Superior Energy Services, Inc. (SPN) Shares Bought by Liberty Mutual Group Asset Management Inc.

Liberty Mutual Group Asset Management Inc. raised its position in shares of Superior Energy Services, Inc. (NYSE:SPN) by 1.8% during the first quarter, Holdings Channel reports. The institutional investor owned 68,737 shares of the oil and gas company’s stock after buying an additional 1,192 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in Superior Energy Services were worth $980,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in SPN. Thrivent Financial for Lutherans increased its position in shares of Superior Energy Services by 4.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 49,940 shares of the oil and gas company’s stock worth $843,000 after buying an additional 1,940 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of Superior Energy Services by 22.9% in the fourth quarter. Guggenheim Capital LLC now owns 191,310 shares of the oil and gas company’s stock worth $3,230,000 after buying an additional 35,646 shares in the last quarter. First Republic Investment Management Inc. increased its position in shares of Superior Energy Services by 14.5% in the fourth quarter. First Republic Investment Management Inc. now owns 17,238 shares of the oil and gas company’s stock worth $291,000 after buying an additional 2,189 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Superior Energy Services by 32.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 42,259 shares of the oil and gas company’s stock worth $711,000 after buying an additional 10,276 shares in the last quarter. Finally, Tyers Asset Management LLC acquired a new position in shares of Superior Energy Services during the fourth quarter worth approximately $106,000.

Shares of Superior Energy Services, Inc. (NYSE:SPN) opened at 9.78 on Tuesday. The stock’s market capitalization is $1.49 billion. The company’s 50 day moving average price is $10.97 and its 200 day moving average price is $14.74. Superior Energy Services, Inc. has a 52-week low of $9.57 and a 52-week high of $19.80.

Superior Energy Services (NYSE:SPN) last announced its earnings results on Tuesday, April 25th. The oil and gas company reported ($0.59) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.61) by $0.02. The company had revenue of $400.94 million for the quarter, compared to analyst estimates of $388.26 million. Superior Energy Services had a negative return on equity of 27.75% and a negative net margin of 62.02%. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.49) EPS. On average, equities research analysts anticipate that Superior Energy Services, Inc. will post ($1.73) EPS for the current year.

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A number of equities analysts recently commented on the company. Barclays PLC restated a “buy” rating and set a $19.00 target price on shares of Superior Energy Services in a report on Wednesday, March 1st. Royal Bank Of Canada reiterated a “hold” rating and issued a $20.00 price objective on shares of Superior Energy Services in a report on Monday, April 3rd. Scotiabank set a $22.00 price objective on Superior Energy Services and gave the stock a “buy” rating in a report on Saturday, April 1st. BMO Capital Markets reiterated a “market perform” rating and issued a $16.00 price objective on shares of Superior Energy Services in a report on Wednesday, April 12th. Finally, Tudor Pickering started coverage on Superior Energy Services in a report on Thursday, March 23rd. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $18.10.

In other news, insider David D. Dunlap acquired 45,000 shares of the business’s stock in a transaction dated Friday, April 28th. The shares were acquired at an average cost of $12.26 per share, with a total value of $551,700.00. Following the completion of the acquisition, the insider now owns 530,657 shares of the company’s stock, valued at $6,505,854.82. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.91% of the stock is currently owned by corporate insiders.

About Superior Energy Services

Want to see what other hedge funds are holding SPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Superior Energy Services, Inc. (NYSE:SPN).

Institutional Ownership by Quarter for Superior Energy Services (NYSE:SPN)

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