Superior Energy Services Inc. (NYSE:SPN) traded down 1.3% on Monday . The company traded as low as $17.91 and last traded at $18.00, with a volume of 1,322,775 shares changing hands. The stock had previously closed at $18.24.

A number of equities research analysts have recently weighed in on the company. Barclays PLC boosted their target price on Superior Energy Services from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, May 2nd. Morgan Stanley boosted their target price on Superior Energy Services from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Tuesday, May 3rd. Royal Bank Of Canada reissued a “hold” rating on shares of Superior Energy Services in a research note on Saturday, June 18th. Iberia Capital boosted their target price on Superior Energy Services from $12.00 to $19.00 and gave the company an “outperform” rating in a research note on Tuesday, May 3rd. Finally, Citigroup Inc. lowered Superior Energy Services from a “buy” rating to a “neutral” rating and boosted their target price for the company from $12.00 to $14.00 in a research note on Friday, March 18th. 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 presently has a consensus rating of “Buy” and an average price target of $16.73.

The company’s market cap is $2.72 billion. The firm has a 50 day moving average of $18.05 and a 200-day moving average of $13.87.

Superior Energy Services (NYSE:SPN) last announced its quarterly earnings results on Thursday, April 28th. The company reported ($0.49) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.59) by $0.10. During the same period in the previous year, the business posted ($0.01) EPS. The business earned $413.10 million during the quarter, compared to the consensus estimate of $453.70 million. The firm’s revenue was down 55.0% on a year-over-year basis. Analysts forecast that Superior Energy Services Inc. will post ($2.11) earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in SPN. IronBridge Capital Management LP increased its stake in shares of Superior Energy Services by 185.0% in the fourth quarter. IronBridge Capital Management LP now owns 927,233 shares of the company’s stock valued at $12,490,000 after buying an additional 601,920 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Superior Energy Services by 52.5% in the fourth quarter. Victory Capital Management Inc. now owns 925,953 shares of the company’s stock valued at $12,473,000 after buying an additional 318,788 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Superior Energy Services during the fourth quarter valued at about $3,701,000. Energy Opportunities Capital Management LLC increased its stake in shares of Superior Energy Services by 43.3% in the fourth quarter. Energy Opportunities Capital Management LLC now owns 757,182 shares of the company’s stock valued at $10,199,000 after buying an additional 228,910 shares during the last quarter. Finally, UBS Oconnor LLC purchased a new stake in shares of Superior Energy Services during the fourth quarter valued at about $2,894,000.

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