World Asset Management Inc raised its position in Superior Energy Services, Inc. (NYSE:SPN) by 0.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 11,665 shares of the oil and gas company’s stock after buying an additional 34 shares during the period. World Asset Management Inc’s holdings in Superior Energy Services were worth $122,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Utah Retirement Systems boosted its stake in Superior Energy Services by 0.4% in the first quarter. Utah Retirement Systems now owns 27,379 shares of the oil and gas company’s stock worth $391,000 after buying an additional 100 shares during the last quarter. Endurance Wealth Management Inc. boosted its stake in Superior Energy Services by 1.0% in the first quarter. Endurance Wealth Management Inc. now owns 11,026 shares of the oil and gas company’s stock worth $158,000 after buying an additional 112 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in Superior Energy Services by 0.7% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 26,338 shares of the oil and gas company’s stock worth $376,000 after buying an additional 187 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Superior Energy Services by 1.7% in the first quarter. Teacher Retirement System of Texas now owns 12,155 shares of the oil and gas company’s stock worth $173,000 after buying an additional 203 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its stake in Superior Energy Services by 4.4% in the first quarter. Capstone Asset Management Co. now owns 13,266 shares of the oil and gas company’s stock worth $189,000 after buying an additional 560 shares during the last quarter.

Superior Energy Services, Inc. (SPN) opened at 8.29 on Tuesday. Superior Energy Services, Inc. has a 1-year low of $8.17 and a 1-year high of $19.39. The firm’s 50 day moving average price is $10.16 and its 200-day moving average price is $12.42. The stock’s market cap is $1.27 billion.

Superior Energy Services (NYSE:SPN) last released its quarterly earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) EPS for the quarter, beating the consensus estimate of ($0.48) by $0.07. The business had revenue of $470.07 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 31.9% on a year-over-year basis. During the same period in the prior year, the business earned ($3.09) earnings per share. On average, equities analysts anticipate that Superior Energy Services, Inc. will post ($1.57) earnings per share for the current year.

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A number of analysts have recently weighed in 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 report on Saturday, June 24th. Jefferies Group LLC reissued a “hold” rating and issued a $14.00 price objective on shares of Superior Energy Services in a research report 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 report on Wednesday, August 16th. BidaskClub raised Superior Energy Services from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Superior Energy Services in a research report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $16.33.

About Superior Energy Services

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

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