Superior Energy Services (NYSE:SPN) was upgraded by equities researchers at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research note issued to investors on Tuesday, The Fly reports.

SPN has been the topic of several other research reports. Jefferies Financial Group raised shares of Superior Energy Services from an “underperform” rating to a “hold” rating and lifted their price target for the company from $3.00 to $4.00 in a research report on Friday, March 15th. Zacks Investment Research lowered shares of Superior Energy Services from a “buy” rating to a “hold” rating in a research report on Saturday, April 20th. Barclays lowered shares of Superior Energy Services from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $5.00 to $2.00 in a research report on Monday, May 20th. Gabelli lowered Superior Energy Services from a “buy” rating to a “hold” rating and set a $8.00 target price on the stock. in a research report on Thursday, April 25th. Finally, ValuEngine lowered Superior Energy Services from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the stock. Superior Energy Services presently has an average rating of “Hold” and a consensus target price of $7.92.

SPN stock opened at $1.62 on Tuesday. The company has a market cap of $252.65 million, a PE ratio of -1.80 and a beta of 2.61. The company has a debt-to-equity ratio of 5.18, a quick ratio of 1.76 and a current ratio of 2.12. Superior Energy Services has a one year low of $1.57 and a one year high of $11.14.

Superior Energy Services (NYSE:SPN) last released its quarterly earnings results on Tuesday, April 23rd. The oil and gas company reported ($0.31) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.07). The firm had revenue of $467.20 million for the quarter, compared to analysts’ expectations of $495.35 million. Superior Energy Services had a negative net margin of 40.00% and a negative return on equity of 19.11%. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.34) EPS. Analysts forecast that Superior Energy Services will post -0.82 earnings per share for the current year.

In other Superior Energy Services news, Director James M. Funk purchased 10,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was acquired at an average price of $4.29 per share, for a total transaction of $42,900.00. Following the completion of the purchase, the director now directly owns 32,179 shares in the company, valued at approximately $138,047.91. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 4.02% of the company’s stock.

Several large investors have recently bought and sold shares of the business. Marshall Wace North America L.P. acquired a new position in shares of Superior Energy Services in the first quarter worth $131,000. Marshall Wace LLP acquired a new position in shares of Superior Energy Services in the first quarter worth $404,000. Lombard Odier Asset Management USA Corp acquired a new position in shares of Superior Energy Services in the first quarter worth $2,100,000. FMR LLC grew its stake in shares of Superior Energy Services by 11.8% in the first quarter. FMR LLC now owns 482,032 shares of the oil and gas company’s stock worth $2,251,000 after acquiring an additional 50,899 shares in the last quarter. Finally, BlueMountain Capital Management LLC grew its stake in shares of Superior Energy Services by 253.8% in the first quarter. BlueMountain Capital Management LLC now owns 253,825 shares of the oil and gas company’s stock worth $1,185,000 after acquiring an additional 182,075 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Superior Energy Services Company Profile

Superior Energy Services, Inc provides oilfield services and equipment to oil and natural gas exploration and production companies in the United States, the Gulf of Mexico, and internationally. The company operates in four segments: Drilling Products and Services, Onshore Completion and Workover Services, Production Services, and Technical Solutions.

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Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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