Wall Street analysts expect Superior Energy Services, Inc. (NYSE:SPN) to report ($0.31) earnings per share (EPS) for the current quarter, according to Zacks. Seven analysts have issued estimates for Superior Energy Services’ earnings. The highest EPS estimate is ($0.26) and the lowest is ($0.35). Superior Energy Services reported earnings of ($0.73) per share in the same quarter last year, which indicates a positive year over year growth rate of 57.5%. The business is scheduled to report its next quarterly earnings report on Monday, October 23rd.

On average, analysts expect that Superior Energy Services will report full-year earnings of ($1.55) per share for the current financial year, with EPS estimates ranging from ($1.69) to ($1.46). For the next financial year, analysts expect that the business will post earnings of ($0.64) per share, with EPS estimates ranging from ($1.13) to ($0.15). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Superior Energy Services.

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, topping the Zacks’ consensus estimate of ($0.48) by $0.07. The firm had revenue of $470.07 million during 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 business’s revenue was up 31.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($3.09) EPS.

Several equities analysts recently weighed in on SPN shares. Loop Capital restated a “buy” rating on shares of Superior Energy Services in a research report on Monday, July 3rd. Piper Jaffray Companies set a $15.00 price target on shares of Superior Energy Services and gave the company a “buy” rating in a research report on Tuesday, July 25th. Deutsche Bank AG restated a “buy” rating and set a $15.00 price target (down previously from $22.00) on shares of Superior Energy Services in a research report on Thursday, July 27th. Scotiabank set a $22.00 price target on shares of Superior Energy Services and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, Morgan Stanley lowered shares of Superior Energy Services from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $16.33.

Superior Energy Services (NYSE SPN) traded up 0.49% on Tuesday, reaching $8.22. 1,949,119 shares of the company’s stock were exchanged. Superior Energy Services has a 12 month low of $7.91 and a 12 month high of $19.39. The firm’s 50-day moving average is $9.93 and its 200-day moving average is $12.22. The firm’s market cap is $1.26 billion.

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Several large investors have recently made changes to their positions in SPN. AMG National Trust Bank increased its stake in shares of Superior Energy Services by 58.2% in the first quarter. AMG National Trust Bank now owns 42,619 shares of the oil and gas company’s stock worth $608,000 after buying an additional 15,680 shares during the last quarter. Flinton Capital Management LLC increased its stake in shares of Superior Energy Services by 9.1% in the first quarter. Flinton Capital Management LLC now owns 8,708 shares of the oil and gas company’s stock worth $124,000 after buying an additional 728 shares during the last quarter. Trillium Asset Management LLC increased its stake in shares of Superior Energy Services by 10.3% in the first quarter. Trillium Asset Management LLC now owns 64,289 shares of the oil and gas company’s stock worth $917,000 after buying an additional 5,992 shares during the last quarter. State Treasurer State of Michigan increased its stake in shares of Superior Energy Services by 1.6% in the first quarter. State Treasurer State of Michigan now owns 62,100 shares of the oil and gas company’s stock worth $886,000 after buying an additional 1,000 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in shares of Superior Energy Services by 47.0% in the first quarter. Great West Life Assurance Co. Can now owns 594,206 shares of the oil and gas company’s stock worth $8,471,000 after buying an additional 189,890 shares during the last quarter.

Superior Energy Services Company Profile

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Earnings History and Estimates for Superior Energy Services (NYSE:SPN)

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