BMO Capital Markets restated their hold rating on shares of Superior Energy Services, Inc. (NYSE:SPN) in a report published on Friday morning. BMO Capital Markets currently has a $10.00 target price on the oil and gas company’s stock.

A number of other research analysts also recently commented on the company. Barclays PLC downgraded Superior Energy Services from an overweight rating to an equal weight rating and lowered their price objective for the stock from $18.00 to $11.00 in a research note on Wednesday, July 12th. ValuEngine downgraded Superior Energy Services from a sell rating to a strong sell rating in a research note on Friday, September 1st. Morgan Stanley restated an equal weight rating and set a $14.00 price objective (down from $30.00) on shares of Superior Energy Services in a research note on Wednesday, June 21st. Deutsche Bank AG restated a buy rating and set a $15.00 price objective (down from $22.00) on shares of Superior Energy Services in a research note on Thursday, July 27th. Finally, BidaskClub downgraded Superior Energy Services from a hold rating to a sell rating in a research note on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company. Superior Energy Services currently has an average rating of Hold and an average price target of $15.83.

Shares of Superior Energy Services (NYSE:SPN) traded down 0.88% during midday trading on Friday, hitting $10.17. The company had a trading volume of 2,427,956 shares. The stock’s 50-day moving average price is $9.84 and its 200-day moving average price is $10.81. The company’s market cap is $1.56 billion. Superior Energy Services has a 12 month low of $7.91 and a 12 month 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 Zacks’ consensus estimate of ($0.48) by $0.07. Superior Energy Services had a negative return on equity of 28.82% and a negative net margin of 31.24%. The business had revenue of $470.07 million during the quarter, compared to the consensus estimate of $465.75 million. During the same period in the previous year, the business earned ($3.09) EPS. The business’s quarterly revenue was up 31.9% on a year-over-year basis. On average, equities research analysts forecast that Superior Energy Services will post ($1.59) EPS for the current year.

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Several institutional investors have recently made changes to their positions in the company. World Asset Management Inc lifted its holdings in shares of Superior Energy Services by 0.3% in 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 buying an additional 34 shares during the period. Utah Retirement Systems lifted its holdings in shares of Superior Energy Services by 0.4% in the first quarter. Utah Retirement Systems now owns 27,379 shares of the oil and gas company’s stock valued at $391,000 after buying an additional 100 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of Superior Energy Services by 1.7% in the first quarter. Teacher Retirement System of Texas now owns 12,155 shares of the oil and gas company’s stock valued at $173,000 after buying an additional 203 shares during the period. Endurance Wealth Management Inc. lifted its holdings in shares of Superior Energy Services by 4.9% in the second quarter. Endurance Wealth Management Inc. now owns 11,565 shares of the oil and gas company’s stock valued at $121,000 after buying an additional 539 shares during the period. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in shares of Superior Energy Services by 0.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 142,360 shares of the oil and gas company’s stock valued at $2,030,000 after buying an additional 622 shares during the period.

Superior Energy Services Company Profile

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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