Superior Energy Services (SPN) was Upgraded by Citigroup to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Citigroup advised their investors in a research report released on May 3, 2016.
Many Wall Street Analysts have commented on Superior Energy Services. Company shares were Reiterated by Imperial Capital on May 3, 2016 to “In-line”, Firm has raised the Price Target to $ 15 from a previous price target of $10 .Company shares were Reiterated by Cowen on May 3, 2016 to “Outperform”, Firm has raised the Price Target to $ 20 from a previous price target of $17 .Company shares were Reiterated by Barclays on May 2, 2016 to “Overweight”, Firm has raised the Price Target to $ 20 from a previous price target of $18 .
On the company’s financial health, Superior Energy Services reported $-0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $-0.60. The company had revenue of $413.10 million for the quarter, compared to analysts expectations of $448.45 million. The company’s revenue was down -55.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.01 EPS.
Superior Energy Services opened for trading at $16.88 and hit $17.205 on the upside on Monday, eventually ending the session at $16.89, with a gain of 0.18% or 0.03 points. The heightened volatility saw the trading volume jump to 39,52,111 shares. Company has a market cap of $2,557 M.
In a different news, on Feb 27, 2015, A Patrick Bernard (Senior Executive Vice Pres.) sold 37,500 shares at $22.09 per share price. According to the SEC, on Feb 27, 2015, Lynton G Iii Cook (Executive Vice President) sold 28,029 shares at $22.18 per share price. On Feb 25, 2015, Danny R Young (Executive Vice President) sold 37,500 shares at $21.38 per share price, according to the Form-4 filing with the securities and exchange commission.
Superior Energy Services Inc. is engaged in exploration development and production of oil and natural gas. The Company serves national and independent oil and natural gas companies around the world. Its segments include Drilling Products and Services Onshore Completion and Workover Services Production Services and Technical Solutions. The Drilling Products and Services segment includes downhole drilling tools and surface rentals. The Onshore Completion and Workover Services segment includes pressure pumping fluid handling and workover and maintenance services. The Production Services segment includes intervention services and specialized pressure-control tools used for pressure control and intervention operations. The Technical Solutions segment includes products and services that address customer-specific needs with their applications for specialized engineering manufacturing or project planning.