US Bancorp DE cut its position in shares of Superior Energy Services, Inc. (NYSE:SPN) by 2.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,848 shares of the oil and gas company’s stock after selling 282 shares during the period. US Bancorp DE’s holdings in Superior Energy Services were worth $113,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPN. Independent Portfolio Consultants Inc. bought a new position in shares of Superior Energy Services during the first quarter worth approximately $105,000. Flinton Capital Management LLC raised its position 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 period. LS Investment Advisors LLC raised its position in shares of Superior Energy Services by 20.9% in the second quarter. LS Investment Advisors LLC now owns 12,442 shares of the oil and gas company’s stock worth $130,000 after buying an additional 2,155 shares during the period. Neuburgh Advisers LLC raised its position in shares of Superior Energy Services by 9.1% in the first quarter. Neuburgh Advisers LLC now owns 10,574 shares of the oil and gas company’s stock worth $151,000 after buying an additional 884 shares during the period. Finally, Endurance Wealth Management Inc. raised its position in shares of 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 period.

Shares of Superior Energy Services, Inc. (SPN) traded up 0.85% during mid-day trading on Thursday, hitting $8.28. 1,235,007 shares of the stock were exchanged. The stock’s 50-day moving average is $9.93 and its 200-day moving average is $12.22. The stock’s market capitalization is $1.27 billion. Superior Energy Services, Inc. has a 52 week low of $8.09 and a 52 week high of $19.39.

Superior Energy Services (NYSE:SPN) last posted its quarterly earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.48) by $0.07. Superior Energy Services had a negative net margin of 13.20% and a negative return on equity of 20.94%. The company had revenue of $470.07 million during the quarter, compared to analyst estimates of $465.75 million. During the same period in the prior year, the business posted ($3.09) EPS. The firm’s revenue was up 31.9% compared to the same quarter last year. Analysts forecast that Superior Energy Services, Inc. will post ($1.57) earnings per share for the current fiscal year.

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A number of brokerages recently commented on SPN. Seaport Global Securities lowered shares of Superior Energy Services from a “buy” rating to a “neutral” rating and decreased their price target for the company from $13.00 to $10.00 in a research note on Wednesday, June 21st. Deutsche Bank AG restated a “buy” rating and set a $15.00 target price (down previously from $22.00) on shares of Superior Energy Services in a research report on Thursday, July 27th. BidaskClub upgraded shares of Superior Energy Services from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Loop Capital restated a “buy” rating on shares of Superior Energy Services in a research report on Monday, July 3rd. Finally, Barclays PLC lowered shares of Superior Energy Services from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $18.00 to $11.00 in a research report on Wednesday, July 12th. Two 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. The stock has a consensus rating of “Hold” and an average price target of $16.33.

Superior Energy Services Company Profile

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

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