Superior Energy Services, Inc. (NYSE:SPN)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $6.67 and last traded at $6.60, with a volume of 1931150 shares trading hands. The stock had previously closed at $7.31.
Several equities analysts have commented on the company. Barclays set a $10.00 target price on Superior Energy Services and gave the company a “hold” rating in a research report on Wednesday, October 24th. Jefferies Financial Group reiterated a “hold” rating and issued a $10.00 target price on shares of Superior Energy Services in a research report on Thursday, July 26th. Cleveland Research downgraded Superior Energy Services from a “buy” rating to a “neutral” rating in a research report on Thursday, October 18th. ValuEngine downgraded Superior Energy Services from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Piper Jaffray Companies set a $9.00 target price on Superior Energy Services and gave the company a “buy” rating in a research report on Tuesday, October 23rd. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $11.76.
The company has a debt-to-equity ratio of 1.24, a current ratio of 2.03 and a quick ratio of 1.65. The stock has a market capitalization of $1.02 billion, a PE ratio of -3.98 and a beta of 2.15.
Superior Energy Services (NYSE:SPN) last issued its quarterly earnings data on Monday, October 22nd. The oil and gas company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $573.07 million for the quarter, compared to the consensus estimate of $563.47 million. During the same quarter last year, the business earned ($0.33) earnings per share. Superior Energy Services’s revenue was up 13.2% compared to the same quarter last year. On average, equities analysts forecast that Superior Energy Services, Inc. will post -0.9 EPS for the current fiscal year.
In other Superior Energy Services news, Director James M. Funk bought 5,000 shares of the stock in a transaction on Thursday, November 1st. The stock was acquired at an average cost of $7.98 per share, for a total transaction of $39,900.00. Following the completion of the acquisition, the director now owns 16,961 shares in the company, valued at approximately $135,348.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Westervelt T. Ballard, Jr. bought 4,000 shares of the stock in a transaction on Wednesday, October 24th. The stock was acquired at an average price of $7.68 per share, with a total value of $30,720.00. Following the completion of the acquisition, the chief financial officer now owns 88,004 shares of the company’s stock, valued at approximately $675,870.72. The disclosure for this purchase can be found here. 3.81% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the business. NumerixS Investment Technologies Inc bought a new stake in Superior Energy Services in the second quarter worth approximately $109,000. First Hawaiian Bank bought a new stake in Superior Energy Services in the third quarter worth approximately $156,000. PNC Financial Services Group Inc. increased its holdings in Superior Energy Services by 96.2% in the third quarter. PNC Financial Services Group Inc. now owns 16,005 shares of the oil and gas company’s stock worth $156,000 after purchasing an additional 7,848 shares in the last quarter. Verition Fund Management LLC bought a new stake in Superior Energy Services in the third quarter worth approximately $159,000. Finally, Engineers Gate Manager LP bought a new stake in Superior Energy Services in the third quarter worth approximately $195,000.
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Superior Energy Services Company Profile (NYSE:SPN)
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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