Superior Energy Services, Inc. (SPN) Earns Hold Rating from Analysts at Tudor Pickering

Tudor Pickering assumed coverage on shares of Superior Energy Services, Inc. (NYSE:SPN) in a report released on Thursday morning. The brokerage issued a hold rating on the stock.

A number of other analysts have also weighed in on SPN. Gabelli assumed coverage on shares of Superior Energy Services in a report on Tuesday, December 13th. They set a buy rating and a $27.00 target price for the company. Jefferies Group LLC reiterated a hold rating and set a $19.00 target price on shares of Superior Energy Services in a report on Wednesday, March 22nd. Barclays PLC reiterated a buy rating and set a $19.00 target price on shares of Superior Energy Services in a report on Wednesday, March 1st. Zacks Investment Research lowered shares of Superior Energy Services from a hold rating to a sell rating in a report on Tuesday, January 3rd. Finally, Goldman Sachs Group Inc reiterated a neutral rating and set a $16.00 target price on shares of Superior Energy Services in a report on Wednesday, December 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $19.29.

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

Shares of Superior Energy Services (NYSE:SPN) opened at 13.09 on Thursday. The firm’s 50-day moving average price is $15.76 and its 200-day moving average price is $16.55. The company’s market capitalization is $2.00 billion. Superior Energy Services has a one year low of $12.25 and a one year high of $19.83.

Superior Energy Services (NYSE:SPN) last posted its earnings results on Tuesday, February 21st. The company reported ($0.74) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.77) by $0.03. The company earned $354.40 million during the quarter, compared to analyst estimates of $339.08 million. Superior Energy Services had a negative net margin of 55.65% and a negative return on equity of 17.51%. Analysts anticipate that Superior Energy Services will post ($1.73) earnings per share for the current year.

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Several institutional investors have recently made changes to their positions in SPN. Tyers Asset Management LLC acquired a new position in shares of Superior Energy Services during the fourth quarter worth $106,000. IndexIQ Advisors LLC increased its stake in shares of Superior Energy Services by 6.1% in the third quarter. IndexIQ Advisors LLC now owns 6,201 shares of the company’s stock valued at $111,000 after buying an additional 355 shares during the period. Flinton Capital Management LLC purchased a new stake in shares of Superior Energy Services during the fourth quarter valued at $135,000. LS Investment Advisors LLC increased its stake in shares of Superior Energy Services by 5.7% in the third quarter. LS Investment Advisors LLC now owns 9,614 shares of the company’s stock valued at $172,000 after buying an additional 519 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Superior Energy Services during the third quarter valued at $181,000.

About Superior Energy Services

5 Day Chart for NYSE:SPN

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