Superior Energy Services (NYSE:SPN) had its price target trimmed by JPMorgan Chase & Co. from $12.00 to $10.00 in a report issued on Monday. The firm currently has a neutral rating on the oil and gas company’s stock.

A number of other analysts have also recently commented on SPN. ValuEngine upgraded shares of Superior Energy Services from a sell rating to a hold rating in a research note on Thursday, June 7th. Morgan Stanley cut shares of Superior Energy Services from an equal weight rating to an underweight rating in a research note on Thursday, July 12th. Zacks Investment Research cut shares of Superior Energy Services from a hold rating to a sell rating in a research note on Wednesday, July 18th. Credit Suisse Group dropped their price target on shares of Superior Energy Services from $12.00 to $10.00 and set an outperform rating on the stock in a research note on Thursday, July 26th. Finally, Jefferies Financial Group restated a hold rating and set a $10.00 price target on shares of Superior Energy Services in a research note on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $11.96.

Shares of SPN stock opened at $9.03 on Monday. The company has a market cap of $1.42 billion, a P/E ratio of -5.47 and a beta of 2.14. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.56 and a current ratio of 1.97. Superior Energy Services has a 12 month low of $7.66 and a 12 month high of $12.73.

Superior Energy Services (NYSE:SPN) last announced its quarterly earnings results on Tuesday, July 24th. The oil and gas company reported ($0.16) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.06. The company had revenue of $553.55 million for the quarter, compared to analysts’ expectations of $532.07 million. Superior Energy Services had a negative net margin of 6.76% and a negative return on equity of 16.43%. Superior Energy Services’s revenue was up 17.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.41) EPS. research analysts forecast that Superior Energy Services will post -0.78 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. NumerixS Investment Technologies Inc purchased a new stake in Superior Energy Services in the 2nd quarter worth approximately $109,000. Signition LP purchased a new stake in shares of Superior Energy Services during the 1st quarter valued at $120,000. Teza Capital Management LLC purchased a new stake in shares of Superior Energy Services during the 1st quarter valued at $146,000. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Superior Energy Services during the 1st quarter valued at $158,000. Finally, Element Capital Management LLC purchased a new stake in shares of Superior Energy Services during the 1st quarter valued at $161,000.

About Superior Energy Services

Superior Energy Services, Inc provides oilfield services and equipment to oil and natural gas exploration and production companies in the United States, the Gulf of Mexico, and internationally. The company operates in four segments: Drilling Products and Services, Onshore Completion and Workover Services, Production Services, and Technical Solutions.

Featured Story: Market Capitalization and Individual Investors

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.