Superior Energy Services (SPN) Earning Somewhat Positive Media Coverage, Analysis Finds
News articles about Superior Energy Services (NYSE:SPN) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Superior Energy Services earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 45.7774073131997 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
SPN has been the topic of several analyst reports. Loop Capital reiterated a “buy” rating on shares of Superior Energy Services in a research note on Monday, July 3rd. Piper Jaffray Companies set a $15.00 price target on Superior Energy Services and gave the company a “buy” rating in a research note on Tuesday, July 25th. Deutsche Bank AG restated a “buy” rating and issued a $15.00 price target (down from $22.00) on shares of Superior Energy Services in a research note on Thursday, July 27th. Scotiabank set a $22.00 price target on Superior Energy Services and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $14.00 price objective (down previously from $30.00) on shares of Superior Energy Services in a report on Wednesday, June 21st. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $16.33.
Superior Energy Services (NYSE:SPN) traded down 0.99% during midday trading on Friday, reaching $10.02. 5,486,972 shares of the company traded hands. The firm’s market capitalization is $1.53 billion. Superior Energy Services has a 12 month low of $7.91 and a 12 month high of $19.39. The firm’s 50 day moving average price is $9.20 and its 200 day moving average price is $11.40.
Superior Energy Services (NYSE:SPN) last announced 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 firm had revenue of $470.07 million during the quarter, compared to the consensus estimate of $465.75 million. During the same period last year, the firm posted ($3.09) EPS. The firm’s quarterly revenue was up 31.9% on a year-over-year basis. On average, analysts expect that Superior Energy Services will post ($1.57) earnings per share for the current year.
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About Superior Energy Services
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