear acquired 20,000 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were bought at an average cost of $8.52 per share, with a total value of $170,400.00. Following the purchase, the director now directly owns 64,607 shares of the company’s stock, valued at $550,451.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.91% of the stock is owned by insiders.
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About Superior Energy Services
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