Wedge Capital Management L L P NC increased its position in shares of Superior Energy Services, Inc. (NYSE:SPN) by 20.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,202,933 shares of the oil and gas company’s stock after buying an additional 201,937 shares during the period. Wedge Capital Management L L P NC’s holdings in Superior Energy Services were worth $12,547,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. World Asset Management Inc increased its position in 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 worth $122,000 after buying an additional 34 shares during the last quarter. Utah Retirement Systems increased its position in 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 worth $391,000 after buying an additional 100 shares during the last quarter. Endurance Wealth Management Inc. increased its position in Superior Energy Services by 1.0% in the first quarter. Endurance Wealth Management Inc. now owns 11,026 shares of the oil and gas company’s stock worth $158,000 after buying an additional 112 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in Superior Energy Services by 0.7% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 26,338 shares of the oil and gas company’s stock worth $376,000 after buying an additional 187 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in 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 worth $173,000 after buying an additional 203 shares during the last quarter.

Shares of Superior Energy Services, Inc. (NYSE SPN) opened at 8.97 on Tuesday. Superior Energy Services, Inc. has a 1-year low of $8.88 and a 1-year high of $19.39. The company’s market cap is $1.37 billion. The stock has a 50 day moving average of $10.39 and a 200 day moving average of $12.75.

Superior Energy Services (NYSE:SPN) last posted its quarterly earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.48) by $0.07. The firm had revenue of $470.07 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 31.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($3.09) EPS. On average, equities analysts forecast that Superior Energy Services, Inc. will post ($1.57) EPS for the current year.

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A number of research analysts recently issued reports on the stock. Royal Bank Of Canada set a $20.00 target price on shares of Superior Energy Services and gave the company a “hold” rating in a research report on Saturday, June 24th. Jefferies Group LLC restated a “hold” rating and set a $14.00 price objective on shares of Superior Energy Services in a report on Friday, July 14th. BidaskClub upgraded shares of Superior Energy Services from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Piper Jaffray Companies set a $15.00 price objective on shares of Superior Energy Services and gave the stock a “buy” rating in a report on Tuesday, July 25th. Finally, Seaport Global Securities restated a “neutral” rating on shares of Superior Energy Services in a report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $16.50.

Superior Energy Services Company Profile

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

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