November 29, 2016 - By Winifred Garcia · 0 Comments
Superior Energy Services Inc (NYSE:SPN) institutional sentiment decreased to 0.97 in 2016 Q2. Its down -0.12, from 1.09 in 2016Q1. The ratio worsened, as 148 active investment managers increased or opened new equity positions, while 136 trimmed and sold stock positions in Superior Energy Services Inc. The active investment managers in our partner’s database now hold: 155.01 million shares, up from 154.10 million shares in 2016Q1. Also, the number of active investment managers holding Superior Energy Services Inc in their top 10 equity positions was flat from 2 to 2 for the same number . Sold All: 35 Reduced: 101 Increased: 101 New Position: 47.
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 a market cap of $2.18 billion.
The stock closed at $15.08 during the last session. It is down 2.71% since April 26, 2016 and is downtrending. It has underperformed by 7.97% the S&P500.
Analysts await Superior Energy Services, Inc. (NYSE:SPN) to report earnings on February, 27. They expect $-0.72 EPS, down 75.61% or $0.31 from last year’s $-0.41 per share. After $-0.73 actual EPS reported by Superior Energy Services, Inc. for the previous quarter, Wall Street now forecasts -1.37% EPS growth.
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.”
Energy Opportunities Capital Management Llc holds 6.07% of its portfolio in Superior Energy Services, Inc. for 1.09 million shares. Viking Fund Management Llc owns 1.38 million shares or 4.4% of their US portfolio. Moreover, Geosphere Capital Management has 3.64% invested in the company for 200,000 shares. The Texas-based Mitchell Group Inc has invested 2.32% in the stock. Encompass Capital Advisors Llc, a New York-based fund reported 400,000 shares.#img1#
Ratings analysis reveals 62% of Superior Energy Services’s analysts are positive. Out of 21 Wall Street analysts rating Superior Energy Services, 13 give it “Buy”, 1 “Sell” rating, while 7 recommend “Hold”. The lowest target is $10 while the high is $30. The stock’s average target of $17.68 is 17.24% above today’s ($15.08) share price. SPN was included in 70 notes of analysts from August 3, 2015. The firm earned “Neutral” rating on Friday, August 14 by Citigroup. Oppenheimer maintained Superior Energy Services, Inc. (NYSE:SPN) rating on Thursday, October 1. Oppenheimer has “Outperform” rating and $20 price target. The company was upgraded on Thursday, March 31 by Piper Jaffray. The stock of Superior Energy Services, Inc. (NYSE:SPN) has “In-Line” rating given on Monday, May 2 by Imperial Capital. The firm has “Outperform” rating by Credit Suisse given on Monday, December 21. The stock of Superior Energy Services, Inc. (NYSE:SPN) has “Overweight” rating given on Wednesday, April 20 by Barclays Capital. The company was maintained on Wednesday, July 13 by Citigroup. Imperial Capital downgraded the shares of SPN in a report on Tuesday, February 2 to “In-Line” rating. Credit Suisse maintained the shares of SPN in a report on Friday, September 4 with “Neutral” rating. As per Friday, December 11, the company rating was upgraded by Citigroup.
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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By Winifred Garcia