Shares of Superior Energy Services Inc. (NYSE:SPN) were down 2.9% on Thursday . The company traded as low as $17.49 and last traded at $17.50, with a volume of 2,208,108 shares trading hands. The stock had previously closed at $18.03.

A number of analysts have weighed in on SPN shares. Iberia Capital raised their price target 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. Royal Bank Of Canada restated a “hold” rating on shares of Superior Energy Services in a research note on Thursday, March 31st. Zacks Investment Research cut Superior Energy Services from a “buy” rating to a “hold” rating in a research note on Wednesday. Imperial Capital raised their price target on Superior Energy Services from $10.00 to $15.00 and gave the company an “in-line” rating in a research note on Monday, May 2nd. Finally, Morgan Stanley restated a “buy” rating and issued a $22.00 price target (up from $20.00) on shares of Superior Energy Services in a research note on Monday, May 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have given a buy rating and four have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $17.07.

The firm’s 50-day moving average is $18.30 and its 200 day moving average is $14.12. The firm’s market capitalization is $2.65 billion.

Superior Energy Services (NYSE:SPN) last posted its earnings results on Thursday, April 28th. The company reported ($0.49) EPS for the quarter, topping the consensus estimate of ($0.59) by $0.10. The firm earned $413.10 million during the quarter, compared to the consensus estimate of $453.70 million. Superior Energy Services’s revenue for the quarter was down 55.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.01) EPS. Analysts anticipate that Superior Energy Services Inc. will post ($2.15) earnings per share for the current fiscal year.

A number of hedge funds and institutional investors have recently bought and sold shares of the company. Fiduciary Management Associates LLC boosted 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. Victory Capital Management Inc. boosted 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. Cornerstone Capital Management Holdings LLC. boosted 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. Principal Financial Group Inc. boosted its position in Superior Energy Services by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 485,384 shares of the company’s stock valued at $6,538,000 after buying an additional 12,724 shares during the period. Finally, Marshall Wace LLP boosted its position in Superior Energy Services by 92.5% in the fourth quarter. Marshall Wace LLP now owns 430,265 shares of the company’s stock valued at $5,796,000 after buying an additional 206,709 shares during the period.

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