Seaport Global Securities reiterated their neutral rating on shares of Superior Energy Services, Inc. (NYSE:SPN) in a research report released on Wednesday, July 26th. Seaport Global Securities also issued estimates for Superior Energy Services’ Q3 2017 earnings at ($0.40) EPS, Q4 2017 earnings at ($0.31) EPS, FY2017 earnings at ($1.79) EPS, Q1 2018 earnings at ($0.25) EPS, Q2 2018 earnings at ($0.21) EPS, Q3 2018 earnings at ($0.17) EPS, Q4 2018 earnings at ($0.13) EPS, FY2018 earnings at ($0.76) EPS, Q1 2019 earnings at ($0.11) EPS, Q2 2019 earnings at ($0.08) EPS and FY2019 earnings at ($0.28) EPS.

Several other equities research analysts have also recently commented on the company. Morgan Stanley reissued an equal weight rating and issued a $14.00 target price (down from $30.00) on shares of Superior Energy Services in a research note on Wednesday, June 21st. Barclays PLC reissued a buy rating and issued a $18.00 target price on shares of Superior Energy Services in a research note on Friday, April 28th. Nomura set a $13.00 target price on Superior Energy Services and gave the company a hold rating in a research note on Thursday, April 27th. BMO Capital Markets lowered their target price on Superior Energy Services from $16.00 to $15.00 and set a market perform rating for the company in a research note on Tuesday, May 2nd. Finally, Instinet reissued a neutral rating and issued a $13.00 target price (down from $15.00) on shares of Superior Energy Services in a research note on Saturday, April 29th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $16.50.

Shares of Superior Energy Services (SPN) opened at 10.33 on Wednesday. The firm’s market cap is $1.58 billion. Superior Energy Services has a one year low of $8.99 and a one year high of $19.39. The stock has a 50 day moving average price of $10.51 and a 200 day moving average price of $13.24.

Superior Energy Services (NYSE:SPN) last released its earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.07. The company had revenue of $470.07 million during the quarter, compared to analysts’ expectations of $465.75 million. Superior Energy Services had a negative return on equity of 28.82% and a negative net margin of 31.24%. The business’s revenue for the quarter was up 31.9% on a year-over-year basis. During the same period last year, the firm earned ($3.09) EPS. On average, equities research analysts forecast that Superior Energy Services will post ($1.57) EPS for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Ferguson Wellman Capital Management Inc. raised its position in Superior Energy Services by 5.0% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 1,661,044 shares of the oil and gas company’s stock valued at $23,686,000 after buying an additional 78,623 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of Superior Energy Services by 2.7% in the first quarter. Nationwide Fund Advisors now owns 282,717 shares of the oil and gas company’s stock worth $4,032,000 after buying an additional 7,338 shares during the period. Retirement Systems of Alabama raised its stake in shares of Superior Energy Services by 111.8% in the first quarter. Retirement Systems of Alabama now owns 415,007 shares of the oil and gas company’s stock worth $5,918,000 after buying an additional 219,058 shares during the period. Hermes Investment Management Ltd. raised its stake in shares of Superior Energy Services by 2.9% in the first quarter. Hermes Investment Management Ltd. now owns 1,627,573 shares of the oil and gas company’s stock worth $23,209,000 after buying an additional 45,133 shares during the period. Finally, Washington Trust Bank raised its stake in shares of Superior Energy Services by 17.7% in the first quarter. Washington Trust Bank now owns 9,810 shares of the oil and gas company’s stock worth $140,000 after buying an additional 1,478 shares during the period.

Superior Energy Services Company Profile

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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