Superior Energy Services, Inc. (NYSE:SPN) shares rose 5.7% on Friday . The company traded as high as $9.95 and last traded at $9.87. Approximately 3,072,818 shares traded hands during trading, a decline of 23% from the average daily volume of 4,013,832 shares. The stock had previously closed at $9.34.
SPN has been the topic of a number of recent research reports. Royal Bank of Canada set a $10.00 price target on shares of Superior Energy Services and gave the company a “hold” rating in a report on Thursday, December 21st. ValuEngine lowered shares of Superior Energy Services from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Jefferies Group set a $10.00 target price on shares of Superior Energy Services and gave the company a “hold” rating in a research note on Thursday, January 4th. Zacks Investment Research upgraded shares of Superior Energy Services from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Tuesday, January 2nd. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $10.00 target price on shares of Superior Energy Services in a research note on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the stock. Superior Energy Services has a consensus rating of “Hold” and a consensus price target of $12.91.
The company has a quick ratio of 1.67, a current ratio of 2.03 and a debt-to-equity ratio of 1.13. The stock has a market cap of $1,480.00, a PE ratio of -5.62 and a beta of 2.12.
Superior Energy Services (NYSE:SPN) last posted its quarterly earnings results on Monday, February 19th. The oil and gas company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.01). The company had revenue of $497.00 million during the quarter, compared to analyst estimates of $509.27 million. Superior Energy Services had a negative return on equity of 21.92% and a negative net margin of 10.99%. The business’s revenue for the quarter was up 40.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.74) earnings per share. research analysts expect that Superior Energy Services, Inc. will post -0.83 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of SPN. Raymond James Financial Services Advisors Inc. grew its position in Superior Energy Services by 21.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 25,878 shares of the oil and gas company’s stock worth $270,000 after purchasing an additional 4,598 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in shares of Superior Energy Services by 6.9% during the 3rd quarter. Nationwide Fund Advisors now owns 446,255 shares of the oil and gas company’s stock worth $4,766,000 after acquiring an additional 28,970 shares during the period. Aperio Group LLC lifted its holdings in shares of Superior Energy Services by 31.3% during the 3rd quarter. Aperio Group LLC now owns 116,701 shares of the oil and gas company’s stock worth $1,246,000 after acquiring an additional 27,839 shares during the period. Crossmark Global Holdings Inc. bought a new position in shares of Superior Energy Services during the 3rd quarter worth about $126,000. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Superior Energy Services by 7.1% during the 3rd quarter. Canada Pension Plan Investment Board now owns 216,700 shares of the oil and gas company’s stock worth $2,314,000 after acquiring an additional 14,300 shares during the period.
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About Superior Energy Services
Superior Energy Services, Inc provides a range of services and products to the energy industry related to the exploration, development and production of oil and natural gas. The Company’s segments include Drilling Products and Services, which rents and sells bottom hole assemblies, drill pipe, tubulars and specialized equipment for use with onshore and offshore oil and gas well drilling, production and workover activities; Onshore Completion and Workover Services, which provides pressure pumping services used to complete and stimulate production in new oil and gas wells, fluid handling services and well servicing rigs that provide a range of well completion and maintenance services; Production Services, which provides intervention services, such as coiled tubing, cased hole and mechanical wireline, hydraulic workover and snubbing, and remedial pumping services, and Technical Solutions, which provides services requiring specialized engineering, manufacturing or project planning.
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