Century Capital Management LLC lessened its holdings in shares of Superior Energy Services, Inc. (NYSE:SPN) by 4.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 126,425 shares of the oil and gas company’s stock after selling 5,431 shares during the period. Century Capital Management LLC owned 0.08% of Superior Energy Services worth $1,319,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SPN. Capstone Asset Management Co. boosted its holdings in shares of Superior Energy Services by 4.4% during 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 buying an additional 560 shares in the last quarter. Louisiana State Employees Retirement System boosted 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 worth $550,000 after purchasing an additional 1,100 shares in the last quarter. Nationwide Fund Advisors boosted 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 worth $4,032,000 after purchasing an additional 7,338 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Superior Energy Services by 1.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 53,114 shares of the oil and gas company’s stock worth $757,000 after purchasing an additional 700 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in Superior Energy Services by 26.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 179,100 shares of the oil and gas company’s stock worth $2,554,000 after purchasing an additional 37,700 shares in the last quarter.

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada set a $20.00 price target on shares of Superior Energy Services and gave the stock a “hold” rating in a research note on Saturday, June 24th. BidaskClub cut shares of Superior Energy Services from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Jefferies Group LLC reiterated a “hold” rating and issued a $14.00 price target on shares of Superior Energy Services in a research note on Friday, July 14th. Seaport Global Securities cut shares of Superior Energy Services from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $13.00 to $10.00 in a research note on Wednesday, June 21st. Finally, Piper Jaffray Companies set a $12.00 price target on shares of Superior Energy Services and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Three 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. Superior Energy Services currently has a consensus rating of “Hold” and an average price target of $16.33.

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Shares of Superior Energy Services, Inc. (NYSE SPN) opened at 9.14 on Tuesday. Superior Energy Services, Inc. has a 52-week low of $7.91 and a 52-week high of $19.39. The stock’s 50 day moving average is $9.33 and its 200 day moving average is $11.54. The stock’s market cap is $1.40 billion.

Superior Energy Services (NYSE:SPN) last released its earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.48) by $0.07. Superior Energy Services had a negative return on equity of 28.82% and a negative net margin of 31.24%. The firm had revenue of $470.07 million during the quarter, compared to the consensus estimate of $465.75 million. During the same quarter in the previous year, the company posted ($3.09) earnings per share. The company’s revenue was up 31.9% compared to the same quarter last year. On average, equities analysts predict that Superior Energy Services, Inc. will post ($1.57) EPS for the current fiscal year.

Superior Energy Services Company Profile

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

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