Northwestern Mutual Investment Management Company LLC Boosts Stake in Superior Energy Services, Inc. (SPN)

Northwestern Mutual Investment Management Company LLC raised its stake in Superior Energy Services, Inc. (NYSE:SPN) by 57.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,560 shares of the oil and gas company’s stock after acquiring an additional 11,511 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Superior Energy Services were worth $266,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Jump Trading LLC acquired a new position in shares of Superior Energy Services in the fourth quarter valued at approximately $104,000. Vertex One Asset Management Inc. acquired a new position in shares of Superior Energy Services in the first quarter valued at approximately $118,000. Signition LP acquired a new position in shares of Superior Energy Services in the first quarter valued at approximately $120,000. MANA Advisors LLC acquired a new position in shares of Superior Energy Services in the fourth quarter valued at approximately $154,000. Finally, Teza Capital Management LLC acquired a new position in shares of Superior Energy Services in the first quarter valued at approximately $146,000.

Several research firms have recently issued reports on SPN. ValuEngine raised Superior Energy Services from a “sell” rating to a “hold” rating in a research note on Friday, June 22nd. Citigroup upped their price objective on Superior Energy Services from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Monday, April 30th. Wells Fargo & Co raised Superior Energy Services from a “market perform” rating to an “outperform” rating in a research note on Monday, April 30th. Barclays upped their price objective on Superior Energy Services from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Friday, April 27th. Finally, Raymond James upped their price objective on Superior Energy Services from $15.00 to $19.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 26th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $13.40.

NYSE:SPN opened at $9.85 on Thursday. The company has a market cap of $1.45 billion, a price-to-earnings ratio of -5.97 and a beta of 2.06. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.86 and a quick ratio of 1.48. Superior Energy Services, Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $12.73.

Superior Energy Services (NYSE:SPN) last released its earnings results on Tuesday, April 24th. The oil and gas company reported ($0.34) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.01. The business had revenue of $482.32 million during the quarter, compared to the consensus estimate of $494.41 million. Superior Energy Services had a negative net margin of 8.90% and a negative return on equity of 19.29%. The company’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.59) EPS. sell-side analysts expect that Superior Energy Services, Inc. will post -0.75 EPS for the current year.

In other news, CEO David D. Dunlap bought 30,000 shares of the firm’s stock in a transaction on Thursday, April 26th. The stock was acquired at an average price of $10.89 per share, with a total value of $326,700.00. Following the transaction, the chief executive officer now owns 660,414 shares of the company’s stock, valued at approximately $7,191,908.46. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 3.81% of the company’s stock.

About Superior Energy Services

Superior Energy Services, Inc provides oilfield services and equipment to oil and natural gas exploration and production companies in the United States, the Gulf of Mexico, and internationally. The company operates in four segments: Drilling Products and Services, Onshore Completion and Workover Services, Production Services, and Technical Solutions.

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

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