Deutsche Bank AG started coverage on shares of Superior Energy Services, Inc. (NYSE:SPN) in a report issued on Tuesday morning. The firm issued a buy rating and a $15.00 price objective on the oil and gas company’s stock.

Several other analysts also recently issued reports on SPN. Royal Bank Of Canada set a $20.00 price objective on Superior Energy Services and gave the stock a hold rating in a report on Saturday, June 24th. Cowen and Company set a $14.00 price objective on Superior Energy Services and gave the stock a buy rating in a report on Friday, October 6th. BidaskClub downgraded Superior Energy Services from a sell rating to a strong sell rating in a report on Wednesday, August 16th. Jefferies Group LLC restated a hold rating and set a $14.00 price objective on shares of Superior Energy Services in a report on Friday, July 14th. Finally, Piper Jaffray Companies restated a buy rating on shares of Superior Energy Services in a report on Tuesday, September 26th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the stock. Superior Energy Services has an average rating of Hold and an average target price of $16.11.

Superior Energy Services (SPN) opened at 10.15 on Tuesday. The stock has a 50 day moving average of $9.67 and a 200-day moving average of $10.84. The stock’s market cap is $1.55 billion. Superior Energy Services has a one year low of $7.91 and a one year high of $19.39.

Superior Energy Services (NYSE:SPN) last posted its quarterly earnings data on Tuesday, July 25th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.48) by $0.07. The firm 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%. The business’s revenue for the quarter was up 31.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($3.09) EPS. Analysts anticipate that Superior Energy Services will post ($1.58) EPS for the current year.

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Institutional investors and hedge funds have recently modified their holdings of the company. Suntrust Banks Inc. acquired a new position in shares of Superior Energy Services in the 2nd quarter valued at about $108,000. Washington Trust Bank increased its holdings in shares of Superior Energy Services by 10.1% in the 2nd quarter. Washington Trust Bank now owns 10,800 shares of the oil and gas company’s stock valued at $113,000 after purchasing an additional 990 shares during the period. Nomura Holdings Inc. acquired a new position in shares of Superior Energy Services in the 2nd quarter valued at about $116,000. US Bancorp DE increased its holdings in shares of Superior Energy Services by 57.7% in the 1st quarter. US Bancorp DE now owns 11,130 shares of the oil and gas company’s stock valued at $159,000 after purchasing an additional 4,072 shares during the period. Finally, Oakbrook Investments LLC acquired a new position in shares of Superior Energy Services in the 2nd quarter valued at about $118,000.

About Superior Energy Services

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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