Superior Energy Services, Inc. (NYSE:SPN) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totalling 23,459,035 shares, a decrease of 13.9% from the July 14th total of 27,256,720 shares. Based on an average daily volume of 5,130,065 shares, the short-interest ratio is currently 4.6 days. Approximately 15.7% of the shares of the company are sold short.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPN. BlackRock Inc. boosted its stake in Superior Energy Services by 10,301.4% in the first quarter. BlackRock Inc. now owns 23,424,814 shares of the oil and gas company’s stock worth $334,036,000 after buying an additional 23,199,606 shares in the last quarter. Vanguard Group Inc. boosted its stake in Superior Energy Services by 2.8% in the second quarter. Vanguard Group Inc. now owns 12,918,988 shares of the oil and gas company’s stock worth $134,745,000 after buying an additional 353,628 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Superior Energy Services by 20.7% in the second quarter. Victory Capital Management Inc. now owns 11,290,645 shares of the oil and gas company’s stock worth $117,761,000 after buying an additional 1,933,360 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Superior Energy Services by 33.9% in the second quarter. Dimensional Fund Advisors LP now owns 8,272,972 shares of the oil and gas company’s stock worth $86,287,000 after buying an additional 2,095,988 shares in the last quarter. Finally, State Street Corp boosted its stake in Superior Energy Services by 29.5% in the second quarter. State Street Corp now owns 5,866,537 shares of the oil and gas company’s stock worth $61,185,000 after buying an additional 1,335,740 shares in the last quarter.

Superior Energy Services (NYSE:SPN) opened at 8.20 on Friday. The company’s market cap is $1.26 billion. Superior Energy Services has a 12-month low of $8.18 and a 12-month high of $19.39. The firm’s 50 day moving average is $10.27 and its 200 day moving average is $12.62.

Superior Energy Services (NYSE:SPN) last released its quarterly earnings data on Tuesday, July 25th. The oil and gas company reported ($0.41) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.07. Superior Energy Services had a negative net margin of 31.24% and a negative return on equity of 28.82%. The company had revenue of $470.07 million during the quarter, compared to analysts’ expectations of $465.75 million. During the same quarter in the previous year, the company earned ($3.09) earnings per share. The firm’s revenue for the quarter was up 31.9% on a year-over-year basis. Equities research analysts anticipate that Superior Energy Services will post ($1.57) EPS for the current fiscal year.

Several equities research analysts have recently commented on the company. Royal Bank Of Canada set a $20.00 price objective on Superior Energy Services and gave the stock a “hold” rating in a research note on Saturday, June 24th. Jefferies Group LLC restated a “hold” rating and issued a $14.00 price objective on shares of Superior Energy Services in a research note on Friday, July 14th. Piper Jaffray Companies set a $12.00 price objective on Superior Energy Services and gave the stock a “buy” rating in a research note on Wednesday. BidaskClub upgraded Superior Energy Services from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, Seaport Global Securities restated a “neutral” rating on shares of Superior Energy Services in a research note on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the stock. Superior Energy Services presently has an average rating of “Hold” and an average target price of $16.33.

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Superior Energy Services Company Profile

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