Superior Energy Services Inc. (NYSE:SPN) dropped 4.3% during trading on Thursday . The stock traded as low as $15.99 and last traded at $16.11, with a volume of 2,208,906 shares. The stock had previously closed at $16.83.

SPN has been the subject of several recent analyst reports. Citigroup Inc. raised their target price 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. Jefferies Group reaffirmed a “buy” rating and set a $21.00 target price (down previously from $22.00) on shares of Superior Energy Services in a research note on Monday, July 11th. Zacks Investment Research raised Superior Energy Services from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Thursday, June 30th. Deutsche Bank AG reaffirmed a “buy” rating and set a $22.00 target price (up previously from $20.00) on shares of Superior Energy Services in a research note on Wednesday, June 8th. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Superior Energy Services in a research note on Friday, August 19th. Eight analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $16.94.

The stock has a 50 day moving average price of $16.93 and a 200-day moving average price of $15.55. The stock’s market capitalization is $2.49 billion.

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

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