Superior Energy Services, Inc. (NYSE:SPN)‘s stock had its “hold” rating reissued by equities research analysts at BMO Capital Markets in a research report issued to clients and investors on Friday. They currently have a $10.00 price target on the oil and gas company’s stock. BMO Capital Markets’ price target would indicate a potential downside of 1.67% from the company’s current price.

A number of other research firms have also issued reports 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 company a “buy” rating in a research report on Thursday, July 27th. Barclays PLC set a $12.00 price objective on Superior Energy Services and gave the company a “hold” rating in a research report on Wednesday, July 26th. Finally, Piper Jaffray Companies set a $15.00 price objective on Superior Energy Services and gave the company a “buy” rating in a research report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $15.83.

Shares of Superior Energy Services (SPN) opened at 10.17 on Friday. Superior Energy Services has a 1-year low of $7.91 and a 1-year high of $19.39. The stock’s market cap is $1.56 billion. The stock’s 50 day moving average price is $9.89 and its 200 day moving average price is $10.79.

Superior Energy Services (NYSE:SPN) last released 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. Superior Energy Services had a negative return on equity of 28.82% and a negative net margin of 31.24%. The business had revenue of $470.07 million during the quarter, compared to analyst estimates of $465.75 million. During the same quarter in the previous year, the firm posted ($3.09) EPS. The business’s revenue for the quarter was up 31.9% compared to the same quarter last year. On average, equities research analysts anticipate that Superior Energy Services will post ($1.59) EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC boosted its stake in shares of Superior Energy Services by 1.7% during the 2nd quarter. Lord Abbett & CO. LLC now owns 408,500 shares of the oil and gas company’s stock worth $4,261,000 after acquiring an additional 6,800 shares in the last quarter. Phocas Financial Corp. lifted its position in shares of Superior Energy Services by 4.7% during the 2nd quarter. Phocas Financial Corp. now owns 594,698 shares of the oil and gas company’s stock worth $6,203,000 after purchasing an additional 26,550 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Superior Energy Services by 29.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 58,421 shares of the oil and gas company’s stock worth $609,000 after purchasing an additional 13,369 shares during the last quarter. Nomura Holdings Inc. acquired a new position in shares of Superior Energy Services during the 2nd quarter worth about $116,000. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of Superior Energy Services by 21.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 25,878 shares of the oil and gas company’s stock worth $270,000 after purchasing an additional 4,598 shares during the last quarter.

About Superior Energy Services

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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