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

Several research firms have recently commented on SPN. Barclays PLC raised Superior Energy Services from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $10.00 to $18.00 in a report on Wednesday, April 20th. Royal Bank Of Canada increased their price target on Superior Energy Services from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Thursday, June 16th. Nomura Holdings Inc. assumed coverage on Superior Energy Services in a research note on Friday, April 8th. They issued a “neutral” rating and a $13.00 price target on the stock. JPMorgan Chase & Co. cut Superior Energy Services from an “overweight” rating to a “neutral” rating and set a $13.00 price target on the stock. in a research note on Friday, April 15th. Finally, Scotiabank restated a “focus stock” rating and issued a $27.00 price target (up previously from $21.00) on shares of Superior Energy Services in a research note on Friday, June 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nineteen have issued a buy rating and four have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $17.07.

The company has a 50-day moving average price of $18.32 and a 200-day moving average price of $14.15. The company’s market cap is $2.66 billion.

Superior Energy Services (NYSE:SPN) last announced its earnings results on Thursday, April 28th. The company reported ($0.49) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.10. During the same quarter in the prior year, the company earned ($0.01) earnings per share. The business earned $413.10 million during the quarter, compared to the consensus estimate of $453.70 million. Superior Energy Services’s revenue was down 55.0% compared to the same quarter last year. On average, equities research analysts predict that Superior Energy Services Inc. will post ($2.15) EPS for the current year.

Other institutional investors have made changes to their positions in the company. Cornerstone Capital Management Holdings LLC. raised its position in shares of 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 worth $9,072,000 after buying an additional 170,428 shares in the last quarter. Sei Investments Co. raised its position 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 in the last quarter. UBS Oconnor LLC acquired a new position in shares of Superior Energy Services during the fourth quarter worth $2,894,000. Robeco Institutional Asset Management B.V. raised its position 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 in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Superior Energy Services by 2.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 203,305 shares of the company’s stock worth $2,739,000 after buying an additional 3,970 shares in the last quarter.

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