Superior Energy Services Inc. (NYSE:SPN)’s share price rose 5% during trading on Thursday . The company traded as high as $18.50 and last traded at $18.36, with a volume of 815,970 shares. The stock had previously closed at $17.49.

Several research firms have recently issued reports on SPN. Iberia Capital upped their price objective on shares of Superior Energy Services from $12.00 to $19.00 and gave the company an “outperform” rating in a report on Tuesday, May 3rd. Zacks Investment Research downgraded shares of Superior Energy Services from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th. Scotiabank restated a “focus stock” rating and set a $25.00 price objective (down previously from $27.00) on shares of Superior Energy Services in a report on Wednesday, July 27th. Imperial Capital upped 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 report on Monday, May 2nd. Finally, Royal Bank Of Canada restated a “hold” rating on shares of Superior Energy Services in a report on Saturday, June 18th. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and four have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $16.94.

The stock has a 50 day moving average price of $17.17 and a 200 day moving average price of $14.95. The firm’s market capitalization is $2.78 billion.

Superior Energy Services (NYSE:SPN) last posted its quarterly earnings results on Monday, July 25th. The company reported ($0.53) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.58) by $0.05. The business earned $356.30 million during the quarter, compared to analysts’ expectations of $367.73 million. The firm’s quarterly revenue was down 49.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.31) earnings per share. On average, analysts predict that Superior Energy Services Inc. will post ($2.12) earnings per share for the current fiscal year.

Several hedge funds have bought and sold shares of the stock. BlackRock Advisors LLC increased 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. Marshall Wace LLP increased its stake 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 during the last quarter. Victory Capital Management Inc. increased its stake 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 during the last quarter. Finally, Bank of Montreal Can increased 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 last quarter.

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