Superior Energy Services Inc. (NYSE:SPN) dropped 7.3% on Monday . The stock traded as low as $14.78 and last traded at $14.80, with a volume of 1,668,595 shares. The stock had previously closed at $15.97.

SPN has been the subject of several recent research reports. Iberia Capital increased their target price on shares of Superior Energy Services from $12.00 to $19.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 3rd. Zacks Investment Research downgraded shares of Superior Energy Services from a “buy” rating to a “hold” rating in a research note on Wednesday, July 20th. Scotiabank restated a “focus stock” rating and issued a $25.00 price objective (down previously from $27.00) on shares of Superior Energy Services in a research report on Wednesday, July 27th. Imperial Capital raised their price objective on shares of Superior Energy Services from $10.00 to $15.00 and gave the company an “in-line” rating in a research report on Monday, May 2nd. Finally, Royal Bank Of Canada restated a “hold” rating on shares of Superior Energy Services in a research report on Saturday, June 18th. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and four have given a strong buy rating to the stock. Superior Energy Services has an average rating of “Buy” and an average price target of $16.87.

The company has a 50-day moving average price of $17.85 and a 200 day moving average price of $14.41. The stock’s market cap is $2.25 billion.

Superior Energy Services (NYSE:SPN) last issued its quarterly earnings results on Monday, July 25th. The company reported ($0.53) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.58) by $0.05. The firm earned $356.30 million during the quarter, compared to analysts’ expectations of $367.73 million. During the same quarter last year, the company posted ($0.31) EPS. The firm’s revenue was down 49.9% compared to the same quarter last year. Equities research analysts expect that Superior Energy Services Inc. will post ($2.13) earnings per share for the current fiscal year.

Other large investors have recently modified their holdings of the company. Broadview Advisors LLC increased its stake in shares of Superior Energy Services by 19.2% in the fourth quarter. Broadview Advisors LLC now owns 166,123 shares of the company’s stock valued at $2,238,000 after buying an additional 26,750 shares during the period. BlackRock Advisors LLC increased its stake in shares of Superior Energy Services by 3.3% in the fourth quarter. BlackRock Advisors LLC now owns 4,170,323 shares of the company’s stock valued at $56,174,000 after buying an additional 132,200 shares during the period. Marshall Wace LLP increased its stake in shares of 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. Fiduciary Management Associates LLC increased its stake in shares of 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. Finally, UBS Oconnor LLC purchased a new stake in shares of Superior Energy Services during the fourth quarter valued at approximately $2,894,000.

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