Superior Energy Services, Inc. (NYSE:SPN) Director Peter D. Kinnear bought 30,000 shares of the firm’s stock in a transaction dated Thursday, December 13th. The shares were acquired at an average price of $4.01 per share, with a total value of $120,300.00. Following the completion of the transaction, the director now owns 111,096 shares of the company’s stock, valued at approximately $445,494.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Superior Energy Services stock opened at $3.82 on Friday. The company has a quick ratio of 1.65, a current ratio of 2.03 and a debt-to-equity ratio of 1.24. Superior Energy Services, Inc. has a one year low of $3.70 and a one year high of $12.73.

Superior Energy Services (NYSE:SPN) last announced its earnings results on Monday, October 22nd. The oil and gas company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.02). The firm had revenue of $573.07 million during the quarter, compared to the consensus estimate of $563.47 million. Superior Energy Services had a negative return on equity of 14.06% and a negative net margin of 4.76%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.33) earnings per share. Equities analysts predict that Superior Energy Services, Inc. will post -0.91 EPS for the current year.

Several analysts recently weighed in on the company. ValuEngine downgraded Superior Energy Services from a “hold” rating to a “sell” rating in a report on Wednesday, November 21st. Bank of America downgraded Superior Energy Services from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $5.45 to $5.00 in a report on Monday, December 3rd. Cleveland Research downgraded Superior Energy Services from a “buy” rating to a “neutral” rating in a report on Thursday, October 18th. Seaport Global Securities set a $10.00 price objective on Superior Energy Services and gave the company a “buy” rating in a report on Sunday, December 9th. Finally, JPMorgan Chase & Co. decreased their price objective on Superior Energy Services from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, September 17th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the company. Superior Energy Services has an average rating of “Hold” and a consensus price target of $11.17.

Institutional investors have recently made changes to their positions in the business. Capital Fund Management S.A. raised its holdings in Superior Energy Services by 2,659.0% in the second quarter. Capital Fund Management S.A. now owns 430,400 shares of the oil and gas company’s stock worth $4,192,000 after purchasing an additional 414,800 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Superior Energy Services in the second quarter worth about $405,000. Trexquant Investment LP raised its holdings in Superior Energy Services by 535.2% in the third quarter. Trexquant Investment LP now owns 120,980 shares of the oil and gas company’s stock worth $1,178,000 after purchasing an additional 101,934 shares in the last quarter. Energy Opportunities Capital Management LLC raised its holdings in Superior Energy Services by 24.1% in the second quarter. Energy Opportunities Capital Management LLC now owns 528,767 shares of the oil and gas company’s stock worth $5,150,000 after purchasing an additional 102,685 shares in the last quarter. Finally, United Services Automobile Association raised its holdings in Superior Energy Services by 1,319.3% in the second quarter. United Services Automobile Association now owns 326,304 shares of the oil and gas company’s stock worth $14,906,000 after purchasing an additional 303,313 shares in the last quarter.

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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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