Brokerages Set Superior Energy Services, Inc. (SPN) PT at $19.83

Superior Energy Services, Inc. (NYSE:SPN) has earned a consensus recommendation of “Buy” from the twenty-four ratings firms that are covering the firm. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $20.00.

Several research analysts recently commented on SPN shares. Jefferies Group LLC reiterated a “hold” rating and issued a $19.00 target price on shares of Superior Energy Services in a report on Wednesday, March 22nd. Credit Suisse Group AG upgraded shares of Superior Energy Services from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $15.00 to $21.00 in a report on Wednesday, January 4th. Barclays PLC restated a “buy” rating and set a $19.00 price objective on shares of Superior Energy Services in a report on Wednesday, March 1st. Goldman Sachs Group Inc restated a “neutral” rating and set a $16.00 price objective on shares of Superior Energy Services in a report on Wednesday, December 28th. Finally, Zacks Investment Research downgraded shares of Superior Energy Services from a “hold” rating to a “sell” rating in a report on Tuesday, December 27th.

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Shares of Superior Energy Services (NYSE:SPN) traded down 0.86% during midday trading on Monday, hitting $12.61. The stock had a trading volume of 1,557,459 shares. Superior Energy Services has a 12-month low of $12.48 and a 12-month high of $19.83. The stock has a 50-day moving average price of $14.29 and a 200-day moving average price of $16.36. The stock’s market cap is $1.93 billion.

Superior Energy Services (NYSE:SPN) last announced its earnings results on Tuesday, February 21st. The oil and gas company reported ($0.74) EPS for the quarter, topping the consensus estimate of ($0.77) by $0.03. The firm had revenue of $354.40 million for the quarter, compared to the consensus estimate of $339.08 million. Superior Energy Services had a negative net margin of 55.65% and a negative return on equity of 17.51%. Equities analysts forecast that Superior Energy Services will post ($1.75) earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in SPN. Bbva Compass Bancshares Inc. raised its position in Superior Energy Services by 1.4% in the third quarter. Bbva Compass Bancshares Inc. now owns 12,180 shares of the oil and gas company’s stock worth $218,000 after buying an additional 169 shares during the period. First Citizens Bank & Trust Co. raised its position in Superior Energy Services by 1.7% in the third quarter. First Citizens Bank & Trust Co. now owns 16,091 shares of the oil and gas company’s stock worth $288,000 after buying an additional 276 shares during the period. State Treasurer State of Michigan raised its position in Superior Energy Services by 0.5% in the third quarter. State Treasurer State of Michigan now owns 61,100 shares of the oil and gas company’s stock worth $1,094,000 after buying an additional 300 shares during the period. Alambic Investment Management L.P. raised its position in Superior Energy Services by 1.1% in the third quarter. Alambic Investment Management L.P. now owns 38,400 shares of the oil and gas company’s stock worth $687,000 after buying an additional 400 shares during the period. Finally, Neuberger Berman Group LLC raised its position in Superior Energy Services by 3.3% in the third quarter. Neuberger Berman Group LLC now owns 14,043 shares of the oil and gas company’s stock worth $251,000 after buying an additional 446 shares during the period.

Superior Energy Services Company Profile

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