Cowen set a $14.00 target price on Superior Energy Services (NYSE:SPN) in a research report sent to investors on Thursday morning. The brokerage currently has a buy rating on the oil and gas company’s stock.

A number of other equities analysts have also recently issued reports on the stock. Scotiabank cut shares of Superior Energy Services to a hold rating in a research note on Thursday. Stephens assumed coverage on shares of Superior Energy Services in a research note on Tuesday, January 9th. They issued an equal weight rating and a $12.00 price target on the stock. Zacks Investment Research cut shares of Superior Energy Services from a buy rating to a hold rating in a research note on Saturday, January 6th. Susquehanna Bancshares upgraded shares of Superior Energy Services from a neutral rating to a positive rating and upped their price target for the stock from $9.00 to $15.00 in a research note on Friday, January 5th. Finally, UBS Group upgraded shares of Superior Energy Services from a neutral rating to a positive rating in a research note on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $12.72.

Superior Energy Services (NYSE SPN) traded up $0.26 during trading hours on Thursday, hitting $11.31. 5,007,867 shares of the stock were exchanged, compared to its average volume of 4,231,378. The stock has a market cap of $1,731.37, a P/E ratio of -4.02 and a beta of 2.16. The company has a quick ratio of 1.64, a current ratio of 1.99 and a debt-to-equity ratio of 1.15. Superior Energy Services has a 12-month low of $7.66 and a 12-month high of $18.81.

Superior Energy Services (NYSE:SPN) last announced its quarterly earnings results on Monday, October 23rd. The oil and gas company reported ($0.33) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.32) by ($0.01). The firm had revenue of $506.00 million during 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 business’s revenue for the quarter was up 55.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.73) EPS. analysts expect that Superior Energy Services will post -1.64 EPS for the current fiscal year.

In other Superior Energy Services news, Director Peter D. Kinnear acquired 20,000 shares of the stock in a transaction dated Monday, October 30th. The shares were purchased at an average price of $8.52 per share, for a total transaction of $170,400.00. Following 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 SEC, which is available at this link. 3.49% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Comerica Bank lifted its stake in shares of Superior Energy Services by 0.8% in the 2nd quarter. Comerica Bank now owns 130,803 shares of the oil and gas company’s stock worth $1,366,000 after purchasing an additional 992 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of Superior Energy Services by 8.1% in the 2nd quarter. Neuberger Berman Group LLC now owns 17,109 shares of the oil and gas company’s stock worth $178,000 after purchasing an additional 1,289 shares during the period. Broadview Advisors LLC lifted its stake in shares of Superior Energy Services by 0.6% in the 2nd quarter. Broadview Advisors LLC now owns 266,924 shares of the oil and gas company’s stock worth $2,784,000 after purchasing an additional 1,700 shares during the period. Thrivent Financial For Lutherans lifted its stake in shares of Superior Energy Services by 8.7% in the 2nd quarter. Thrivent Financial For Lutherans now owns 30,970 shares of the oil and gas company’s stock worth $323,000 after purchasing an additional 2,480 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of Superior Energy Services by 21.6% in 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 period.

ILLEGAL ACTIVITY NOTICE: “Superior Energy Services (SPN) Given a $14.00 Price Target at Cowen” was originally reported by Daily Political and is the property of of Daily Political. If you are reading this article on another website, it was copied illegally and republished in violation of U.S. and international copyright legislation. The original version of this article can be accessed at https://www.dailypolitical.com/2018/01/15/superior-energy-services-spn-given-a-14-00-price-target-at-cowen.html.

About Superior Energy Services

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

Receive News & Ratings for Superior Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.