Superior Energy Services Inc. (NYSE:SPN) shares traded up 5.1% on Monday . The company traded as high as $16.95 and last traded at $16.81, with a volume of 1,193,680 shares trading hands. The stock had previously closed at $16.00.

SPN has been the topic of a number of recent research reports. Iberia Capital upped their price target on shares of 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 Saturday, June 18th. Citigroup Inc. upgraded shares of Superior Energy Services from a “neutral” rating to a “buy” rating and upped their price target for the company from $14.00 to $20.00 in a research note on Tuesday, May 3rd. Scotiabank restated a “focus stock” rating and set a $25.00 price target (down from $27.00) on shares of Superior Energy Services in a research note on Wednesday, July 27th. Finally, Howard Weil dropped their price target on shares of Superior Energy Services from $27.00 to $25.00 and set a “focus stock” rating on the stock 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 given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $16.87.

The firm has a 50 day moving average of $17.52 and a 200 day moving average of $14.48. The firm’s market cap is $2.53 billion.

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

Other institutional investors have modified their holdings of the company. Liberty Mutual Group Asset Management Inc. increased its position in shares of Superior Energy Services by 49.0% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 95,598 shares of the company’s stock valued at $1,288,000 after buying an additional 31,442 shares during the period. Broadview Advisors LLC increased 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 valued at $2,238,000 after buying an additional 26,750 shares during the period. UBS Oconnor LLC acquired a new position in shares of Superior Energy Services during the fourth quarter valued at $2,894,000. Bank of Montreal Can increased its position in shares of Superior Energy Services by 333.8% in the fourth quarter. Bank of Montreal Can now owns 247,123 shares of the company’s stock valued at $3,328,000 after buying an additional 190,162 shares during the period. Finally, Marshall Wace LLP increased 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 valued at $5,796,000 after buying an additional 206,709 shares during the period.

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