Superior Energy Services, Inc. (NYSE:SPN) – Investment analysts at Capital One Financial cut their FY2019 earnings estimates for shares of Superior Energy Services in a report issued on Monday, January 6th. Capital One Financial analyst L. Lemoine now expects that the oil and gas company will post earnings per share of ($10.73) for the year, down from their prior forecast of ($10.70). Capital One Financial also issued estimates for Superior Energy Services’ Q4 2019 earnings at ($2.49) EPS, Q1 2020 earnings at ($2.54) EPS, Q2 2020 earnings at ($0.24) EPS, Q4 2020 earnings at $0.05 EPS and FY2020 earnings at ($2.73) EPS.
Other research analysts have also recently issued research reports about the company. Wells Fargo & Co lowered their target price on Superior Energy Services from $3.00 to $1.00 and set a “market perform” rating for the company in a research note on Thursday, September 12th. Zacks Investment Research cut Superior Energy Services from a “hold” rating to a “sell” rating in a research note on Wednesday, September 25th. Finally, ValuEngine upgraded Superior Energy Services from a “hold” rating to a “buy” rating in a research note on Friday, January 3rd. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. Superior Energy Services presently has an average rating of “Hold” and a consensus price target of $3.31.
SPN opened at $5.44 on Wednesday. The stock has a market cap of $82.97 million, a PE ratio of -0.60 and a beta of 2.97. The company has a quick ratio of 2.05, a current ratio of 2.46 and a debt-to-equity ratio of 9.52. The business has a 50 day moving average of $1.68 and a 200-day moving average of $0.81. Superior Energy Services has a 52 week low of $4.25 and a 52 week high of $6.04.
Large investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd purchased a new position in Superior Energy Services during the second quarter valued at $32,000. Alberta Investment Management Corp bought a new stake in shares of Superior Energy Services in the 2nd quarter worth $39,000. Alambic Investment Management L.P. bought a new stake in shares of Superior Energy Services in the 2nd quarter worth $41,000. Jefferies Group LLC bought a new stake in shares of Superior Energy Services in the 2nd quarter worth $65,000. Finally, Commonwealth Bank of Australia increased its holdings in shares of Superior Energy Services by 104.5% in the 2nd quarter. Commonwealth Bank of Australia now owns 95,300 shares of the oil and gas company’s stock worth $123,000 after purchasing an additional 48,700 shares in the last quarter. Institutional investors and hedge funds own 88.21% of the company’s stock.
In related news, CFO Westervelt T. Ballard, Jr. acquired 20,000 shares of the stock in a transaction on Monday, December 23rd. The stock was acquired at an average price of $4.87 per share, for a total transaction of $97,400.00. 4.02% of the stock is currently owned by insiders.
About Superior Energy Services
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.