Morgan Stanley boosted its position in Superior Energy Services, Inc. (NYSE:SPN) by 44.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 750,786 shares of the oil and gas company’s stock after buying an additional 230,694 shares during the period. Morgan Stanley owned 0.49% of Superior Energy Services worth $10,707,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new stake in Superior Energy Services during the fourth quarter valued at $1,329,000. Thrivent Financial for Lutherans boosted its stake in Superior Energy Services by 4.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 49,940 shares of the oil and gas company’s stock valued at $843,000 after buying an additional 1,940 shares during the last quarter. Norges Bank bought a new stake in Superior Energy Services during the fourth quarter valued at $18,930,000. Hudson Bay Capital Management LP bought a new stake in Superior Energy Services during the fourth quarter valued at $295,000. Finally, Teachers Advisors LLC boosted its stake in Superior Energy Services by 2.0% in the fourth quarter. Teachers Advisors LLC now owns 1,519,477 shares of the oil and gas company’s stock valued at $25,649,000 after buying an additional 29,137 shares during the last quarter.

Superior Energy Services, Inc. (NYSE:SPN) traded up 3.05% on Friday, reaching $8.45. 8,508,473 shares of the company traded hands. Superior Energy Services, Inc. has a one year low of $8.18 and a one year high of $19.39. The firm has a 50 day moving average of $10.22 and a 200-day moving average of $12.56. The stock’s market capitalization is $1.29 billion.

Superior Energy Services (NYSE:SPN) last released its earnings results 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. The business had revenue of $470.07 million during the quarter, compared to the consensus estimate of $465.75 million. Superior Energy Services had a negative net margin of 31.24% and a negative return on equity of 28.82%. The company’s revenue for the quarter was up 31.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($3.09) EPS. On average, analysts anticipate that Superior Energy Services, Inc. will post ($1.57) EPS for the current year.

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SPN has been the subject of several research reports. Jefferies Group LLC restated a “hold” rating and issued a $19.00 price objective on shares of Superior Energy Services in a research report on Tuesday, April 25th. Nomura set a $13.00 price objective on shares of Superior Energy Services and gave the company a “hold” rating in a research report on Thursday, April 27th. Deutsche Bank AG lowered their price objective on shares of Superior Energy Services from $26.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, April 28th. Barclays PLC restated a “buy” rating and issued a $18.00 price objective on shares of Superior Energy Services in a research report on Friday, April 28th. Finally, Instinet restated a “neutral” rating and issued a $13.00 price objective (down previously from $15.00) on shares of Superior Energy Services in a research report on Saturday, April 29th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the stock. Superior Energy Services currently has a consensus rating of “Hold” and a consensus target price of $16.33.

About Superior Energy Services

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

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