Superior Energy Services, Inc. (NYSE:SPN) Director James M. Funk purchased 5,000 shares of Superior Energy Services stock in a transaction dated Thursday, November 1st. The stock was bought at an average price of $7.98 per share, with a total value of $39,900.00. Following the acquisition, the director now directly owns 16,961 shares of the company’s stock, valued at $135,348.78. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of SPN opened at $8.10 on Friday. Superior Energy Services, Inc. has a 12 month low of $7.28 and a 12 month high of $12.73. The company has a current ratio of 2.03, a quick ratio of 1.65 and a debt-to-equity ratio of 1.24.
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 Thomson Reuters’ consensus estimate of ($0.12) by ($0.02). Superior Energy Services had a negative return on equity of 14.06% and a negative net margin of 4.76%. The business had revenue of $573.07 million for the quarter, compared to analyst estimates of $563.47 million. During the same quarter in the previous year, the company posted ($0.33) EPS. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, equities research analysts expect that Superior Energy Services, Inc. will post -0.9 EPS for the current year.
SPN has been the subject of several research analyst reports. ValuEngine cut shares of Superior Energy Services from a “hold” rating to a “sell” rating in a report on Tuesday, September 4th. Cleveland Research cut shares of Superior Energy Services from a “buy” rating to a “neutral” rating in a report on Thursday, October 18th. Morgan Stanley cut shares of Superior Energy Services from an “equal weight” rating to an “underweight” rating in a report on Thursday, July 12th. JPMorgan Chase & Co. reduced their price target on shares of Superior Energy Services from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, September 17th. Finally, Zacks Investment Research cut shares of Superior Energy Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 18th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $11.76.
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.
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