Viking Fund Management LLC raised its stake in shares of Superior Energy Services Inc. (NYSE:SPN) by 7.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,480,000 shares of the company’s stock after buying an additional 100,000 shares during the period. Superior Energy Services accounts for about 4.3% of Viking Fund Management LLC’s investment portfolio, making the stock its 4th largest position. Viking Fund Management LLC owned 0.98% of Superior Energy Services worth $26,492,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Systematic Financial Management LP raised its position in Superior Energy Services by 1,921.6% in the second quarter. Systematic Financial Management LP now owns 3,263,220 shares of the company’s stock valued at $60,075,000 after buying an additional 3,101,805 shares during the last quarter. Victory Capital Management Inc. raised its position in Superior Energy Services by 235.3% in the second quarter. Victory Capital Management Inc. now owns 3,992,176 shares of the company’s stock valued at $73,496,000 after buying an additional 2,801,671 shares during the last quarter. Chartwell Investment Partners LLC raised its position in Superior Energy Services by 115.2% in the second quarter. Chartwell Investment Partners LLC now owns 2,963,283 shares of the company’s stock valued at $54,554,000 after buying an additional 1,586,010 shares during the last quarter. Bank of New York Mellon Corp raised its position in Superior Energy Services by 39.0% in the second quarter. Bank of New York Mellon Corp now owns 4,907,362 shares of the company’s stock valued at $90,344,000 after buying an additional 1,376,499 shares during the last quarter. Finally, Mitchell Group Inc. acquired a new position in Superior Energy Services during the second quarter valued at about $23,109,000.

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

Superior Energy Services Inc. (NYSE:SPN) traded up 0.88% on Thursday, hitting $18.41. 1,052,979 shares of the company’s stock traded hands. The stock’s market cap is $2.79 billion. Superior Energy Services Inc. has a one year low of $8.25 and a one year high of $19.83. The stock has a 50-day moving average of $16.62 and a 200-day moving average of $16.55.

Superior Energy Services (NYSE:SPN) last issued its quarterly earnings data on Monday, July 25th. The company reported ($0.53) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.58) by $0.05. The firm had revenue of $356.30 million for the quarter, compared to analysts’ expectations of $367.73 million. Superior Energy Services had a negative net margin of 84.36% and a negative return on equity of 13.55%. The firm’s revenue was down 49.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.31) EPS. On average, equities analysts forecast that Superior Energy Services Inc. will post ($2.13) earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on SPN shares. Capital One Financial Corp. upgraded shares of Superior Energy Services from an “equal weight” rating to an “overweight” rating and set a $20.00 target price for the company in a report on Wednesday, July 27th. Loop Capital started coverage on shares of Superior Energy Services in a report on Friday, September 30th. They set a “buy” rating for the company. Citigroup Inc. restated a “buy” rating and issued a $21.00 price objective on shares of Superior Energy Services in a report on Wednesday, October 5th. Zacks Investment Research lowered shares of Superior Energy Services from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th. Finally, Stephens restated a “top pick” rating on shares of Superior Energy Services in a report on Friday, July 15th. Eight analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $17.01.

About Superior Energy Services

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