Superior Energy Services (SPN) Earning Somewhat Favorable News Coverage, Study Shows
News coverage about Superior Energy Services (NYSE:SPN) has been trending somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Superior Energy Services earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 46.3953105918635 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Superior Energy Services, Inc. Expected to Post Q1 2018 Earnings of ($0.18) Per Share (SPN) (americanbankingnews.com)
- Superior Energy Services, Inc. (SPN) Rating Reiterated by Jefferies Group LLC (americanbankingnews.com)
- Superior Energy Services, Inc. (SPN) Set to Announce Earnings on Monday (americanbankingnews.com)
- Q3 2017 EPS Estimates for Superior Energy Services, Inc. Cut by Analyst (SPN) (americanbankingnews.com)
- Superior Energy Services’ (SPN) “Hold” Rating Reiterated at BMO Capital Markets (americanbankingnews.com)
Shares of Superior Energy Services (SPN) traded down 2.99% on Tuesday, reaching $9.74. The company had a trading volume of 2,874,525 shares. The firm has a 50-day moving average price of $9.89 and a 200 day moving average price of $10.77. The firm’s market capitalization is $1.49 billion. Superior Energy Services has a 1-year low of $7.91 and a 1-year high of $19.39.
Superior Energy Services (NYSE:SPN) last issued its quarterly earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.07. The company had revenue of $470.07 million during the quarter, compared to the consensus estimate of $465.75 million. Superior Energy Services had a negative return on equity of 28.82% and a negative net margin of 31.24%. Superior Energy Services’s revenue was up 31.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($3.09) EPS. Equities research analysts predict that Superior Energy Services will post ($1.60) earnings per share for the current year.
A number of equities analysts have issued reports on SPN shares. Morgan Stanley reiterated an “equal weight” rating and set a $14.00 price target (down previously from $30.00) on shares of Superior Energy Services in a research report on Wednesday, June 21st. Seaport Global Securities cut Superior Energy Services from a “buy” rating to a “neutral” rating and reduced their target price for the company from $13.00 to $10.00 in a report on Wednesday, June 21st. Royal Bank Of Canada set a $20.00 target price on Superior Energy Services and gave the company a “hold” rating in a report on Saturday, June 24th. Guggenheim cut Superior Energy Services from a “buy” rating to a “neutral” rating in a report on Tuesday, June 27th. Finally, Loop Capital reissued a “buy” rating on shares of Superior Energy Services in a report on Monday, July 3rd. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $15.72.
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Superior Energy Services Company Profile
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