Superior Energy Services, Inc. (SPN) Stock Rating Reaffirmed by BMO Capital Markets

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

SPN has been the topic of a number of other reports. Barclays PLC set a $12.00 price target on shares of Superior Energy Services and gave the stock a hold rating in a report on Wednesday, July 26th. Deutsche Bank AG reissued a buy rating and issued a $15.00 price target (down from $22.00) on shares of Superior Energy Services in a report on Thursday, July 27th. Scotiabank set a $22.00 price target on shares of Superior Energy Services and gave the stock a buy rating in a report on Thursday, July 27th. Jefferies Group LLC set a $13.00 price target on shares of Superior Energy Services and gave the stock a hold rating in a report on Thursday, October 5th. Finally, Royal Bank Of Canada set a $14.00 price target on shares of Superior Energy Services and gave the stock a hold rating in a report on Saturday, October 7th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $15.72.

Shares of Superior Energy Services (NYSE SPN) opened at 10.04 on Friday. The firm’s market cap is $1.54 billion. The firm has a 50-day moving average of $9.89 and a 200-day moving average of $10.77. Superior Energy Services has a 52 week low of $7.91 and a 52 week high of $19.39.

Superior Energy Services (NYSE:SPN) last posted its quarterly earnings data on Tuesday, July 25th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.48) by $0.07. The firm had revenue of $470.07 million for the quarter, compared to the consensus estimate 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 for the quarter was up 31.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($3.09) EPS. On average, analysts expect that Superior Energy Services will post ($1.59) EPS for the current year.

WARNING: “Superior Energy Services, Inc. (SPN) Stock Rating Reaffirmed by BMO Capital Markets” was originally published 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 republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be accessed at https://ledgergazette.com/2017/10/17/superior-energy-services-inc-spn-stock-rating-reaffirmed-by-bmo-capital-markets.html.

Several institutional investors and hedge funds have recently made changes to their positions in the company. World Asset Management Inc increased its position in shares of Superior Energy Services by 0.3% during 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 increased its position in shares of Superior Energy Services by 0.4% during 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 increased its position in shares of Superior Energy Services by 1.7% during 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. increased its position in shares of Superior Energy Services by 4.9% during the second quarter. Endurance

SPN has been the topic of a number of other reports. Barclays PLC set a $12.00 price target on shares of Superior Energy Services and gave the stock a hold rating in a report on Wednesday, July 26th. Deutsche Bank AG reissued a buy rating and issued a $15.00 price target (down from $22.00) on shares of Superior Energy Services in a report on Thursday, July 27th. Scotiabank set a $22.00 price target on shares of Superior Energy Services and gave the stock a buy rating in a report on Thursday, July 27th. Jefferies Group LLC set a $13.00 price target on shares of Superior Energy Services and gave the stock a hold rating in a report on Thursday, October 5th. Finally, Royal Bank Of Canada set a $14.00 price target on shares of Superior Energy Services and gave the stock a hold rating in a report on Saturday, October 7th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $15.72.

Shares of Superior Energy Services (NYSE SPN) opened at 10.04 on Friday. The firm’s market cap is $1.54 billion. The firm has a 50-day moving average of $9.89 and a 200-day moving average of $10.77. Superior Energy Services has a 52 week low of $7.91 and a 52 week high of $19.39.

Superior Energy Services (NYSE:SPN) last posted its quarterly earnings data on Tuesday, July 25th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.48) by $0.07. The firm had revenue of $470.07 million for the quarter, compared to the consensus estimate 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 for the quarter was up 31.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($3.09) EPS. On average, analysts expect that Superior Energy Services will post ($1.59) EPS for the current year.

WARNING: “Superior Energy Services, Inc. (SPN) Stock Rating Reaffirmed by BMO Capital Markets” was originally published 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 republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be accessed at https://ledgergazette.com/2017/10/17/superior-energy-services-inc-spn-stock-rating-reaffirmed-by-bmo-capital-markets.html.

Several institutional investors and hedge funds have recently made changes to their positions in the company. World Asset Management Inc increased its position in shares of Superior Energy Services by 0.3% during 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 increased its position in shares of Superior Energy Services by 0.4% during 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 increased its position in shares of Superior Energy Services by 1.7% during 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. increased its position in shares of Superior Energy Services by 4.9% during 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 increased its position in shares of Superior Energy Services by 0.4% during 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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