Superior Energy Services, Inc. (NYSE:SPN) to Release Earnings on Tuesday
Superior Energy Services, Inc. (NYSE:SPN) is scheduled to release its earnings data after the market closes on Tuesday, July 25th. Analysts expect Superior Energy Services to post earnings of ($0.49) per share for the quarter.
Superior Energy Services (NYSE:SPN) last posted its quarterly earnings data on Tuesday, April 25th. The oil and gas company reported ($0.59) EPS for the quarter, beating the consensus estimate of ($0.61) by $0.02. The business had revenue of $400.94 million for the quarter, compared to analysts’ expectations of $388.26 million. Superior Energy Services had a negative net margin of 62.02% and a negative return on equity of 27.75%. The firm’s revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.49) EPS. On average, analysts expect Superior Energy Services to post $-1.72 EPS for the current fiscal year and $-0.63 EPS for the next fiscal year.
Shares of Superior Energy Services, Inc. (NYSE SPN) opened at 10.64 on Monday. The company has a 50-day moving average of $10.43 and a 200 day moving average of $13.72. 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 $1.63 billion.
In related news, insider David D. Dunlap acquired 45,000 shares of the stock in a transaction on Friday, April 28th. The shares were acquired at an average price of $12.26 per share, with a total value of $551,700.00. Following the completion of the transaction, the insider now owns 530,657 shares in the company, valued at approximately $6,505,854.82. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.91% of the company’s stock.
SPN has been the subject of a number of research reports. Morgan Stanley cut shares of Superior Energy Services from an “overweight” rating to an “equal weight” rating in a report on Wednesday, June 21st. Royal Bank Of Canada set a $20.00 price target on shares of Superior Energy Services and gave the stock a “hold” rating in a report on Saturday, June 24th. Jefferies Group LLC restated a “hold” rating and issued a $14.00 price target on shares of Superior Energy Services in a report on Friday, July 14th. BidaskClub upgraded shares of Superior Energy Services from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Barclays PLC restated a “buy” rating and issued a $18.00 price target on shares of Superior Energy Services in a report on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $17.63.
About Superior Energy Services
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