Superior Energy Services, Inc. (NYSE:SPN) has been assigned an average recommendation of “Hold” from the twenty-two analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $13.62.

Several brokerages have issued reports on SPN. Deutsche Bank AG began coverage on shares of Superior Energy Services in a report on Tuesday, October 10th. They issued a “buy” rating and a $15.00 target price for the company. Barclays PLC set a $10.00 target price on shares of Superior Energy Services and gave the stock a “hold” rating in a report on Wednesday, October 25th. Cowen and Company set a $12.00 target price on shares of Superior Energy Services and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Wells Fargo & Company cut shares of Superior Energy Services from an “outperform” rating to a “market perform” rating in a report on Monday, October 16th. Finally, Scotiabank reaffirmed a “buy” rating on shares of Superior Energy Services in a report on Friday, October 27th.

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Superior Energy Services (SPN) traded up $0.01 during trading hours on Thursday, reaching $8.32. 4,739,600 shares of the company traded hands, compared to its average volume of 4,081,933. Superior Energy Services has a 1-year low of $7.66 and a 1-year high of $19.28. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.64 and a current ratio of 1.99.

Superior Energy Services (NYSE:SPN) last posted its quarterly earnings data on Monday, October 23rd. The oil and gas company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.01). The business had revenue of $506.00 million for the quarter, compared to the consensus estimate of $511.23 million. Superior Energy Services had a negative return on equity of 26.18% and a negative net margin of 24.59%. The company’s revenue was up 55.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.73) EPS. research analysts anticipate that Superior Energy Services will post -1.63 EPS for the current fiscal year.

In other Superior Energy Services news, Director Peter D. Kinnear bought 20,000 shares of Superior Energy Services stock in a transaction on Monday, October 30th. The stock was acquired at an average cost of $8.52 per share, with a total value of $170,400.00. Following the completion of the acquisition, the director now owns 64,607 shares in the company, valued at $550,451.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.91% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Contrarius Investment Management Ltd bought a new position in shares of Superior Energy Services in the second quarter worth approximately $3,279,000. Shell Asset Management Co. bought a new position in shares of Superior Energy Services in the third quarter worth approximately $3,317,000. Pzena Investment Management LLC boosted its position in shares of 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 worth $41,703,000 after purchasing an additional 48,531 shares during the period. Mitchell Group Inc. boosted its position in shares of Superior Energy Services by 17.7% in the second quarter. Mitchell Group Inc. now owns 2,534,080 shares of the oil and gas company’s stock worth $26,430,000 after purchasing an additional 381,150 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Superior Energy Services by 14.6% in the second quarter. Rhumbline Advisers now owns 322,557 shares of the oil and gas company’s stock worth $3,364,000 after purchasing an additional 41,064 shares during the period.

About Superior Energy Services

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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