Amalgamated Bank raised its position in Superior Energy Services, Inc. (NYSE:SPN) by 3.1% during the first quarter, Holdings Channel reports. The firm owned 23,846 shares of the oil and gas company’s stock after buying an additional 706 shares during the period. Amalgamated Bank’s holdings in Superior Energy Services were worth $340,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. BlackRock Inc. increased its stake in Superior Energy Services by 10,301.4% in the first quarter. BlackRock Inc. now owns 23,424,814 shares of the oil and gas company’s stock worth $334,036,000 after buying an additional 23,199,606 shares during the period. Morgan Stanley increased its stake in Superior Energy Services by 44.4% in the first quarter. Morgan Stanley now owns 750,786 shares of the oil and gas company’s stock worth $10,707,000 after buying an additional 230,694 shares during the period. GMT Capital Corp increased its stake in Superior Energy Services by 380.1% in the first quarter. GMT Capital Corp now owns 1,400,530 shares of the oil and gas company’s stock worth $19,972,000 after buying an additional 1,108,800 shares during the period. Dimensional Fund Advisors LP increased its stake in Superior Energy Services by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 6,176,984 shares of the oil and gas company’s stock worth $88,080,000 after buying an additional 207,182 shares during the period. Finally, Liberty Mutual Group Asset Management Inc. increased its stake in Superior Energy Services by 1.8% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 68,737 shares of the oil and gas company’s stock worth $980,000 after buying an additional 1,192 shares during the period.

Superior Energy Services, Inc. (NYSE:SPN) opened at 11.08 on Monday. Superior Energy Services, Inc. has a 52 week low of $8.99 and a 52 week high of $19.39. The company’s market capitalization is $1.69 billion. The company’s 50-day moving average price is $10.69 and its 200 day moving average price is $14.36.

Superior Energy Services (NYSE:SPN) last issued its quarterly earnings results on Tuesday, April 25th. The oil and gas company reported ($0.59) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.61) by $0.02. The company had revenue of $400.94 million for the quarter, compared to the consensus estimate of $388.26 million. Superior Energy Services had a negative return on equity of 27.75% and a negative net margin of 62.02%. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.49) EPS. On average, equities research analysts anticipate that Superior Energy Services, Inc. will post ($1.70) EPS for the current year.

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A number of research firms recently issued reports on SPN. Jefferies Group LLC reissued a “hold” rating and set a $14.00 target price on shares of Superior Energy Services in a research report on Friday. Barclays PLC cut Superior Energy Services from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $18.00 to $11.00 in a report on Wednesday, July 12th. BidaskClub cut Superior Energy Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Loop Capital restated a “buy” rating on shares of Superior Energy Services in a report on Monday, July 3rd. Finally, Guggenheim cut Superior Energy Services from a “buy” rating to a “neutral” rating in a report on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.63.

In other news, insider David D. Dunlap acquired 45,000 shares of the firm’s stock in a transaction dated Friday, April 28th. The shares were bought at an average price of $12.26 per share, with a total value of $551,700.00. Following the acquisition, the insider now owns 530,657 shares of the company’s stock, valued at $6,505,854.82. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.91% of the stock is currently owned by company insiders.

Superior Energy Services Company Profile

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Institutional Ownership by Quarter for Superior Energy Services (NYSE:SPN)

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