Shares of Superior Energy Services Inc. (NYSE:SPN) shot 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. The stock had previously closed at $16.00.

A number of brokerages have recently weighed in on SPN. Citigroup Inc. reduced their price objective on shares of Superior Energy Services from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, July 28th. Scotiabank restated a “focus stock” rating and issued a $25.00 price objective (down from $27.00) on shares of Superior Energy Services in a research note on Wednesday, July 27th. Jefferies Group restated a “buy” rating and issued a $21.00 price objective on shares of Superior Energy Services in a research note on Wednesday, July 27th. Howard Weil reduced their price objective on shares of Superior Energy Services from $27.00 to $25.00 and set a “focus stock” rating for the company in a research note on Wednesday, July 27th. Finally, Capital One Financial Corp. upgraded shares of Superior Energy Services from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective for the company in a research note on Wednesday, July 27th. Eight analysts have rated the stock with a hold rating, twenty have issued a buy rating and four have issued a strong buy rating to the company’s stock. Superior Energy Services currently has an average rating of “Buy” and an average target price of $16.87.

The firm has a 50-day moving average of $17.40 and a 200 day moving average of $14.66. The firm’s market capitalization is $2.56 billion.

Superior Energy Services (NYSE:SPN) last posted its quarterly earnings data on Monday, July 25th. The company reported ($0.53) EPS for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.05. The firm had revenue of $356.30 million for 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 analysts predict that Superior Energy Services Inc. will post ($2.13) earnings per share for the current fiscal year.

Other hedge funds have recently bought and sold shares of the company. Broadview Advisors LLC boosted its stake in 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. Liberty Mutual Group Asset Management Inc. boosted its stake in 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 worth $1,288,000 after buying an additional 31,442 shares during the period. BlackRock Advisors LLC boosted its stake in 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. Bank of Montreal Can boosted its stake 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 during the period. Finally, Fiduciary Management Associates LLC boosted its stake 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 during the period.

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