Endurance Wealth Management Inc. boosted its position in Superior Energy Services, Inc. (NYSE:SPN) by 4.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,565 shares of the oil and gas company’s stock after buying an additional 539 shares during the period. Endurance Wealth Management Inc.’s holdings in Superior Energy Services were worth $121,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SPN. State of Tennessee Treasury Department raised its stake in shares of Superior Energy Services by 66.7% in the first quarter. State of Tennessee Treasury Department now owns 150,000 shares of the oil and gas company’s stock worth $2,139,000 after buying an additional 60,000 shares during the period. Liberty Mutual Group Asset Management Inc. raised its stake in shares of 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. Virginia Retirement Systems ET AL raised its stake in shares of Superior Energy Services by 16.4% in the first quarter. Virginia Retirement Systems ET AL now owns 28,051 shares of the oil and gas company’s stock worth $400,000 after buying an additional 3,951 shares during the period. Legal & General Group Plc raised its stake in shares of Superior Energy Services by 24.2% in the first quarter. Legal & General Group Plc now owns 283,722 shares of the oil and gas company’s stock worth $4,040,000 after buying an additional 55,350 shares during the period. Finally, GMT Capital Corp raised its stake in shares of 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.

Superior Energy Services, Inc. (SPN) opened at 9.74 on Wednesday. The company’s 50-day moving average is $10.49 and its 200-day moving average is $13.18. Superior Energy Services, Inc. has a 12 month low of $8.99 and a 12 month high of $19.39. The stock’s market capitalization is $1.49 billion.

Superior Energy Services (NYSE:SPN) last posted its quarterly earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.48) by $0.07. The firm had revenue of $470.07 million for the quarter, compared to analysts’ expectations of $465.75 million. Superior Energy Services had a negative net margin of 31.24% and a negative return on equity of 28.82%. The business’s revenue for the quarter was up 31.9% on a year-over-year basis. During the same period in the prior year, the business posted ($3.09) earnings per share. Equities research analysts forecast that Superior Energy Services, Inc. will post ($1.57) EPS for the current year.

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A number of equities research analysts have issued reports on SPN shares. Deutsche Bank AG reissued a “buy” rating and issued a $15.00 price target (down previously from $22.00) on shares of Superior Energy Services in a report on Thursday, July 27th. Barclays PLC set a $12.00 price target on shares of Superior Energy Services and gave the stock a “hold” rating in a report on Wednesday, July 26th. Instinet reissued a “neutral” rating and issued a $13.00 price target (down previously from $15.00) on shares of Superior Energy Services in a report on Saturday, April 29th. Scotiabank set a $22.00 price target on shares of Superior Energy Services and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, BidaskClub raised shares of Superior Energy Services from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.50.

About Superior Energy Services

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

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