Cowen and Company set a $14.00 price objective on Superior Energy Services, Inc. (NYSE:SPN) in a research note released on Friday morning. The brokerage currently has a buy rating on the oil and gas company’s stock.

Several other brokerages have also recently issued reports on SPN. Piper Jaffray Companies set a $15.00 target price on shares of Superior Energy Services and gave the company a buy rating in a report on Tuesday, July 25th. Morgan Stanley cut shares of Superior Energy Services from an overweight rating to an equal weight rating in a report on Wednesday, June 21st. Royal Bank Of Canada set a $20.00 target price on shares of Superior Energy Services and gave the company a hold rating in a report on Saturday, June 24th. Barclays PLC set a $12.00 target price on shares of Superior Energy Services and gave the company a hold rating in a report on Wednesday, July 26th. Finally, BidaskClub cut shares of Superior Energy Services from a hold rating to a sell rating in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company. Superior Energy Services currently has an average rating of Hold and an average target price of $16.11.

Superior Energy Services (SPN) opened at 10.02 on Friday. The stock’s market cap is $1.53 billion. The firm has a 50 day moving average of $9.57 and a 200-day moving average of $10.92. Superior Energy Services has a 12-month low of $7.91 and a 12-month high of $19.39.

Superior Energy Services (NYSE:SPN) last posted its quarterly earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.48) by $0.07. Superior Energy Services had a negative net margin of 31.24% and a negative return on equity of 28.82%. The company had revenue of $470.07 million during the quarter, compared to analysts’ expectations of $465.75 million. During the same quarter in the previous year, the business posted ($3.09) EPS. The firm’s revenue was up 31.9% on a year-over-year basis. On average, analysts expect that Superior Energy Services will post ($1.58) earnings per share for the current year.

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A number of institutional investors have recently made changes to their positions in SPN. BlackRock Inc. raised its position in Superior Energy Services by 10,301.4% during the 1st 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 during the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in Superior Energy Services by 221.9% during the 2nd 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 during the last quarter. Balyasny Asset Management LLC raised its position in Superior Energy Services by 535.0% during the 2nd quarter. Balyasny Asset Management LLC now owns 3,008,663 shares of the oil and gas company’s stock worth $31,380,000 after buying an additional 2,534,833 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Superior Energy Services by 33.9% during the 2nd 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 during the last quarter. Finally, Victory Capital Management Inc. raised its position in Superior Energy Services by 20.7% during the 2nd 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 during the last quarter.

About Superior Energy Services

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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