Canada Pension Plan Investment Board boosted its position in Superior Energy Services, Inc. (NYSE:SPN) by 7.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 216,700 shares of the oil and gas company’s stock after acquiring an additional 14,300 shares during the quarter. Canada Pension Plan Investment Board owned 0.14% of Superior Energy Services worth $2,314,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Suntrust Banks Inc. bought a new position in Superior Energy Services in the second quarter valued at approximately $108,000. Washington Trust Bank increased its stake in Superior Energy Services by 10.1% in the second quarter. Washington Trust Bank now owns 10,800 shares of the oil and gas company’s stock valued at $113,000 after acquiring an additional 990 shares during the last quarter. Nomura Holdings Inc. bought a new position in Superior Energy Services in the second quarter valued at approximately $116,000. Oakbrook Investments LLC bought a new position in Superior Energy Services in the second quarter valued at approximately $118,000. Finally, Endurance Wealth Management Inc. increased its stake in Superior Energy Services by 4.9% in the second quarter. Endurance Wealth Management Inc. now owns 11,565 shares of the oil and gas company’s stock valued at $121,000 after acquiring an additional 539 shares during the last quarter.

A number of brokerages recently issued reports on SPN. Deutsche Bank AG began coverage on shares of Superior Energy Services in a research note on Tuesday, October 10th. They issued a “buy” rating and a $15.00 price objective on the stock. Barclays PLC set a $10.00 target price on shares of Superior Energy Services and gave the company a “hold” rating in a research report on Wednesday, October 25th. Cowen and Company set a $12.00 target price on shares of Superior Energy Services and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Wells Fargo & Company lowered shares of Superior Energy Services from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. Finally, Scotiabank restated a “buy” rating on shares of Superior Energy Services in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company’s stock. Superior Energy Services presently has a consensus rating of “Hold” and a consensus target price of $13.82.

Superior Energy Services, Inc. (NYSE SPN) opened at $8.95 on Friday. Superior Energy Services, Inc. has a fifty-two week low of $7.66 and a fifty-two week 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 announced its earnings results on Monday, October 23rd. The oil and gas company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.01). Superior Energy Services had a negative return on equity of 20.14% and a negative net margin of 11.30%. The firm had revenue of $506.00 million for the quarter, compared to the consensus estimate of $511.23 million. During the same period in the prior year, the business earned ($0.73) EPS. Superior Energy Services’s quarterly revenue was up 55.1% on a year-over-year basis. equities research analysts forecast that Superior Energy Services, Inc. will post -1.63 earnings per share for the current year.

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

Superior Energy Services Company Profile

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

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