Bank of America started coverage on shares of Superior Energy Services (NYSE:SPN) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage set a “neutral” rating on the oil and gas company’s stock.

Other equities analysts have also issued research reports about the company. Zacks Investment Research upgraded Superior Energy Services from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. SunTrust Banks restated a “buy” rating and set a $12.00 price objective on shares of Superior Energy Services in a research note on Friday, July 27th. Jefferies Financial Group restated a “hold” rating and set a $10.00 price objective on shares of Superior Energy Services in a research note on Thursday, July 26th. Capital One Financial restated an “overweight” rating on shares of Superior Energy Services in a research note on Wednesday, July 25th. Finally, ValuEngine upgraded Superior Energy Services from a “sell” rating to a “hold” rating in a research note on Friday, June 22nd. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.18.

Superior Energy Services stock opened at $9.02 on Wednesday. Superior Energy Services has a one year low of $7.66 and a one year high of $12.73. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.56 and a current ratio of 1.97. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of -5.68 and a beta of 2.12.

Superior Energy Services (NYSE:SPN) last posted its quarterly earnings data on Tuesday, July 24th. The oil and gas company reported ($0.16) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.06. Superior Energy Services had a negative return on equity of 16.43% and a negative net margin of 6.76%. The firm had revenue of $553.55 million for the quarter, compared to analyst estimates of $532.07 million. During the same quarter last year, the company earned ($0.41) EPS. The company’s revenue was up 17.8% on a year-over-year basis. Equities research analysts expect that Superior Energy Services will post -0.79 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Superior Energy Services by 2.6% in the 2nd quarter. BlackRock Inc. now owns 17,907,503 shares of the oil and gas company’s stock valued at $174,419,000 after purchasing an additional 461,372 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Superior Energy Services by 14.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 12,933,972 shares of the oil and gas company’s stock valued at $125,977,000 after acquiring an additional 1,648,465 shares in the last quarter. FMR LLC boosted its holdings in shares of Superior Energy Services by 25.3% during the 2nd quarter. FMR LLC now owns 3,536,332 shares of the oil and gas company’s stock valued at $34,444,000 after acquiring an additional 713,410 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Superior Energy Services by 128.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,430,284 shares of the oil and gas company’s stock valued at $23,671,000 after acquiring an additional 1,366,854 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Superior Energy Services by 0.6% during the 2nd quarter. Northern Trust Corp now owns 2,203,456 shares of the oil and gas company’s stock valued at $21,461,000 after acquiring an additional 13,811 shares in the last quarter.

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.

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Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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