Superior Energy Services (SPN) Upgraded at UBS Group

Superior Energy Services (NYSE:SPN) was upgraded by UBS Group from a “neutral” rating to a “positive” rating in a research report issued on Friday.

A number of other equities analysts have also recently issued reports on SPN. Piper Jaffray Companies restated a “buy” rating on shares of Superior Energy Services in a report on Tuesday, September 26th. Jefferies Group set a $13.00 price target on Superior Energy Services and gave the company a “hold” rating in a report on Thursday, October 5th. Cowen set a $14.00 price target on Superior Energy Services and gave the company a “buy” rating in a report on Friday, October 6th. Royal Bank of Canada set a $14.00 price target on Superior Energy Services and gave the company a “hold” rating in a report on Saturday, October 7th. Finally, Deutsche Bank assumed coverage on Superior Energy Services in a report on Tuesday, October 10th. They set a “buy” rating and a $15.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $12.50.

Superior Energy Services (SPN) opened at $10.87 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.99 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $1,621.15, a price-to-earnings ratio of -3.87 and a beta of 2.16. Superior Energy Services has a 1-year low of $7.66 and a 1-year high of $19.08.

Superior Energy Services (NYSE:SPN) last issued its earnings results on Monday, October 23rd. The oil and gas company reported ($0.33) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.32) by ($0.01). The company had revenue of $506.00 million during the quarter, compared to analyst estimates of $511.23 million. Superior Energy Services had a negative return on equity of 26.18% and a negative net margin of 24.59%. The business’s revenue was up 55.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.73) earnings per share. analysts anticipate that Superior Energy Services will post -1.63 earnings per share for the current fiscal year.

In other news, Director Peter D. Kinnear acquired 20,000 shares of Superior Energy Services stock in a transaction that occurred on Monday, October 30th. The stock was purchased at an average price of $8.52 per share, with a total value of $170,400.00. Following the completion of the transaction, the director now owns 64,607 shares in the company, valued at $550,451.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 2.91% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank boosted its position in Superior Energy Services by 0.8% during the second quarter. Comerica Bank now owns 130,803 shares of the oil and gas company’s stock valued at $1,366,000 after purchasing an additional 992 shares during the last quarter. Neuberger Berman Group LLC boosted its position in Superior Energy Services by 8.1% during the second quarter. Neuberger Berman Group LLC now owns 17,109 shares of the oil and gas company’s stock valued at $178,000 after purchasing an additional 1,289 shares during the last quarter. Broadview Advisors LLC boosted its position in Superior Energy Services by 0.6% during the second quarter. Broadview Advisors LLC now owns 266,924 shares of the oil and gas company’s stock valued at $2,784,000 after purchasing an additional 1,700 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in Superior Energy Services by 8.7% during the second quarter. Thrivent Financial For Lutherans now owns 30,970 shares of the oil and gas company’s stock valued at $323,000 after purchasing an additional 2,480 shares during the last quarter. Finally, AMG National Trust Bank boosted its position in Superior Energy Services by 8.4% during the second quarter. AMG National Trust Bank now owns 46,195 shares of the oil and gas company’s stock valued at $482,000 after purchasing an additional 3,576 shares during the last quarter.

COPYRIGHT VIOLATION WARNING: “Superior Energy Services (SPN) Upgraded at UBS Group” was published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright law. The original version of this news story can be viewed at https://www.chaffeybreeze.com/2018/01/05/superior-energy-services-spn-upgraded-at-ubs-group.html.

Superior Energy Services Company Profile

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.

Latest News

Leave a Reply