Alliancebernstein L.P. increased its position in Superior Energy Services, Inc. (NYSE:SPN) by 35.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,596,431 shares of the oil and gas company’s stock after buying an additional 938,510 shares during the quarter. Alliancebernstein L.P. owned about 2.35% of Superior Energy Services worth $37,511,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Contrarius Investment Management Ltd acquired a new stake in shares of Superior Energy Services in the second quarter valued at $3,279,000. State of Tennessee Treasury Department lifted its holdings in shares of Superior Energy Services by 66.7% in the first quarter. State of Tennessee Treasury Department now owns 150,000 shares of the oil and gas company’s stock valued at $2,139,000 after buying an additional 60,000 shares during the period. Pzena Investment Management LLC lifted its holdings in shares of Superior Energy Services by 1.2% in the second quarter. Pzena Investment Management LLC now owns 3,998,348 shares of the oil and gas company’s stock valued at $41,703,000 after buying an additional 48,531 shares during the period. Liberty Mutual Group Asset Management Inc. lifted its holdings in shares of Superior Energy Services by 1.8% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 68,737 shares of the oil and gas company’s stock valued at $980,000 after buying an additional 1,192 shares during the period. Finally, Virginia Retirement Systems ET AL lifted its holdings in shares of Superior Energy Services by 16.4% in the first quarter. Virginia Retirement Systems ET AL now owns 28,051 shares of the oil and gas company’s stock valued at $400,000 after buying an additional 3,951 shares during the period.

Superior Energy Services, Inc. (NYSE SPN) opened at 10.02 on Monday. The stock’s 50 day moving average price is $9.20 and its 200-day moving average price is $11.40. The firm’s market cap is $1.53 billion. Superior Energy Services, Inc. has a one year low of $7.91 and a one year high of $19.39.

Superior Energy Services (NYSE:SPN) last released its earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.07. The business had revenue of $470.07 million for the quarter, compared to the consensus estimate of $465.75 million. Superior Energy Services had a negative return on equity of 28.82% and a negative net margin of 31.24%. Superior Energy Services’s quarterly revenue was up 31.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($3.09) earnings per share. Analysts forecast that Superior Energy Services, Inc. will post ($1.57) earnings per share for the current year.

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SPN has been the subject of several research analyst reports. Barclays PLC lowered Superior Energy Services from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $18.00 to $11.00 in a report on Wednesday, July 12th. Morgan Stanley restated an “equal weight” rating and issued a $14.00 price objective (down previously from $30.00) on shares of Superior Energy Services in a report on Wednesday, June 21st. Deutsche Bank AG restated a “buy” rating and issued a $15.00 price objective (down previously from $22.00) on shares of Superior Energy Services in a report on Thursday, July 27th. ValuEngine lowered Superior Energy Services from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Finally, BidaskClub lowered Superior Energy Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus 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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