Superior Energy Services, Inc. (NYSE:SPN) – Capital One Financial Corporation lowered their Q3 2017 EPS estimates for Superior Energy Services in a report issued on Monday. Capital One Financial Corporation analyst L. Lemoine now expects that the oil and gas company will post earnings per share of ($0.34) for the quarter, down from their prior estimate of ($0.32). Capital One Financial Corporation also issued estimates for Superior Energy Services’ Q4 2017 earnings at ($0.31) EPS and FY2017 earnings at ($1.65) EPS.

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 Thomson Reuters’ consensus estimate 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 net margin of 31.24% and a negative return on equity of 28.82%. The company’s revenue was up 31.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($3.09) earnings per share. WARNING: “Superior Energy Services, Inc. Forecasted to Post Q3 2017 Earnings of ($0.34) Per Share (SPN)” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/10/12/superior-energy-services-inc-forecasted-to-post-q3-2017-earnings-of-0-34-per-share-spn.html.

A number of other research analysts have also recently weighed in on the company. Cowen and Company set a $14.00 price objective on Superior Energy Services and gave the company a “buy” rating in a research report on Friday, October 6th. Piper Jaffray Companies set a $15.00 price objective on Superior Energy Services and gave the company a “buy” rating in a research report on Tuesday, July 25th. Morgan Stanley cut Superior Energy Services from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, June 21st. Royal Bank Of Canada set a $20.00 price objective on Superior Energy Services and gave the company a “hold” rating in a research report on Saturday, June 24th. Finally, Barclays PLC set a $12.00 price objective on Superior Energy Services and gave the company a “hold” rating in a research report on Wednesday, July 26th. Two 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 company’s stock. Superior Energy Services currently has an average rating of “Hold” and an average price target of $16.11.

Shares of Superior Energy Services (SPN) opened at 10.36 on Wednesday. The stock’s market capitalization is $1.59 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 is $9.73 and its 200 day moving average is $10.83.

Several hedge funds have recently modified their holdings of SPN. Suntrust Banks Inc. purchased a new stake in shares of Superior Energy Services in the 2nd quarter worth $108,000. Washington Trust Bank lifted 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 worth $113,000 after buying an additional 990 shares during the period. Nomura Holdings Inc. purchased a new stake in shares of Superior Energy Services in the 2nd quarter worth $116,000. Oakbrook Investments LLC purchased a new stake in shares of Superior Energy Services in the 2nd quarter worth $118,000. Finally, Endurance Wealth Management Inc. lifted its holdings in shares of Superior Energy Services by 4.9% in the 2nd quarter. Endurance Wealth Management Inc. now owns 11,565 shares of the oil and gas company’s stock worth $121,000 after buying an additional 539 shares during the period.

Superior Energy Services Company Profile

Earnings History and Estimates for Superior Energy Services (NYSE:SPN)

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