Superior Energy Services, Inc. (SPN) Shares Bought by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. raised its holdings in Superior Energy Services, Inc. (NYSE:SPN) by 43.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,431,065 shares of the oil and gas company’s stock after purchasing an additional 1,046,072 shares during the quarter. Goldman Sachs Group Inc. owned 2.24% of Superior Energy Services worth $35,786,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. World Asset Management Inc raised 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 valued at $122,000 after purchasing an additional 34 shares during the period. Utah Retirement Systems raised 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 valued at $391,000 after purchasing an additional 100 shares during the period. Teacher Retirement System of Texas raised 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 valued at $173,000 after purchasing an additional 203 shares during the period. Endurance Wealth Management Inc. raised its position in 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 purchasing an additional 539 shares during the period. Finally, Metropolitan Life Insurance Co. NY raised its position in 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 purchasing an additional 622 shares during the period.

Superior Energy Services, Inc. (NYSE SPN) opened at 10.31 on Tuesday. The company’s 50-day moving average price is $9.62 and its 200 day moving average price is $10.86. Superior Energy Services, Inc. has a 1-year low of $7.91 and a 1-year high of $19.39. The firm’s market capitalization is $1.58 billion.

Superior Energy Services (NYSE:SPN) last released its quarterly earnings data on Tuesday, July 25th. The oil and gas company reported ($0.41) EPS for the quarter, beating the 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 company had revenue of $470.07 million for the quarter, compared to analyst estimates of $465.75 million. During the same period last year, the company posted ($3.09) earnings per share. The firm’s revenue was up 31.9% compared to the same quarter last year. On average, equities analysts anticipate that Superior Energy Services, Inc. will post ($1.58) EPS for the current year.

SPN has been the topic of a number of research analyst reports. Cowen and Company set a $14.00 target price on Superior Energy Services and gave the company a “buy” rating in a research report on Friday. Piper Jaffray Companies set a $15.00 target price on Superior Energy Services and gave the company a “buy” rating in a research report on Tuesday, July 25th. Morgan Stanley downgraded Superior Energy Services from an “overweight” rating to an “equal weight” rating in a research 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 research report on Saturday, June 24th. Finally, Barclays PLC set a $12.00 target price on Superior Energy Services and gave the company a “hold” rating in a research report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy

A number of other large investors have also bought and sold shares of the business. World Asset Management Inc raised 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 valued at $122,000 after purchasing an additional 34 shares during the period. Utah Retirement Systems raised 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 valued at $391,000 after purchasing an additional 100 shares during the period. Teacher Retirement System of Texas raised 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 valued at $173,000 after purchasing an additional 203 shares during the period. Endurance Wealth Management Inc. raised its position in 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 purchasing an additional 539 shares during the period. Finally, Metropolitan Life Insurance Co. NY raised its position in 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 purchasing an additional 622 shares during the period.

Superior Energy Services, Inc. (NYSE SPN) opened at 10.31 on Tuesday. The company’s 50-day moving average price is $9.62 and its 200 day moving average price is $10.86. Superior Energy Services, Inc. has a 1-year low of $7.91 and a 1-year high of $19.39. The firm’s market capitalization is $1.58 billion.

Superior Energy Services (NYSE:SPN) last released its quarterly earnings data on Tuesday, July 25th. The oil and gas company reported ($0.41) EPS for the quarter, beating the 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 company had revenue of $470.07 million for the quarter, compared to analyst estimates of $465.75 million. During the same period last year, the company posted ($3.09) earnings per share. The firm’s revenue was up 31.9% compared to the same quarter last year. On average, equities analysts anticipate that Superior Energy Services, Inc. will post ($1.58) EPS for the current year.

SPN has been the topic of a number of research analyst reports. Cowen and Company set a $14.00 target price on Superior Energy Services and gave the company a “buy” rating in a research report on Friday. Piper Jaffray Companies set a $15.00 target price on Superior Energy Services and gave the company a “buy” rating in a research report on Tuesday, July 25th. Morgan Stanley downgraded Superior Energy Services from an “overweight” rating to an “equal weight” rating in a research 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 research report on Saturday, June 24th. Finally, Barclays PLC set a $12.00 target price on Superior Energy Services and gave the company a “hold” rating in a research report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. Superior Energy Services has a consensus rating of “Hold” and a consensus target price of $16.11.

TRADEMARK VIOLATION NOTICE: This report was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another publication, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this report can be read at https://ledgergazette.com/2017/10/10/superior-energy-services-inc-spn-shares-bought-by-goldman-sachs-group-inc.html.

Superior Energy Services Company Profile

Want to see what other hedge funds are holding SPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Superior Energy Services, Inc. (NYSE:SPN).

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

Receive News & Ratings for Superior Energy Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Energy Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply