Sup Energy Svcs (SPN) Releases FY13 Earnings Guidance
Sup Energy Svcs (SPN) updated its FY13 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.85-2.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.22.
Shares of Sup Energy Svcs (SPN) traded up 0.44% during mid-day trading on Tuesday, hitting $25.12. Sup Energy Svcs (SPN) has a one year low of $17.54 and a one year high of $30.85. The stock’s 50-day moving average is currently $24.73. The company has a market cap of $3.961 billion and a P/E ratio of 10.64.
Sup Energy Svcs last issued its quarterly earnings data on Tuesday, February 26th. The company reported $0.49 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.49. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 109.5% on a year-over-year basis. Sup Energy Svcs has set its FY13 guidance at $1.85-2.35 EPS. On average, analysts predict that Sup Energy Svcs (SPN) will post $2.60 earnings per share for the current fiscal year.
SPN has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of Sup Energy Svcs from $26.00 to $30.00 in a research note to investors on Friday. They now have an outperform rating on the stock. On a related note, analysts at Credit Suisse initiated coverage on shares of Sup Energy Svcs in a research note to investors on Friday, February 1st. They set an outperform rating and a $29.00 price target on the stock. Finally, analysts at Sterne Agee downgraded shares of Sup Energy Svcs from a buy rating to a neutral rating in a research note to investors on Tuesday, January 8th. They now have a $24.00 price target on the stock, down previously from $26.00.
Nine equities research analysts have rated the stock with a buy rating, five have issued an overweight rating, and two have assigned a hold rating to the company’s stock. Sup Energy Svcs presently has an average rating of overweight and a consensus price target of $28.62.
Superior Energy Services, Inc. is a diversified provider of specialized oilfield services and equipment.
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