ValuEngine downgraded shares of Superior Energy Services, Inc. (NYSE:SPN) from a sell rating to a strong sell rating in a report published on Friday.

Other analysts also recently issued research reports about the stock. Loop Capital reissued 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 reissued a buy rating and issued 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 reissued an equal weight rating and issued a $14.00 price target (down previously from $30.00) on shares of Superior Energy Services in a research report on Wednesday, June 21st. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $16.33.

Shares of Superior Energy Services (NYSE SPN) opened at 8.36 on Friday. The firm has a 50 day moving average of $9.64 and a 200 day moving average of $11.88. Superior Energy Services has a 52 week low of $7.91 and a 52 week high of $19.39. The firm’s market cap is $1.28 billion.

Superior Energy Services (NYSE:SPN) last posted its quarterly earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, beating the 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 quarter last year, the firm posted ($3.09) EPS. Superior Energy Services’s revenue was up 31.9% compared to the same quarter last year. Equities analysts predict that Superior Energy Services will post ($1.57) earnings per share for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in SPN. Capstone Asset Management Co. raised its stake in Superior Energy Services by 4.4% in the 1st quarter. Capstone Asset Management Co. now owns 13,266 shares of the oil and gas company’s stock valued at $189,000 after acquiring an additional 560 shares during the period. Louisiana State Employees Retirement System raised its stake in Superior Energy Services by 2.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 38,600 shares of the oil and gas company’s stock valued at $550,000 after acquiring an additional 1,100 shares during the period. Retirement Systems of Alabama raised its stake in Superior Energy Services by 111.8% in the 1st quarter. Retirement Systems of Alabama now owns 415,007 shares of the oil and gas company’s stock valued at $5,918,000 after acquiring an additional 219,058 shares during the period. Nationwide Fund Advisors raised its stake in Superior Energy Services by 2.7% in the 1st quarter. Nationwide Fund Advisors now owns 282,717 shares of the oil and gas company’s stock valued at $4,032,000 after acquiring an additional 7,338 shares during the period. Finally, Independent Portfolio Consultants Inc. bought a new stake in Superior Energy Services in the 1st quarter valued at about $105,000.

Superior Energy Services Company Profile

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Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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