Loews Corp continued to hold its stake in shares of Superior Energy Services, Inc. (NYSE:SPN) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,105 shares of the oil and gas company’s stock at the end of the second quarter. Loews Corp’s holdings in Superior Energy Services were worth $105,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Contrarius Investment Management Ltd bought a new stake in Superior Energy Services in the second quarter valued at $3,279,000. State of Tennessee Treasury Department lifted its stake in 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 valued at $2,139,000 after buying an additional 60,000 shares during the last quarter. Pzena Investment Management LLC lifted its stake in Superior Energy Services by 1.2% in the second quarter. Pzena Investment Management LLC now owns 3,998,348 shares of the oil and gas company’s stock valued at $41,703,000 after buying an additional 48,531 shares during the last quarter. Liberty Mutual Group Asset Management Inc. lifted its stake in 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 valued at $980,000 after buying an additional 1,192 shares during the last quarter. Finally, Virginia Retirement Systems ET AL lifted its stake in 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 valued at $400,000 after buying an additional 3,951 shares during the last quarter.

COPYRIGHT VIOLATION WARNING: “Loews Corp Has $105,000 Holdings in Superior Energy Services, Inc. (SPN)” was first posted by Daily Political and is owned by of Daily Political. If you are reading this news story on another website, it was illegally copied and reposted in violation of international copyright & trademark laws. The original version of this news story can be read at https://www.dailypolitical.com/2017/09/17/loews-corp-has-105000-holdings-in-superior-energy-services-inc-spn.html.

SPN has been the topic of a number of recent research reports. Loop Capital reiterated a “buy” rating on shares of Superior Energy Services in a research note on Monday, July 3rd. Piper Jaffray Companies set a $15.00 price objective on shares of Superior Energy Services and gave the company a “buy” rating in a research note on Tuesday, July 25th. Deutsche Bank AG restated a “buy” rating and set a $15.00 price objective (down from $22.00) on shares of Superior Energy Services in a research note on Thursday, July 27th. Scotiabank set a $22.00 price objective on shares of Superior Energy Services and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Morgan Stanley restated an “equal weight” rating and set a $14.00 price objective (down from $30.00) on shares of Superior Energy Services in a research note on Wednesday, June 21st. Three 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’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $16.33.

Shares of Superior Energy Services, Inc. (NYSE:SPN) traded down 0.99% during midday trading on Friday, hitting $10.02. The stock had a trading volume of 5,486,972 shares. The firm’s 50-day moving average is $9.20 and its 200 day moving average is $11.40. Superior Energy Services, Inc. has a one year low of $7.91 and a one year high of $19.39. The company’s market capitalization is $1.53 billion.

Superior Energy Services (NYSE:SPN) last posted its quarterly earnings data on Tuesday, July 25th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.48) by $0.07. The business 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%. Superior Energy Services’s quarterly revenue was up 31.9% on a year-over-year basis. During the same period last year, the company earned ($3.09) earnings per share. Equities analysts expect that Superior Energy Services, Inc. will post ($1.57) earnings per share for the current fiscal year.

About Superior Energy Services

Want to see what other hedge funds are holding SPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Superior Energy Services, Inc. (NYSE:SPN).

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

Receive News & Ratings for Superior Energy Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Energy Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.