Superior Energy Services (NYSE:SPN) posted its earnings results on Monday. The oil and gas company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02), RTT News reports. Superior Energy Services had a negative net margin of 6.76% and a negative return on equity of 16.43%. The firm had revenue of $573.07 million during the quarter, compared to the consensus estimate of $563.47 million. During the same period in the prior year, the company posted ($0.33) EPS. The firm’s revenue was up 13.2% compared to the same quarter last year.
SPN traded down $0.35 during midday trading on Monday, reaching $8.71. The company had a trading volume of 1,952,312 shares, compared to its average volume of 3,107,427. The company has a quick ratio of 1.56, a current ratio of 1.97 and a debt-to-equity ratio of 1.22. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of -5.28 and a beta of 2.12. Superior Energy Services has a 1 year low of $7.66 and a 1 year high of $12.73.
A number of research analysts have weighed in on the company. Jefferies Financial Group reissued a “hold” rating and issued a $10.00 target price on shares of Superior Energy Services in a report on Thursday, July 26th. Cleveland Research downgraded Superior Energy Services from a “buy” rating to a “neutral” rating in a report on Thursday. SunTrust Banks reissued a “buy” rating and issued a $12.00 target price on shares of Superior Energy Services in a report on Friday, July 27th. ValuEngine downgraded Superior Energy Services from a “hold” rating to a “sell” rating in a report on Tuesday, September 4th. Finally, Zacks Investment Research raised Superior Energy Services from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $12.18.
Superior Energy Services Company Profile
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.
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