Today Superior Energy Services, Inc. (SPN) Stock Rises

May 19, 2017 - By Migdalia James

The stock of Superior Energy Services, Inc. (NYSE:SPN) is a huge mover today! About 2.85M shares traded. Superior Energy Services, Inc. (NYSE:SPN) has risen 6.00% since April 19, 2017 and is uptrending. It has by 0.00% the S&P500.
The move comes after 7 months positive chart setup for the $1.82B company. It was reported on May, 19 by Barchart.com. We have $12.66 PT which if reached, will make NYSE:SPN worth $127.40 million more.

Analysts await Superior Energy Services, Inc. (NYSE:SPN) to report earnings on July, 24. They expect $-0.48 earnings per share, up 9.43 % or $0.05 from last year’s $-0.53 per share. After $-0.59 actual earnings per share reported by Superior Energy Services, Inc. for the previous quarter, Wall Street now forecasts -18.64 % EPS growth.

Superior Energy Services, Inc. (NYSE:SPN) Ratings Coverage

Among 27 analysts covering Superior Energy Services (NYSE:SPN), 14 have Buy rating, 1 Sell and 12 Hold. Therefore 52% are positive. Superior Energy Services had 80 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Sector Perform” rating given on Friday, September 18 by RBC Capital Markets. The stock of Superior Energy Services, Inc. (NYSE:SPN) earned “Neutral” rating by Credit Suisse on Wednesday, June 1. The firm earned “Hold” rating on Wednesday, April 26 by Jefferies. The stock of Superior Energy Services, Inc. (NYSE:SPN) has “Outperform” rating given on Monday, December 21 by Credit Suisse. The company was maintained on Wednesday, February 24 by Howard Weil. The rating was downgraded by Citigroup to “Neutral” on Friday, March 18. Morgan Stanley maintained Superior Energy Services, Inc. (NYSE:SPN) rating on Tuesday, April 19. Morgan Stanley has “Overweight” rating and $20 target. The company was downgraded on Friday, April 15 by JP Morgan. The firm has “Overweight” rating given on Tuesday, May 3 by Morgan Stanley. On Monday, November 2 the stock rating was maintained by JP Morgan with “Overweight”.

Investors sentiment increased to 1 in 2016 Q4. Its up 0.03, from 0.97 in 2016Q3. It increased, as 42 investors sold Superior Energy Services, Inc. shares while 91 reduced holdings. 46 funds opened positions while 87 raised stakes. 165.05 million shares or 1.64% more from 162.38 million shares in 2016Q3 were reported.
Blackrock holds 225,208 shares. Moreover, South Dakota Council has 0.07% invested in Superior Energy Services, Inc. (NYSE:SPN). Keeley Asset Mngmt stated it has 38,395 shares or 0.03% of all its holdings. Texas Permanent School Fund reported 0.02% in Superior Energy Services, Inc. (NYSE:SPN). Endurance Wealth Management Incorporated accumulated 0.03% or 10,914 shares. Mutual Of America Capital Ltd Liability Company invested in 0.04% or 121,558 shares. Moreover, Retirement Sys Of Alabama has 0.02% invested in Superior Energy Services, Inc. (NYSE:SPN). Winfield Assoc holds 0% in Superior Energy Services, Inc. (NYSE:SPN) or 50 shares. First Republic Investment Mngmt has 0% invested in Superior Energy Services, Inc. (NYSE:SPN) for 17,238 shares. Comerica Bancorp accumulated 123,398 shares. Pub Employees Retirement Association Of Colorado reported 0% of its portfolio in Superior Energy Services, Inc. (NYSE:SPN). Phocas Finance reported 269,047 shares. Gru One Trading Lp invested in 4,132 shares or 0% of the stock. Nikko Asset Mgmt Americas holds 879,492 shares or 1.19% of its portfolio. Liberty Mutual Asset Management Incorporated has 67,545 shares.

More important recent Superior Energy Services, Inc. (NYSE:SPN) news were published by: Gurufocus.com which released: “Covalent Partners LLC Buys Energy XXI Gulf Coast Inc, Superior Energy Services …” on May 15, 2017, also Finance.Yahoo.com published article titled: “Superior Energy Services Announces First Quarter 2017 Results”, Prnewswire.com published: “Oil & Gas Stocks Under Scanner — TechnipFMC, Superior Energy Services …” on April 27, 2017. More interesting news about Superior Energy Services, Inc. (NYSE:SPN) was released by: Gurufocus.com and their article: “Keeley Funds Comments on Superior Energy Services” with publication date: April 27, 2017.

Superior Energy Services, Inc. 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 has market cap of $1.82 billion.

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