Superior Energy Services, Inc. (NYSE:SPN)’s share price was up 7.7% during trading on Tuesday . The stock traded as high as $9.08 and last traded at $9.00. Approximately 2,875,505 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 4,371,400 shares. The stock had previously closed at $8.36.

Several equities analysts have commented on SPN shares. Jefferies Group LLC set a $14.00 price target on shares of Superior Energy Services and gave the company a “hold” rating in a research report on Tuesday, June 6th. BidaskClub raised shares of Superior Energy Services from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Morgan Stanley reissued an “equal weight” rating and issued a $14.00 price target (down previously from $30.00) on shares of Superior Energy Services in a research report on Wednesday, June 21st. Seaport Global Securities cut shares of Superior Energy Services from a “buy” rating to a “neutral” rating and decreased their price target for the company from $13.00 to $10.00 in a research report on Wednesday, June 21st. Finally, Royal Bank Of Canada set a $20.00 price target on shares of Superior Energy Services and gave the company a “hold” rating in a research report on Saturday, June 24th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $16.33.

The company’s market capitalization is $1.42 billion. The firm’s 50 day moving average price is $9.50 and its 200 day moving average price is $11.68.

Superior Energy Services (NYSE:SPN) last announced its quarterly earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.07. The firm had revenue of $470.07 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted ($3.09) EPS. Equities analysts predict that Superior Energy Services, Inc. will post ($1.57) EPS for the current year.

A number of institutional investors have recently made changes to their positions in SPN. Capstone Asset Management Co. increased its holdings in Superior Energy Services by 4.4% in the 1st quarter. Capstone Asset Management Co. now owns 13,266 shares of the oil and gas company’s stock valued at $189,000 after buying an additional 560 shares during the period. Louisiana State Employees Retirement System increased its holdings in Superior Energy Services by 2.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 38,600 shares of the oil and gas company’s stock valued at $550,000 after buying an additional 1,100 shares during the period. Nationwide Fund Advisors increased its holdings in Superior Energy Services by 2.7% in the 1st quarter. Nationwide Fund Advisors now owns 282,717 shares of the oil and gas company’s stock valued at $4,032,000 after buying an additional 7,338 shares during the period. Janney Montgomery Scott LLC bought a new stake in Superior Energy Services in the 1st quarter valued at $972,000. Finally, Oregon Public Employees Retirement Fund increased its holdings in Superior Energy Services by 1.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 53,114 shares of the oil and gas company’s stock valued at $757,000 after buying an additional 700 shares during the period.

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About Superior Energy Services

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