Prudential Financial Inc. raised its holdings in Superior Energy Services, Inc. (NYSE:SPN) by 1,192.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,326,733 shares of the oil and gas company’s stock after purchasing an additional 1,224,080 shares during the quarter. Prudential Financial Inc. owned 0.87% of Superior Energy Services worth $14,170,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. World Asset Management Inc boosted its holdings in Superior Energy Services by 0.3% in the 2nd quarter. World Asset Management Inc now owns 11,665 shares of the oil and gas company’s stock valued at $122,000 after purchasing an additional 34 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Superior Energy Services by 3.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 12,602 shares of the oil and gas company’s stock valued at $131,000 after acquiring an additional 447 shares during the period. Endurance Wealth Management Inc. lifted its position in shares of Superior Energy Services by 4.9% during the 2nd quarter. Endurance Wealth Management Inc. now owns 11,565 shares of the oil and gas company’s stock valued at $121,000 after acquiring an additional 539 shares during the period. Arizona State Retirement System lifted its position in shares of Superior Energy Services by 1.3% during the 2nd quarter. Arizona State Retirement System now owns 64,400 shares of the oil and gas company’s stock valued at $672,000 after acquiring an additional 800 shares during the period. Finally, State Treasurer State of Michigan lifted its position in shares of Superior Energy Services by 1.4% during the 2nd quarter. State Treasurer State of Michigan now owns 63,000 shares of the oil and gas company’s stock valued at $657,000 after acquiring an additional 900 shares during the period.

A number of equities research analysts have recently issued reports on SPN shares. Scotiabank set a $22.00 price target on shares of Superior Energy Services and gave the company a “buy” rating in a research report on Thursday, July 27th. Piper Jaffray Companies set a $15.00 price target on shares of Superior Energy Services and gave the company a “buy” rating in a research report on Tuesday, July 25th. Deutsche Bank AG reiterated a “buy” rating and set a $15.00 price target (down from $22.00) on shares of Superior Energy Services in a research report on Thursday, July 27th. Cowen and Company set a $14.00 price target on shares of Superior Energy Services and gave the company a “buy” rating in a research report on Friday, October 6th. Finally, Loop Capital set a $13.00 price target on shares of Superior Energy Services and gave the company a “buy” rating in a research report on Wednesday, October 25th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $13.82.

Shares of Superior Energy Services, Inc. (NYSE SPN) opened at $8.81 on Tuesday. The company has a quick ratio of 1.64, a current ratio of 1.99 and a debt-to-equity ratio of 1.15. Superior Energy Services, Inc. has a 12 month low of $7.66 and a 12 month high of $19.28.

Superior Energy Services (NYSE:SPN) last released its earnings results on Monday, October 23rd. The oil and gas company reported ($0.33) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.32) by ($0.01). The firm had revenue of $506.00 million during the quarter, compared to analysts’ expectations of $511.23 million. Superior Energy Services had a negative return on equity of 26.18% and a negative net margin of 24.59%. The firm’s revenue was up 55.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.73) earnings per share. research analysts expect that Superior Energy Services, Inc. will post -1.63 EPS for the current fiscal year.

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In related news, Director Peter D. Kinnear acquired 20,000 shares of the stock in a transaction dated Monday, October 30th. The stock was bought at an average cost of $8.52 per share, with a total value of $170,400.00. Following the purchase, the director now directly owns 64,607 shares of the company’s stock, valued at $550,451.64. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.49% of the stock is owned by insiders.

Superior Energy Services Profile

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

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