Superior Energy Services, Inc. (SPN) Now Covered by Analysts at Deutsche Bank AG

Deutsche Bank AG began coverage on shares of Superior Energy Services, Inc. (NYSE:SPN) in a research note issued on Tuesday. The brokerage set a “buy” rating on the oil and gas company’s stock.

Other research analysts have also issued reports about the stock. Royal Bank Of Canada set a $20.00 price objective on shares of Superior Energy Services and gave the stock a “hold” rating in a report on Saturday, June 24th. Jefferies Group LLC reissued a “hold” rating and set a $14.00 price objective on shares of Superior Energy Services in a report on Friday, July 14th. Piper Jaffray Companies set a $12.00 price objective on shares of Superior Energy Services and gave the stock a “buy” rating in a report on Wednesday, August 16th. BidaskClub raised shares of Superior Energy Services from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Superior Energy Services in a report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $16.11.

Shares of Superior Energy Services (NYSE SPN) opened at 10.31 on Tuesday. Superior Energy Services has a 52-week low of $7.91 and a 52-week high of $19.39. The stock’s 50 day moving average is $9.62 and its 200 day moving average is $10.86. The stock’s market capitalization is $1.58 billion.

Superior Energy Services (NYSE:SPN) last released 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. The business had revenue of $470.07 million during the quarter, compared to analyst estimates of $465.75 million. Superior Energy Services had a negative net margin of 31.24% and a negative return on equity of 28.82%. The business’s revenue was up 31.9% on a year-over-year basis. During the same period last year, the business earned ($3.09) EPS. Equities research analysts expect that Superior Energy Services will post ($1.58) earnings per share for the current fiscal year.

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Institutional investors have recently bought and sold shares of the company. Suntrust Banks Inc. bought a new position in shares of Superior Energy Services in the 2nd quarter worth about $108,000. Washington Trust Bank lifted its position in shares of Superior Energy Services by 10.1% in the 2nd quarter. Washington Trust Bank now owns 10,800 shares of the oil and gas company’s stock worth $113,000 after buying an additional 990 shares during the la

Other research analysts have also issued reports about the stock. Royal Bank Of Canada set a $20.00 price objective on shares of Superior Energy Services and gave the stock a “hold” rating in a report on Saturday, June 24th. Jefferies Group LLC reissued a “hold” rating and set a $14.00 price objective on shares of Superior Energy Services in a report on Friday, July 14th. Piper Jaffray Companies set a $12.00 price objective on shares of Superior Energy Services and gave the stock a “buy” rating in a report on Wednesday, August 16th. BidaskClub raised shares of Superior Energy Services from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Superior Energy Services in a report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $16.11.

Shares of Superior Energy Services (NYSE SPN) opened at 10.31 on Tuesday. Superior Energy Services has a 52-week low of $7.91 and a 52-week high of $19.39. The stock’s 50 day moving average is $9.62 and its 200 day moving average is $10.86. The stock’s market capitalization is $1.58 billion.

Superior Energy Services (NYSE:SPN) last released 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. The business had revenue of $470.07 million during the quarter, compared to analyst estimates of $465.75 million. Superior Energy Services had a negative net margin of 31.24% and a negative return on equity of 28.82%. The business’s revenue was up 31.9% on a year-over-year basis. During the same period last year, the business earned ($3.09) EPS. Equities research analysts expect that Superior Energy Services will post ($1.58) earnings per share for the current fiscal year.

WARNING: This report was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another website, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this report can be viewed at https://ledgergazette.com/2017/10/10/superior-energy-services-inc-spn-now-covered-by-analysts-at-deutsche-bank-ag.html.

Institutional investors have recently bought and sold shares of the company. Suntrust Banks Inc. bought a new position in shares of Superior Energy Services in the 2nd quarter worth about $108,000. Washington Trust Bank lifted its position in shares of Superior Energy Services by 10.1% in the 2nd quarter. Washington Trust Bank now owns 10,800 shares of the oil and gas company’s stock worth $113,000 after buying an additional 990 shares during the last quarter. Nomura Holdings Inc. bought a new position in shares of Superior Energy Services in the 2nd quarter worth about $116,000. Oakbrook Investments LLC bought a new position in shares of Superior Energy Services in the 2nd quarter worth about $118,000. Finally, Endurance Wealth Management Inc. lifted its position in shares of Superior Energy Services by 4.9% in the 2nd quarter. Endurance Wealth Management Inc. now owns 11,565 shares of the oil and gas company’s stock worth $121,000 after buying an additional 539 shares during the last quarter.

About Superior Energy Services

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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