KBC Group NV decreased its stake in Superior Energy Services, Inc. (NYSE:SPN) by 61.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 138,805 shares of the oil and gas company’s stock after selling 225,056 shares during the period. KBC Group NV owned 0.09% of Superior Energy Services worth $1,448,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. World Asset Management Inc boosted its stake in Superior Energy Services by 0.3% in the second quarter. World Asset Management Inc now owns 11,665 shares of the oil and gas company’s stock valued at $122,000 after buying an additional 34 shares in the last quarter. 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 valued at $391,000 after buying an additional 100 shares in 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 valued at $158,000 after buying an additional 112 shares in 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 valued at $376,000 after buying an additional 187 shares in the last quarter. Finally, 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 valued at $173,000 after buying an additional 203 shares in the last quarter.

Superior Energy Services, Inc. (NYSE:SPN) opened at 8.21 on Thursday. The company’s market cap is $1.26 billion. The stock has a 50 day moving average price of $9.93 and a 200-day moving average price of $12.22. Superior Energy Services, Inc. has a 12-month low of $7.96 and a 12-month high of $19.39.

Superior Energy Services (NYSE:SPN) last posted its quarterly earnings data on Tuesday, July 25th. The oil and gas company reported ($0.41) EPS for the quarter, topping 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 business had revenue of $470.07 million during the quarter, compared to the consensus estimate of $465.75 million. During the same period in the previous year, the firm posted ($3.09) earnings per share. The business’s revenue for the quarter was up 31.9% compared to the same quarter last year. On average, analysts predict that Superior Energy Services, Inc. will post ($1.57) EPS for the current fiscal year.

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Several equities research analysts recently commented on the company. Royal Bank Of Canada set a $20.00 target price on Superior Energy Services and gave the stock a “hold” rating in a research note on Saturday, June 24th. Jefferies Group LLC reaffirmed a “hold” rating and set a $14.00 target price on shares of Superior Energy Services in a research note on Friday, July 14th. Piper Jaffray Companies set a $12.00 price target on Superior Energy Services and gave the stock a “buy” rating in a report on Wednesday, August 16th. BidaskClub upgraded Superior Energy Services from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of Superior Energy Services in a report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.33.

Superior Energy Services Company Profile

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

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