Macquarie Group Ltd. increased its holdings in shares of Superior Energy Services, Inc. (NYSE:SPN) by 30.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,639,614 shares of the oil and gas company’s stock after purchasing an additional 385,663 shares during the period. Macquarie Group Ltd. owned 1.07% of Superior Energy Services worth $17,101,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of SPN. US Bancorp DE grew its holdings in Superior Energy Services by 57.7% during the first quarter. US Bancorp DE now owns 11,130 shares of the oil and gas company’s stock worth $159,000 after purchasing an additional 4,072 shares during the period. UBS Asset Management Americas Inc. grew its holdings in Superior Energy Services by 11.9% during the first quarter. UBS Asset Management Americas Inc. now owns 136,875 shares of the oil and gas company’s stock worth $1,952,000 after purchasing an additional 14,595 shares during the period. Karp Capital Management Corp bought a new position in Superior Energy Services during the first quarter worth about $697,000. SG Americas Securities LLC grew its holdings in Superior Energy Services by 182.6% during the first quarter. SG Americas Securities LLC now owns 50,113 shares of the oil and gas company’s stock worth $715,000 after purchasing an additional 32,378 shares during the period. Finally, Neuberger Berman Group LLC grew its holdings in Superior Energy Services by 19.9% during the first quarter. Neuberger Berman Group LLC now owns 15,820 shares of the oil and gas company’s stock worth $226,000 after purchasing an additional 2,625 shares during the period.

Superior Energy Services (NYSE:SPN) last issued its quarterly 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 during the quarter, compared to analyst estimates of $465.75 million. During the same quarter last year, the business posted ($3.09) EPS. Superior Energy Services’s quarterly revenue was up 31.9% compared to the same quarter last year.

A number of research firms recently commented on SPN. BMO Capital Markets reiterated a “hold” rating and set a $10.00 price target on shares of Superior Energy Services in a report on Friday. Deutsche Bank AG began coverage on Superior Energy Services in a report on Tuesday. They set a “buy” rating and a $15.00 price target for the company. Royal Bank Of Canada set a $14.00 price target on Superior Energy Services and gave the stock a “hold” rating in a report on Saturday, October 7th. Cowen and Company set a $14.00 price target on Superior Energy Services and gave the stock a “buy” rating in a report on Friday, October 6th. Finally, Jefferies Group LLC set a $13.00 price target on Superior Energy Services and gave the stock a “hold” rating in a report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $15.83.

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About Superior Energy Services

Institutional Ownership by Quarter for Superior Energy Services (NYSE:SPN)

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