Superior Energy Services Inc. (NYSE:SPN) traded up 2.4% during trading on Thursday . The company traded as high as $18.22 and last traded at $17.79, with a volume of 1,704,286 shares. The stock had previously closed at $17.37.

A number of research analysts recently weighed in on SPN shares. JPMorgan Chase & Co. downgraded Superior Energy Services from an “overweight” rating to a “neutral” rating and set a $13.00 price target on the stock. in a research report on Friday, April 15th. Morgan Stanley lifted their price objective on Superior Energy Services from $15.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, April 19th. Royal Bank Of Canada lifted their price objective on Superior Energy Services from $12.00 to $14.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 30th. Citigroup Inc. lowered Superior Energy Services from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $12.00 to $14.00 in a report on Friday, March 18th. Finally, Credit Suisse Group AG lowered Superior Energy Services from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $12.00 to $16.00 in a report on Wednesday, June 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $16.76.

The stock’s 50 day moving average is $18.00 and its 200-day moving average is $13.85. The firm’s market cap is $2.76 billion.

Superior Energy Services (NYSE:SPN) last released its quarterly earnings results on Thursday, April 28th. The company reported ($0.49) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.10. The company had revenue of $413.10 million for the quarter, compared to analyst estimates of $453.70 million. During the same quarter last year, the firm posted ($0.01) EPS. Superior Energy Services’s revenue for the quarter was down 55.0% on a year-over-year basis. Equities research analysts forecast that Superior Energy Services Inc. will post ($2.11) EPS for the current fiscal year.

Other large investors have modified their holdings of the company. Liberty Mutual Group Asset Management Inc. boosted its stake in shares of 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 last quarter. Janus Capital Management acquired a new stake in shares of Superior Energy Services during the third quarter worth about $1,478,000. Sei Investments Co. boosted its stake in shares of 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 last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of 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 last quarter. Finally, Retirement Systems of Alabama boosted its stake in shares of 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 last quarter.

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