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

Several research analysts recently issued reports on the stock. Barclays PLC upgraded shares of Superior Energy Services from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $10.00 to $18.00 in a research note on Wednesday, April 20th. Royal Bank Of Canada increased their price target on shares of Superior Energy Services from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 16th. Nomura Holdings Inc. assumed coverage on shares of Superior Energy Services in a research note on Friday, April 8th. They issued a “neutral” rating and a $13.00 price target for the company. JPMorgan Chase & Co. lowered shares of Superior Energy Services from an “overweight” rating to a “neutral” rating and set a $13.00 price target for the company. in a research note on Friday, April 15th. Finally, Scotiabank reiterated a “focus stock” rating and issued a $27.00 price target (up from $21.00) on shares of Superior Energy Services in a research note on Friday, June 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the stock. Superior Energy Services has a consensus rating of “Buy” and a consensus target price of $16.73.

The company’s market cap is $2.78 billion. The stock’s 50 day moving average is $18.13 and its 200-day moving average is $13.91.

Superior Energy Services (NYSE:SPN) last posted its quarterly earnings data on Thursday, April 28th. The company reported ($0.49) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.59) by $0.10. During the same quarter last year, the company earned ($0.01) EPS. The company had revenue of $413.10 million for the quarter, compared to analyst estimates of $453.70 million. The business’s revenue was down 55.0% compared to the same quarter last year. On average, equities analysts expect that Superior Energy Services Inc. will post ($2.11) EPS for the current year.

Several institutional investors recently bought and sold shares of SPN. Pzena Investment Management LLC increased its position in Superior Energy Services by 3.2% in the fourth quarter. Pzena Investment Management LLC now owns 5,133,425 shares of the company’s stock valued at $69,147,000 after buying an additional 157,790 shares during the period. Fiduciary Management Associates LLC increased its position in Superior Energy Services by 27.5% in the fourth quarter. Fiduciary Management Associates LLC now owns 932,505 shares of the company’s stock valued at $12,561,000 after buying an additional 201,020 shares during the period. IronBridge Capital Management LP increased its position in 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 period. Victory Capital Management Inc. increased its position in 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 period. Finally, Cornerstone Capital Management Holdings LLC. increased its position in Superior Energy Services by 33.9% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 673,533 shares of the company’s stock valued at $9,072,000 after buying an additional 170,428 shares during the period.

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