Shares of Superior Energy Services Inc. (NYSE:SPN) traded down 7.3% during mid-day trading on Monday . The company 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.

A number of analysts have issued reports on the company. Iberia Capital raised their target price on Superior Energy Services from $12.00 to $19.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 3rd. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Superior Energy Services in a research note on Saturday, June 18th. Citigroup Inc. raised Superior Energy Services from a “neutral” rating to a “buy” rating and raised their target price for the stock from $14.00 to $20.00 in a research note on Tuesday, May 3rd. Scotiabank reaffirmed a “focus stock” rating and issued a $25.00 target price (down from $27.00) on shares of Superior Energy Services in a research note on Wednesday, July 27th. Finally, Capital One Financial Corp. raised Superior Energy Services from an “equal weight” rating to an “overweight” rating and set a $20.00 target price for the company in a research note on Wednesday, July 27th. Eight research 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. The company currently has a consensus rating of “Buy” and an average price target of $16.87.

The firm’s market cap is $2.29 billion. The firm 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 quarterly earnings data on Monday, July 25th. The company reported ($0.53) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.05. The business had revenue of $356.30 million for the quarter, compared to analyst estimates of $367.73 million. During the same quarter last year, the business earned ($0.31) EPS. Superior Energy Services’s revenue for the quarter was down 49.9% compared to the same quarter last year. On average, equities research analysts expect that Superior Energy Services Inc. will post ($2.13) EPS for the current fiscal year.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in the company. 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 worth $12,473,000 after buying an additional 318,788 shares in the last quarter. UBS Oconnor LLC purchased a new position in Superior Energy Services during the fourth quarter worth approximately $2,894,000. Marshall Wace LLP increased 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 worth $5,796,000 after buying an additional 206,709 shares in the last quarter. 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 worth $12,561,000 after buying an additional 201,020 shares in the last quarter. Finally, Bank of Montreal Can increased its position in Superior Energy Services by 333.8% in the fourth quarter. Bank of Montreal Can now owns 247,123 shares of the company’s stock worth $3,328,000 after buying an additional 190,162 shares in the last quarter.

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