Superior Energy Services, Inc. to Post Q1 2018 Earnings of ($0.21) Per Share, Capital One Financial Corporation Forecasts (NYSE:SPN)

Superior Energy Services, Inc. (NYSE:SPN) – Investment analysts at Capital One Financial Corporation issued their Q1 2018 earnings per share estimates for Superior Energy Services in a research report issued on Thursday. Capital One Financial Corporation analyst L. Lemoine expects that the oil and gas company will post earnings of ($0.21) per share for the quarter. Capital One Financial Corporation also issued estimates for Superior Energy Services’ Q2 2018 earnings at ($0.14) EPS and Q4 2018 earnings at ($0.07) EPS.

Superior Energy Services (NYSE:SPN) last announced its quarterly earnings data on Tuesday, July 25th. The oil and gas company reported ($0.41) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.48) by $0.07. The company had revenue of $470.07 million for the quarter, compared to analysts’ expectations of $465.75 million. Superior Energy Services had a negative return on equity of 28.82% and a negative net margin of 31.24%. Superior Energy Services’s revenue for the quarter was up 31.9% compared to the same quarter last year. During the same period last year, the firm posted ($3.09) EPS. TRADEMARK VIOLATION WARNING: This article was originally reported by Markets Daily and is the property of of Markets Daily. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The correct version of this article can be accessed at https://www.themarketsdaily.com/2017/08/08/superior-energy-services-inc-to-post-q1-2018-earnings-of-0-21-per-share-capital-one-financial-corporation-forecasts-nysespn-updated.html.

A number of other equities analysts have also commented on the company. Morgan Stanley reissued an “equal weight” rating and set a $14.00 price target (down from $30.00) on shares of Superior Energy Services in a research note on Wednesday, June 21st. Barclays PLC reissued a “buy” rating and set a $18.00 price target on shares of Superior Energy Services in a research note on Friday, April 28th. Nomura set a $13.00 price target on Superior Energy Services and gave the company a “hold” rating in a research note on Thursday, April 27th. BMO Capital Markets dropped their price target on Superior Energy Services from $16.00 to $15.00 and set a “market perform” rating for the company in a research note on Tuesday, May 2nd. Finally, Instinet reissued a “neutral” rating and set a $13.00 price target (down from $15.00) on shares of Superior Energy Services in a research note on Saturday, April 29th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. Superior Energy Services presently has an average rating of “Hold” and a consensus target price of $16.56.

Shares of Superior Energy Services (SPN) traded down 2.70% during trading on Friday, hitting $11.18. The company had a trading volume of 5,639,889 shares. Superior Energy Services has a 52 week low of $8.99 and a 52 week high of $19.39. The firm’s 50 day moving average is $10.52 and its 200-day moving average is $13.43. The stock’s market capitalization is $1.71 billion.

Large investors have recently modified their holdings of the company. Ferguson Wellman Capital Management Inc. increased its stake in shares of Superior Energy Services by 5.0% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 1,661,044 shares of the oil and gas company’s stock valued at $23,686,000 after buying an additional 78,623 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of Superior Energy Services by 2.7% in the first quarter. Nationwide Fund Advisors now owns 282,717 shares of the oil and gas company’s stock valued at $4,032,000 after buying an additional 7,338 shares during the last quarter. Retirement Systems of Alabama increased its stake in shares of Superior Energy Services by 111.8% in the first quarter. Retirement Systems of Alabama now owns 415,007 shares of the oil and gas company’s stock valued at $5,918,000 after buying an additional 219,058 shares during the last quarter. Hermes Investment Management Ltd. increased its stake in shares of Superior Energy Services by 2.9% in the first quarter. Hermes Investment Management Ltd. now owns 1,627,573 shares of the oil and gas company’s stock valued at $23,209,000 after buying an additional 45,133 shares during the last quarter. Finally, Washington Trust Bank increased its stake in shares of Superior Energy Services by 17.7% in the first quarter. Washington Trust Bank now owns 9,810 shares of the oil and gas company’s stock valued at $140,000 after buying an additional 1,478 shares during the last quarter.

Superior Energy Services Company Profile

Earnings History and Estimates for Superior Energy Services (NYSE:SPN)

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