Superior Energy Services, Inc. (NYSE:SPN) gapped up before the market opened on Wednesday . The stock had previously closed at $9.35, but opened at $9.00. Superior Energy Services shares last traded at $9.19, with a volume of 1,407,814 shares traded.

A number of brokerages recently weighed in on SPN. Seaport Global Securities restated a “neutral” rating on shares of Superior Energy Services in a research report on Wednesday, July 26th. Deutsche Bank AG restated a “buy” rating and set a $15.00 price objective (down previously from $22.00) on shares of Superior Energy Services in a research report on Thursday, July 27th. Scotiabank set a $22.00 price objective on Superior Energy Services and gave the stock a “buy” rating in a research report on Thursday, July 27th. Jefferies Group LLC set a $14.00 price objective on Superior Energy Services and gave the stock a “hold” rating in a research report on Tuesday, June 6th. Finally, Piper Jaffray Companies set a $15.00 price objective on Superior Energy Services and gave the stock a “buy” rating in a research report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the stock. Superior Energy Services currently has a consensus rating of “Hold” and an average target price of $16.33.

The stock’s 50-day moving average price is $9.43 and its 200 day moving average price is $11.66. The firm’s market cap is $1.45 billion.

Superior Energy Services (NYSE:SPN) last announced its quarterly earnings data on Tuesday, July 25th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, beating 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 return on equity of 28.82% and a negative net margin of 31.24%. The company’s revenue for the quarter was up 31.9% compared to the same quarter last year. During the same period last year, the firm earned ($3.09) earnings per share. On average, analysts predict that Superior Energy Services, Inc. will post ($1.57) earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of SPN. Capstone Asset Management Co. grew its stake in shares of Superior Energy Services by 4.4% in the first quarter. Capstone Asset Management Co. now owns 13,266 shares of the oil and gas company’s stock worth $189,000 after purchasing an additional 560 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Superior Energy Services by 2.9% in the first quarter. Louisiana State Employees Retirement System now owns 38,600 shares of the oil and gas company’s stock worth $550,000 after purchasing an additional 1,100 shares during the last quarter. Nationwide Fund Advisors grew its stake in shares of Superior Energy Services by 2.7% in the first quarter. Nationwide Fund Advisors now owns 282,717 shares of the oil and gas company’s stock worth $4,032,000 after purchasing an additional 7,338 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Superior Energy Services by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 53,114 shares of the oil and gas company’s stock worth $757,000 after purchasing an additional 700 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of Superior Energy Services by 26.7% in the first quarter. Canada Pension Plan Investment Board now owns 179,100 shares of the oil and gas company’s stock worth $2,554,000 after purchasing an additional 37,700 shares during the last quarter.

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About Superior Energy Services