Superior Energy Services, Inc. (NYSE:SPN) gapped down prior to trading on Thursday . The stock had previously closed at $10.62, but opened at $10.36. Superior Energy Services shares last traded at $10.26, with a volume of 3,314,174 shares traded.

A number of equities research analysts have issued reports on SPN shares. Barclays PLC lowered shares of Superior Energy Services from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $18.00 to $11.00 in a report on Wednesday, July 12th. ValuEngine lowered shares of Superior Energy Services from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Morgan Stanley reissued an “equal weight” rating and issued a $14.00 price target (down previously from $30.00) on shares of Superior Energy Services 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 report on Thursday, July 27th. Finally, BidaskClub lowered shares of Superior Energy Services from a “hold” rating to a “sell” rating in a report 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 assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $16.11.

The firm’s market capitalization is $1.57 billion. The stock’s 50-day moving average price is $9.78 and its 200 day moving average price is $10.83.

Superior Energy Services (NYSE:SPN) last issued its earnings results 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. Superior Energy Services had a negative net margin of 31.24% and a negative return on equity of 28.82%. The company had revenue of $470.07 million for the quarter, compared to analysts’ expectations of $465.75 million. During the same period in the prior year, the business earned ($3.09) EPS. The firm’s quarterly revenue was up 31.9% on a year-over-year basis. Equities analysts anticipate that Superior Energy Services, Inc. will post ($1.59) earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in SPN. US Bancorp DE boosted 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 buying an additional 4,072 shares in the last quarter. Comerica Bank boosted its holdings in shares of Superior Energy Services by 5.2% in the 1st quarter. Comerica Bank now owns 129,811 shares of the oil and gas company’s stock valued at $1,592,000 after buying an additional 6,413 shares in the last quarter. UBS Asset Management Americas Inc. boosted its holdings in shares of Superior Energy Services by 11.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 136,875 shares of the oil and gas company’s stock valued at $1,952,000 after buying an additional 14,595 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of Superior Energy Services in the 1st quarter valued at about $697,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Superior Energy Services by 182.6% in the 1st quarter. SG Americas Securities LLC now owns 50,113 shares of the oil and gas company’s stock valued at $715,000 after buying an additional 32,378 shares in the last quarter.

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Superior Energy Services Company Profile

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