Equities analysts expect Superior Energy Services, Inc. (NYSE:SPN) to report $520.08 million in sales for the current quarter, according to Zacks. Seven analysts have made estimates for Superior Energy Services’ earnings. The lowest sales estimate is $511.01 million and the highest is $528.10 million. Superior Energy Services reported sales of $326.23 million in the same quarter last year, which would suggest a positive year over year growth rate of 59.4%. The firm is scheduled to issue its next quarterly earnings results on Monday, October 23rd.

According to Zacks, analysts expect that Superior Energy Services will report full-year sales of $520.08 million for the current year, with estimates ranging from $1.90 billion to $1.98 billion. For the next year, analysts expect that the firm will post sales of $2.36 billion per share, with estimates ranging from $2.09 billion to $2.75 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Superior Energy Services.

Superior Energy Services (NYSE:SPN) last announced its quarterly earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) EPS for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.07. The company had revenue of $470.07 million during the quarter, compared to analysts’ expectations of $465.75 million. Superior Energy Services had a negative return on equity of 28.82% and a negative net margin of 31.24%. Superior Energy Services’s revenue was up 31.9% on a year-over-year basis. During the same period in the prior year, the business posted ($3.09) EPS.

A number of equities research analysts have weighed in on SPN shares. Jefferies Group LLC reiterated a “hold” rating and issued a $19.00 target price on shares of Superior Energy Services in a report on Tuesday, April 25th. Nomura set a $13.00 price objective on Superior Energy Services and gave the company a “hold” rating in a report on Thursday, April 27th. Instinet restated a “neutral” rating and set a $13.00 price objective (down previously from $15.00) on shares of Superior Energy Services in a report on Saturday, April 29th. Barclays PLC restated a “buy” rating and set a $18.00 price objective on shares of Superior Energy Services in a report on Friday, April 28th. Finally, Deutsche Bank AG decreased their price objective on Superior Energy Services from $26.00 to $22.00 and set a “buy” rating for the company in a report on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $16.50.

Shares of Superior Energy Services (NYSE SPN) opened at 9.07 on Friday. The company’s market capitalization is $1.39 billion. The stock has a 50 day moving average price of $10.41 and a 200-day moving average price of $12.88. Superior Energy Services has a 52 week low of $8.90 and a 52 week high of $19.39.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted 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 worth $334,036,000 after buying an additional 23,199,606 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Superior Energy Services by 221.9% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 4,285,600 shares of the oil and gas company’s stock worth $44,699,000 after buying an additional 2,954,100 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Superior Energy Services by 33.9% in the second quarter. Dimensional Fund Advisors LP now owns 8,272,972 shares of the oil and gas company’s stock worth $86,287,000 after buying an additional 2,095,988 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Superior Energy Services by 20.7% in the second quarter. Victory Capital Management Inc. now owns 11,290,645 shares of the oil and gas company’s stock worth $117,761,000 after buying an additional 1,933,360 shares in the last quarter. Finally, Anchor Capital Advisors LLC purchased a new position in shares of Superior Energy Services during the first quarter worth approximately $16,380,000.

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