Superior Energy Services Inc. (NYSE:SPN) received a $22.00 target price from analysts at Jefferies Group in a research note issued to investors on Tuesday. The brokerage presently has a a “buy” rating on the stock. Jefferies Group’s price objective would indicate a potential upside of 21.75% from the company’s current price.

Several other brokerages have also commented on SPN. Citigroup Inc. reissued a “buy” rating and set a $21.00 price objective on shares of Superior Energy Services in a report on Wednesday, October 5th. Loop Capital assumed coverage on Superior Energy Services in a report on Friday, September 30th. They set a “buy” rating for the company. Seaport Global Securities reissued a “buy” rating on shares of Superior Energy Services in a report on Friday, August 19th. Zacks Investment Research lowered Superior Energy Services from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th. Finally, Nomura set a $15.00 price objective on Superior Energy Services and gave the stock a “hold” rating in a report on Tuesday, August 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and four have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.04.

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

Shares of Superior Energy Services (NYSE:SPN) traded up 5.87% on Tuesday, reaching $19.13. 2,635,478 shares of the company were exchanged. The firm’s market capitalization is $2.90 billion. Superior Energy Services has a 12-month low of $8.25 and a 12-month high of $19.83. The stock’s 50-day moving average is $16.72 and its 200 day moving average is $16.69.

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

Several large investors have recently added to or reduced their stakes in SPN. IndexIQ Advisors LLC boosted its stake in Superior Energy Services by 5.3% in the second quarter. IndexIQ Advisors LLC now owns 5,846 shares of the company’s stock valued at $108,000 after buying an additional 293 shares during the period. BlueMountain Capital Management LLC acquired a new stake in Superior Energy Services during the first quarter valued at approximately $105,000. LS Investment Advisors LLC boosted its stake in Superior Energy Services by 78.4% in the second quarter. LS Investment Advisors LLC now owns 9,095 shares of the company’s stock valued at $167,000 after buying an additional 3,996 shares during the period. Loomis Sayles & Co. L P boosted its stake in Superior Energy Services by 1,055.5% in the first quarter. Loomis Sayles & Co. L P now owns 9,521 shares of the company’s stock valued at $127,000 after buying an additional 8,697 shares during the period. Finally, Washington Trust Bank boosted its stake in Superior Energy Services by 7.7% in the second quarter. Washington Trust Bank now owns 9,800 shares of the company’s stock valued at $180,000 after buying an additional 700 shares during the period.

Superior Energy Services Company Profile

5 Day Chart for NYSE:SPN

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