Howard Weil downgraded shares of Superior Energy Services (NYSE:SPN) from a sector outperform rating to a sector perform rating in a research report sent to investors on Friday.

A number of other equities research analysts also recently issued reports on the stock. Cowen set a $14.00 target price on shares of Superior Energy Services and gave the company a buy rating in a report on Thursday. Scotiabank downgraded shares of Superior Energy Services to a hold rating in a report on Thursday. Stephens assumed coverage on shares of Superior Energy Services in a report on Tuesday, January 9th. They issued an equal weight rating and a $12.00 target price for the company. Zacks Investment Research downgraded shares of Superior Energy Services from a buy rating to a hold rating in a report on Saturday, January 6th. Finally, Susquehanna Bancshares upgraded shares of Superior Energy Services from a neutral rating to a positive rating and boosted their price objective for the stock from $9.00 to $15.00 in a research note on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the company. Superior Energy Services currently has a consensus rating of Hold and an average target price of $12.72.

Superior Energy Services (SPN) traded up $0.26 during trading on Friday, reaching $11.31. 5,007,800 shares of the company were exchanged, compared to its average volume of 4,231,378. Superior Energy Services has a 52-week low of $7.66 and a 52-week high of $18.81. The stock has a market capitalization of $1,731.37, a P/E ratio of -4.02 and a beta of 2.16. The company has a current ratio of 1.99, a quick ratio of 1.64 and a debt-to-equity ratio of 1.15.

Superior Energy Services (NYSE:SPN) last released its earnings results on Monday, October 23rd. The oil and gas company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.01). Superior Energy Services had a negative net margin of 24.59% and a negative return on equity of 26.18%. The company had revenue of $506.00 million during the quarter, compared to analysts’ expectations of $511.23 million. During the same quarter in the previous year, the firm posted ($0.73) earnings per share. Superior Energy Services’s revenue for the quarter was up 55.1% compared to the same quarter last year. analysts anticipate that Superior Energy Services will post -1.64 EPS for the current fiscal year.

In other Superior Energy Services news, Director Peter D. Kinnear acquired 20,000 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was bought at an average cost of $8.52 per share, for a total transaction of $170,400.00. Following the completion of the purchase, the director now directly owns 64,607 shares in the company, valued at $550,451.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.49% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Superior Energy Services by 2.8% during the second quarter. Vanguard Group Inc. now owns 12,918,988 shares of the oil and gas company’s stock worth $134,745,000 after purchasing an additional 353,628 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Superior Energy Services by 33.9% during the second quarter. Dimensional Fund Advisors LP now owns 8,272,972 shares of the oil and gas company’s stock worth $86,287,000 after purchasing an additional 2,095,988 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Superior Energy Services by 1.2% during the third quarter. Van ECK Associates Corp now owns 7,577,016 shares of the oil and gas company’s stock worth $80,923,000 after purchasing an additional 89,538 shares in the last quarter. State Street Corp lifted its position in shares of Superior Energy Services by 29.5% during the second quarter. State Street Corp now owns 5,866,537 shares of the oil and gas company’s stock worth $61,185,000 after purchasing an additional 1,335,740 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Superior Energy Services by 14.4% during the second quarter. Franklin Resources Inc. now owns 5,414,205 shares of the oil and gas company’s stock worth $56,470,000 after purchasing an additional 682,774 shares in the last quarter.

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Superior Energy Services Company Profile

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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