Shares of Superior Energy Services, Inc. (NYSE:SPN) have been assigned a consensus recommendation of “Hold” from the twenty-two brokerages that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $8.73.

A number of brokerages have commented on SPN. Zacks Investment Research cut shares of Superior Energy Services from a “hold” rating to a “sell” rating in a report on Friday, January 18th. Barclays set a $10.00 price objective on shares of Superior Energy Services and gave the stock a “hold” rating in a research note on Wednesday, October 24th. ValuEngine cut shares of Superior Energy Services from a “hold” rating to a “sell” rating in a research note on Wednesday, November 21st. Seaport Global Securities set a $10.00 price objective on shares of Superior Energy Services and gave the company a “buy” rating in a research report on Sunday, December 9th. Finally, Piper Jaffray Companies set a $9.00 price objective on shares of Superior Energy Services and gave the company a “buy” rating in a report on Tuesday, October 23rd.

Shares of NYSE SPN traded up $0.12 during midday trading on Friday, hitting $4.10. The stock had a trading volume of 24,690 shares, compared to its average volume of 3,084,617. The company has a market cap of $615.03 million, a PE ratio of -2.50 and a beta of 2.40. Superior Energy Services has a 52 week low of $2.87 and a 52 week high of $12.73. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.65 and a current ratio of 2.03.

In other Superior Energy Services news, Director Peter D. Kinnear purchased 30,000 shares of the stock in a transaction on Thursday, December 13th. The shares were purchased 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 directly owns 111,096 shares in the company, valued at $445,494.96. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brian K. Moore purchased 70,000 shares of the stock in a transaction on Thursday, December 13th. The shares were acquired at an average cost of $4.01 per share, for a total transaction of $280,700.00. Following the transaction, the insider now owns 398,074 shares of the company’s stock, valued at $1,596,276.74. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 130,000 shares of company stock worth $525,800. Corporate insiders own 3.81% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in SPN. BlackRock Inc. increased its position in Superior Energy Services by 34.2% during the fourth quarter. BlackRock Inc. now owns 24,180,395 shares of the oil and gas company’s stock worth $81,002,000 after buying an additional 6,165,927 shares during the last quarter. Prudential Financial Inc. increased its position in Superior Energy Services by 59.3% during the third quarter. Prudential Financial Inc. now owns 5,937,629 shares of the oil and gas company’s stock worth $57,832,000 after buying an additional 2,210,112 shares during the last quarter. Federated Investors Inc. PA increased its position in Superior Energy Services by 2,024.0% during the third quarter. Federated Investors Inc. PA now owns 1,587,896 shares of the oil and gas company’s stock worth $15,466,000 after buying an additional 1,513,136 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Superior Energy Services during the third quarter worth approximately $14,728,000. Finally, Senvest Management LLC increased its position in Superior Energy Services by 61.5% during the third quarter. Senvest Management LLC now owns 3,047,660 shares of the oil and gas company’s stock worth $29,684,000 after buying an additional 1,160,200 shares during the last quarter.

Superior Energy Services Company Profile

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.

Recommended Story: Understanding Options Trading

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.