Jefferies Group LLC set a $13.00 price target on Superior Energy Services, Inc. (NYSE:SPN) in a report issued on Thursday. The firm currently has a hold rating on the oil and gas company’s stock.

SPN has been the subject of a number of other research reports. Seaport Global Securities downgraded shares of Superior Energy Services from a buy rating to a neutral rating and cut their price objective for the company from $13.00 to $10.00 in a report on Wednesday, June 21st. 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 note on Thursday, July 27th. BidaskClub raised shares of Superior Energy Services from a sell rating to a hold rating in a research note on Tuesday, July 18th. Loop Capital reissued a buy rating on shares of Superior Energy Services in a research note on Monday, July 3rd. Finally, Barclays PLC cut shares of Superior Energy Services from an overweight rating to an equal weight rating and dropped their price target for the company from $18.00 to $11.00 in a research note on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $16.11.

Superior Energy Services (SPN) opened at 10.02 on Thursday. The company has a 50-day moving average price of $9.57 and a 200 day moving average price of $10.92. The stock’s market cap is $1.53 billion. Superior Energy Services has a 52-week low of $7.91 and a 52-week high of $19.39.

Superior Energy Services (NYSE:SPN) last released its quarterly earnings data 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. The company had revenue of $470.07 million during the quarter, compared to the consensus estimate of $465.75 million. Superior Energy Services had a negative net margin of 31.24% and a negative return on equity of 28.82%. Superior Energy Services’s quarterly revenue was up 31.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($3.09) EPS. On average, analysts expect that Superior Energy Services will post ($1.58) earnings per share for the current year.

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A number of large investors have recently made changes to their positions in SPN. US Bancorp DE raised its stake in Superior Energy Services by 57.7% during the 1st quarter. US Bancorp DE now owns 11,130 shares of the oil and gas company’s stock worth $159,000 after acquiring an additional 4,072 shares in the last quarter. Comerica Bank raised its stake in Superior Energy Services by 5.2% during the 1st quarter. Comerica Bank now owns 129,811 shares of the oil and gas company’s stock worth $1,592,000 after acquiring an additional 6,413 shares in the last quarter. Swiss National Bank raised its stake in Superior Energy Services by 1.3% during the 1st quarter. Swiss National Bank now owns 249,575 shares of the oil and gas company’s stock worth $3,559,000 after acquiring an additional 3,200 shares in the last quarter. World Asset Management Inc raised its stake in Superior Energy Services by 2.0% during the 1st quarter. World Asset Management Inc now owns 11,631 shares of the oil and gas company’s stock worth $166,000 after acquiring an additional 226 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in Superior Energy Services by 11.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 136,875 shares of the oil and gas company’s stock worth $1,952,000 after acquiring an additional 14,595 shares in the last quarter.

Superior Energy Services Company Profile

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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