Susquehanna Bancshares cut shares of Superior Energy Services (NYSE:SPN) from a positive rating to a neutral rating in a research report report published on Wednesday, Briefing.com Automated Import reports. Susquehanna Bancshares currently has $1.50 price target on the oil and gas company’s stock, down from their prior price target of $7.00.
A number of other research analysts have also commented on SPN. JPMorgan Chase & Co. initiated coverage on INTL CONS AIRL/S in a report on Tuesday, June 4th. They set an overweight rating on the stock. Zacks Investment Research lowered EXACT Sciences from a hold rating to a sell rating in a report on Tuesday, July 2nd. Raymond James set a $8.00 price target on Superior Energy Services and gave the company a buy rating in a report on Wednesday, April 17th. Citigroup reissued a buy rating and set a $25.00 price target on shares of Propetro in a report on Tuesday, July 2nd. Finally, Jefferies Financial Group raised their price target on Broadcom from $314.00 to $341.00 and gave the company a buy rating in a report on Friday, March 15th. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company. Superior Energy Services presently has an average rating of Hold and a consensus target price of $6.26.
SPN stock opened at $1.17 on Wednesday. The company has a debt-to-equity ratio of 5.18, a current ratio of 2.12 and a quick ratio of 1.76. The company has a market capitalization of $182.47 million, a PE ratio of -1.30 and a beta of 2.31. Superior Energy Services has a 1 year low of $1.13 and a 1 year high of $11.14. The company has a fifty day moving average of $1.48.
Superior Energy Services (NYSE:SPN) last issued its quarterly earnings results on Tuesday, April 23rd. The oil and gas company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.07). The business had revenue of $467.20 million for the quarter, compared to analyst estimates of $495.35 million. Superior Energy Services had a negative net margin of 40.00% and a negative return on equity of 19.11%. Superior Energy Services’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period last year, the business posted ($0.34) earnings per share. Analysts predict that Superior Energy Services will post -0.86 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc increased its stake in Superior Energy Services by 1,609.3% in the 1st quarter. Versant Capital Management Inc now owns 6,427 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 6,051 shares in the last quarter. CIBC Asset Management Inc purchased a new position in Superior Energy Services in the 4th quarter worth about $67,000. Teza Capital Management LLC purchased a new position in Superior Energy Services in the 1st quarter worth about $68,000. CWM Advisors LLC increased its stake in Superior Energy Services by 116.8% in the 4th quarter. CWM Advisors LLC now owns 24,818 shares of the oil and gas company’s stock worth $83,000 after purchasing an additional 13,371 shares in the last quarter. Finally, Magnus Financial Group LLC purchased a new position in Superior Energy Services in the 4th quarter worth about $94,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.
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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