Superior Energy Services Inc. (NYSE:SPN) shares traded down 8.2% during trading on Tuesday . The company traded as low as $17.31 and last traded at $17.44, with a volume of 1,826,544 shares changing hands. The stock had previously closed at $18.99.

A number of research analysts recently commented on the stock. Paradigm Capital set a C$0.65 price target on shares of Superior Energy Services and gave the company a “buy” rating in a report on Monday, March 14th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Superior Energy Services in a report on Saturday, March 12th. Iberia Capital increased their price target on shares of Superior Energy Services from $12.00 to $19.00 and gave the company an “outperform” rating in a report on Tuesday, May 3rd. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Superior Energy Services in a report on Saturday, June 18th. Finally, Citigroup Inc. raised shares of Superior Energy Services from a “neutral” rating to a “buy” rating and increased their price target for the company from $14.00 to $20.00 in a report on Tuesday, May 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $16.76.

The company’s market capitalization is $2.70 billion. The company has a 50 day moving average of $17.87 and a 200-day moving average of $13.78.

Superior Energy Services (NYSE:SPN) last released its earnings results on Thursday, April 28th. The company reported ($0.49) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.59) by $0.10. The business had revenue of $413.10 million for the quarter, compared to analyst estimates of $453.70 million. Superior Energy Services’s quarterly revenue was down 55.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.01) earnings per share. Analysts predict that Superior Energy Services Inc. will post ($2.11) EPS for the current fiscal year.

A number of large investors have added to or reduced their stakes in SPN. Liberty Mutual Group Asset Management Inc. raised its stake in Superior Energy Services by 49.0% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 95,598 shares of the company’s stock worth $1,288,000 after buying an additional 31,442 shares during the period. Janus Capital Management acquired a new stake in Superior Energy Services during the third quarter worth about $1,478,000. Sei Investments Co. raised its stake in Superior Energy Services by 7,155.9% in the fourth quarter. Sei Investments Co. now owns 157,743 shares of the company’s stock worth $2,125,000 after buying an additional 155,569 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in Superior Energy Services by 85.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 182,916 shares of the company’s stock worth $2,464,000 after buying an additional 84,089 shares during the period. Finally, Retirement Systems of Alabama raised its stake in Superior Energy Services by 1.3% in the fourth quarter. Retirement Systems of Alabama now owns 193,689 shares of the company’s stock worth $2,609,000 after buying an additional 2,514 shares during the period.

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