Shares of Superior Energy Services, Inc. (NYSE:SPN) shot up 7.7% during trading on Tuesday . The company traded as high as $9.08 and last traded at $9.00. 2,875,505 shares traded hands during trading, a decline of 34% from the average session volume of 4,371,400 shares. The stock had previously closed at $8.36.

SPN has been the topic of a number of research analyst reports. ValuEngine lowered Superior Energy Services from a “sell” rating to a “strong sell” rating in a research note on Friday. Piper Jaffray Companies set a $12.00 price target on Superior Energy Services and gave the stock a “buy” rating in a research note on Wednesday, August 16th. BidaskClub lowered Superior Energy Services from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Jefferies Group LLC set a $13.00 price target on Superior Energy Services and gave the stock a “hold” rating in a research note on Saturday, July 29th. Finally, Scotiabank set a $22.00 price target on Superior Energy Services and gave the stock a “buy” rating in a research note on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $16.33.

The company has a 50-day moving average of $9.60 and a 200-day moving average of $11.75. The company’s market cap is $1.38 billion.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Tennessee Treasury Department boosted its stake in shares of Superior Energy Services by 66.7% during the 1st quarter. State of Tennessee Treasury Department now owns 150,000 shares of the oil and gas company’s stock worth $2,139,000 after acquiring an additional 60,000 shares in the last quarter. Liberty Mutual Group Asset Management Inc. boosted its stake in shares of Superior Energy Services by 1.8% during the 1st quarter. Liberty Mutual Group Asset Management Inc. now owns 68,737 shares of the oil and gas company’s stock worth $980,000 after acquiring an additional 1,192 shares in the last quarter. Virginia Retirement Systems ET AL boosted its stake in shares of Superior Energy Services by 16.4% during the 1st quarter. Virginia Retirement Systems ET AL now owns 28,051 shares of the oil and gas company’s stock worth $400,000 after acquiring an additional 3,951 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Superior Energy Services by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 12,565,360 shares of the oil and gas company’s stock worth $179,182,000 after acquiring an additional 559,398 shares in the last quarter. Finally, Pzena Investment Management LLC boosted its stake in shares of Superior Energy Services by 1.2% during the 2nd quarter. Pzena Investment Management LLC now owns 3,998,348 shares of the oil and gas company’s stock worth $41,703,000 after acquiring an additional 48,531 shares in the last quarter.

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Superior Energy Services Company Profile

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