The stock of Superior Energy Services, Inc. (NYSE:SPN) is a huge mover today! About 1.55M shares traded hands. Superior Energy Services, Inc. (NYSE:SPN) has risen 39.97% since March 16, 2016 and is uptrending. It has outperformed by 34.43% the S&P500.
The move comes after 5 months positive chart setup for the $2.96 billion company. It was reported on Oct, 19 by Barchart.com. We have $26.89 PT which if reached, will make NYSE:SPN worth $1.21B more.
Analysts await Superior Energy Services, Inc. (NYSE:SPN) to report earnings on October, 26. They expect $-0.55 earnings per share, down 19.57% or $0.09 from last year’s $-0.46 per share. After $-0.53 actual earnings per share reported by Superior Energy Services, Inc. for the previous quarter, Wall Street now forecasts 3.77% negative EPS growth.
Superior Energy Services, Inc. (NYSE:SPN) Ratings Coverage
Out of 20 analysts covering Superior Energy Services (NYSE:SPN), 14 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 70% are positive. Superior Energy Services has been the topic of 65 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock of Superior Energy Services, Inc. (NYSE:SPN) has “Outperform” rating given on Monday, August 3 by Oppenheimer. As per Wednesday, June 8, the company rating was maintained by Deutsche Bank. The company was upgraded on Wednesday, July 27 by Capital One. The firm earned “Focus Stock” rating on Monday, August 3 by Howard Weil. The rating was maintained by Citigroup on Friday, August 14 with “Neutral”. Imperial Capital maintained Superior Energy Services, Inc. (NYSE:SPN) rating on Friday, October 30. Imperial Capital has “Outperform” rating and $18 price target. Citigroup maintained Superior Energy Services, Inc. (NYSE:SPN) on Monday, October 5 with “Neutral” rating. The firm has “Outperform” rating by Oppenheimer given on Thursday, October 1. The stock of Superior Energy Services, Inc. (NYSE:SPN) has “Overweight” rating given on Monday, November 2 by JP Morgan. Macquarie Research initiated the stock with “Neutral” rating in Friday, July 15 report.
According to Zacks Investment Research, “SUPERIOR ENERGY SERVICES, INC. is engaged in the business of providing offshore plugging and abandonment and wireline services in the Gulf of Mexico, the development, manufacture and sale of electronic torque and pressure control equipment and thread protectors which are used in connection with oil and gas exploration, the development, manufacture and sale of oil spill containment boom and ancillary equipment and the rental of specialized oil well equipment and fishing tools.”
Insitutional Activity: The institutional sentiment decreased to 1.09 in Q2 2016. Its down 0.10, from 1.19 in 2016Q1. The ratio fall, as 35 funds sold all Superior Energy Services, Inc. shares owned while 101 reduced positions. 47 funds bought stakes while 101 increased positions. They now own 155.01 million shares or 0.59% more from 154.10 million shares in 2016Q1.
Thrivent For Lutherans, a Minnesota-based fund reported 81,650 shares. Tci Wealth Advisors Inc has 0% invested in the company for 71 shares. Assetmark has invested 0% of its portfolio in Superior Energy Services, Inc. (NYSE:SPN). Ig Mngmt owns 3,244 shares or 0% of their US portfolio. Blackrock Incorporated has 0.01% invested in the company for 403,614 shares. Moreover, Fmr has 0.02% invested in Superior Energy Services, Inc. (NYSE:SPN) for 7.02 million shares. Ajo L P, a Pennsylvania-based fund reported 260,159 shares. Jupiter Asset Mgmt, a United Kingdom-based fund reported 242,761 shares. Globeflex Cap Lp has 15,219 shares for 0.08% of their US portfolio. Jacobs Levy Equity has 0.04% invested in the company for 116,198 shares. Alpha Windward Ltd Liability Co accumulated 27,293 shares or 0.36% of the stock. Tiaa Cref Inv Mgmt Limited Co, a New York-based fund reported 2.18M shares. Canada Pension Plan Investment Board holds 184,695 shares or 0.01% of its portfolio. Neuberger Berman Llc last reported 13,597 shares in the company. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Management Corp, a Alberta – Canada-based fund reported 134,915 shares.
Another recent and important Superior Energy Services, Inc. (NYSE:SPN) news was published by Prnewswire.com which published an article titled: “Superior Energy Services Announces 2016 Third Quarter Earnings Release And …” on September 26, 2016.
SPN Company Profile
Superior Energy Services, Inc., incorporated on April 26, 1991, provides a range of services and products to the energy industry related to the exploration, development and production of oil and natural gas. The Company’s divisions include Drilling Products and Services; Onshore Completion and Workover Services; Production Services, and Technical Solutions. The Drilling Products and Services segment rents and sells bottom hole assemblies, drill pipe, tubulars and specialized equipment for use with onshore and offshore gas and oil well drilling, completion, production and workover activities. It also provides on-site accommodations and machining services. The Onshore Completion and Workover Services segment provides pressure pumping services used to complete and stimulate production in new gas and oil wells, fluid handling services and well servicing rigs that provide a range of well completion, workover and maintenance services. The Production Services segment provides intervention services, such as coiled tubing, cased hole and mechanical wireline, hydraulic workover and snubbing, production testing and optimization, and remedial pumping services. The Technical Solutions segment provides services typically requiring specialized engineering, manufacturing or project planning, including well containment systems, stimulation and sand control services and well plug and abandonment services. It also includes production handling arrangements and the production and sale of gas and oil.
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