BidaskClub upgraded shares of Superior Energy Services, Inc. (NYSE:SPN) from a sell rating to a hold rating in a report issued on Tuesday morning.

A number of other analysts have also weighed in on the company. Jefferies Group LLC reissued a hold rating and set a $14.00 price objective on shares of Superior Energy Services in a research note on Friday, July 14th. Barclays PLC lowered Superior Energy Services from an overweight rating to an equal weight rating and dropped their price objective for the company from $18.00 to $11.00 in a research note on Wednesday, July 12th. Loop Capital reissued a buy rating on shares of Superior Energy Services in a research note on Monday, July 3rd. Guggenheim lowered Superior Energy Services from a buy rating to a neutral rating in a research note on Tuesday, June 27th. Finally, Royal Bank Of Canada set a $20.00 price objective on Superior Energy Services and gave the company a hold rating in a research note on Saturday, June 24th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the stock. Superior Energy Services currently has an average rating of Hold and an average price target of $17.63.

Superior Energy Services (NYSE SPN) traded down 6.60% on Tuesday, reaching $10.47. 1,792,925 shares of the company’s stock traded hands. Superior Energy Services has a 12 month low of $8.99 and a 12 month high of $19.39. The firm’s market cap is $1.60 billion. The firm’s 50-day moving average is $10.43 and its 200 day moving average is $13.72.

Superior Energy Services (NYSE:SPN) last released its quarterly earnings data on Tuesday, April 25th. The oil and gas company reported ($0.59) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.02. The firm had revenue of $400.94 million during the quarter, compared to analyst estimates 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 business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.49) earnings per share. Equities analysts predict that Superior Energy Services will post ($1.70) EPS for the current year.

WARNING: “Superior Energy Services, Inc. (NYSE:SPN) Upgraded to Hold at BidaskClub” was originally published by Daily Political and is the property of of Daily Political. If you are reading this story on another domain, it was copied illegally and republished in violation of US & international trademark & copyright laws. The legal version of this story can be read at https://www.dailypolitical.com/2017/07/21/superior-energy-services-inc-nysespn-upgraded-to-hold-at-bidaskclub.html.

In related news, insider David D. Dunlap purchased 45,000 shares of Superior Energy Services stock in a transaction dated Friday, April 28th. The stock was purchased at an average cost of $12.26 per share, for a total transaction of $551,700.00. Following the completion of the acquisition, the insider now directly owns 530,657 shares of the company’s stock, valued at $6,505,854.82. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 2.91% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of 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 valued at $334,036,000 after buying an additional 23,199,606 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Superior Energy Services by 4.7% in the first quarter. Vanguard Group Inc. now owns 12,565,360 shares of the oil and gas company’s stock valued at $179,182,000 after buying an additional 559,398 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Superior Energy Services by 8.6% in the first quarter. Victory Capital Management Inc. now owns 9,357,285 shares of the oil and gas company’s stock valued at $133,435,000 after buying an additional 740,857 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 valued at $88,080,000 after buying an additional 207,182 shares during the last quarter. Finally, State Street Corp increased its position in shares of Superior Energy Services by 1.4% in the first quarter. State Street Corp now owns 4,530,797 shares of the oil and gas company’s stock valued at $64,610,000 after buying an additional 61,293 shares during the last quarter.

About Superior Energy Services

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

Receive News & Ratings for Superior Energy Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Energy Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.