GeoSphere Capital Management bought a new position in shares of Superior Energy Services, Inc. (NYSE:SPN) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 140,000 shares of the oil and gas company’s stock, valued at approximately $1,497,000. Superior Energy Services accounts for approximately 3.9% of GeoSphere Capital Management’s holdings, making the stock its 13th largest position. GeoSphere Capital Management owned approximately 0.09% of Superior Energy Services as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Aperio Group LLC raised its holdings in shares of Superior Energy Services by 81.9% in the second quarter. Aperio Group LLC now owns 88,862 shares of the oil and gas company’s stock valued at $927,000 after purchasing an additional 39,997 shares during the last quarter. NGAM Advisors L.P. raised its holdings in shares of Superior Energy Services by 44.8% in the second quarter. NGAM Advisors L.P. now owns 62,819 shares of the oil and gas company’s stock valued at $655,000 after purchasing an additional 19,427 shares during the last quarter. World Asset Management Inc raised its holdings in shares of Superior Energy Services by 0.3% in the second quarter. World Asset Management Inc now owns 11,665 shares of the oil and gas company’s stock valued at $122,000 after purchasing an additional 34 shares during the last quarter. Texas Permanent School Fund raised its holdings in shares of Superior Energy Services by 0.8% in the second quarter. Texas Permanent School Fund now owns 111,583 shares of the oil and gas company’s stock valued at $1,164,000 after purchasing an additional 931 shares during the last quarter. Finally, Retirement Systems of Alabama raised its holdings in shares of Superior Energy Services by 19.7% in the second quarter. Retirement Systems of Alabama now owns 496,725 shares of the oil and gas company’s stock valued at $5,181,000 after purchasing an additional 81,718 shares during the last quarter.

Superior Energy Services, Inc. (SPN) traded down $0.26 during mid-day trading on Thursday, reaching $9.00. 2,304,400 shares of the company’s stock were exchanged, compared to its average volume of 3,962,081. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.99 and a quick ratio of 1.64. Superior Energy Services, Inc. has a 1 year low of $7.66 and a 1 year high of $19.08.

Superior Energy Services (NYSE:SPN) last released its quarterly earnings data on Monday, October 23rd. The oil and gas company reported ($0.33) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.32) by ($0.01). Superior Energy Services had a negative return on equity of 26.18% and a negative net margin of 24.59%. The company had revenue of $506.00 million for the quarter, compared to the consensus estimate of $511.23 million. During the same period last year, the firm earned ($0.73) earnings per share. The company’s revenue for the quarter was up 55.1% compared to the same quarter last year. sell-side analysts anticipate that Superior Energy Services, Inc. will post -1.64 earnings per share for the current fiscal year.

In related news, Director Peter D. Kinnear acquired 20,000 shares of Superior Energy Services stock in a transaction on Monday, October 30th. The stock was purchased at an average cost of $8.52 per share, with a total value of $170,400.00. Following the completion of the transaction, the director now directly owns 64,607 shares in the company, valued at approximately $550,451.64. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.91% of the company’s stock.

A number of analysts have recently issued reports on SPN shares. Loop Capital set a $13.00 price objective on shares of Superior Energy Services and gave the company a “buy” rating in a report on Wednesday, October 25th. They noted that the move was a valuation call. Piper Jaffray Companies set a $12.00 target price on shares of Superior Energy Services and gave the stock a “buy” rating in a report on Wednesday, August 16th. Cowen set a $14.00 target price on shares of Superior Energy Services and gave the stock a “buy” rating in a report on Friday, October 6th. Deutsche Bank began coverage on shares of Superior Energy Services in a report on Tuesday, October 10th. They set a “buy” rating and a $15.00 target price on the stock. Finally, Scotiabank restated a “buy” rating on shares of Superior Energy Services in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $13.00.

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Superior Energy Services Profile

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

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