Superior Energy Services Inc. (NYSE:SPN) traded up 2% during trading on Tuesday . The stock traded as high as $15.31 and last traded at $15.14, with a volume of 2,816,662 shares. The stock had previously closed at $14.84.

Several equities research analysts have commented on the company. Deutsche Bank AG reiterated a “buy” rating and set a $22.00 price objective (up from $20.00) on shares of Superior Energy Services in a research note on Wednesday, June 8th. Citigroup Inc. boosted their price objective on Superior Energy Services from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, July 13th. Scotiabank reiterated a “focus stock” rating and set a $27.00 price objective (up from $21.00) on shares of Superior Energy Services in a research note on Friday, June 17th. Royal Bank Of Canada reiterated a “hold” rating on shares of Superior Energy Services in a research note on Saturday, June 18th. Finally, Howard Weil boosted their target price on Superior Energy Services from $21.00 to $27.00 and gave the stock a “focus stock” rating in a report on Thursday, June 16th. Eight analysts have rated the stock with a hold rating, twenty have issued a buy rating and four have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $16.87.

The stock’s market cap is $2.29 billion. The company has a 50-day moving average price of $17.76 and a 200-day moving average price of $14.45.

Superior Energy Services (NYSE:SPN) last issued its earnings results on Monday, July 25th. The company reported ($0.53) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.58) by $0.05. The company earned $356.30 million during the quarter, compared to analysts’ expectations of $367.73 million. During the same period last year, the business posted ($0.31) earnings per share. The company’s quarterly revenue was down 49.9% on a year-over-year basis. On average, equities analysts predict that Superior Energy Services Inc. will post ($2.13) EPS for the current fiscal year.

A number of hedge funds and institutional investors recently modified their holdings of SPN. Broadview Advisors LLC boosted its position 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 worth $2,238,000 after buying an additional 26,750 shares during the period. BlackRock Advisors LLC boosted its position 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 worth $56,174,000 after buying an additional 132,200 shares during the period. Marshall Wace LLP boosted its position 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 worth $5,796,000 after buying an additional 206,709 shares during the period. Fiduciary Management Associates LLC boosted its position 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 worth $12,561,000 after buying an additional 201,020 shares during the period. Finally, UBS Oconnor LLC acquired a new position in shares of Superior Energy Services during the fourth quarter worth $2,894,000.

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