Wall Street analysts predict that Superior Energy Services, Inc. (NYSE:SPN) will post sales of $520.08 million for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Superior Energy Services’ earnings, with the lowest sales estimate coming in at $511.01 million and the highest estimate coming in at $528.10 million. Superior Energy Services reported sales of $326.23 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 59.4%. The firm is scheduled to report its next earnings results on Monday, October 23rd.

According to Zacks, analysts expect that Superior Energy Services will report full-year sales of $520.08 million for the current financial year, with estimates ranging from $1.90 billion to $1.98 billion. For the next year, analysts expect that the firm will post sales of $2.36 billion per share, with estimates ranging from $2.09 billion to $2.75 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Superior Energy Services.

Superior Energy Services (NYSE:SPN) last released its quarterly earnings data 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. Superior Energy Services had a negative net margin of 31.24% and a negative return on equity of 28.82%. The firm had revenue of $470.07 million for the quarter, compared to the consensus estimate of $465.75 million. During the same period in the previous year, the company earned ($3.09) earnings per share. The company’s quarterly revenue was up 31.9% on a year-over-year basis.

A number of research firms have weighed in on SPN. Royal Bank Of Canada set a $20.00 target price on Superior Energy Services and gave the company a “hold” rating in a report on Saturday, June 24th. BidaskClub downgraded Superior Energy Services from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Jefferies Group LLC reissued a “hold” rating and issued a $14.00 target price on shares of Superior Energy Services in a report on Friday, July 14th. Piper Jaffray Companies set a $12.00 target price on Superior Energy Services and gave the company a “buy” rating in a report on Wednesday, August 16th. Finally, Seaport Global Securities downgraded Superior Energy Services from a “buy” rating to a “neutral” rating and lowered their target price for the company from $13.00 to $10.00 in a report on Wednesday, June 21st. Two equities 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 stock. The stock presently has an average rating of “Hold” and an average price target of $16.33.

Several hedge funds have recently added to or reduced their stakes in the company. Independent Portfolio Consultants Inc. acquired a new stake in Superior Energy Services during the first quarter valued at about $105,000. Suntrust Banks Inc. acquired a new stake in Superior Energy Services during the second quarter valued at about $108,000. Washington Trust Bank boosted its stake in Superior Energy Services by 10.1% in the second quarter. Washington Trust Bank now owns 10,800 shares of the oil and gas company’s stock valued at $113,000 after buying an additional 990 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in Superior Energy Services during the second quarter valued at about $116,000. Finally, Oakbrook Investments LLC acquired a new stake in Superior Energy Services during the second quarter valued at about $118,000.

Superior Energy Services (SPN) opened at 8.21 on Thursday. The company has a 50 day moving average of $9.93 and a 200 day moving average of $12.22. The firm’s market capitalization is $1.26 billion. Superior Energy Services has a 1-year low of $7.96 and a 1-year high of $19.39.

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

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