Kennedy Capital Management Inc. grew its position in shares of Superior Energy Services, Inc. (NYSE:SPN) by 56.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 536,876 shares of the oil and gas company’s stock after buying an additional 193,239 shares during the period. Kennedy Capital Management Inc.’s holdings in Superior Energy Services were worth $5,170,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. increased its position in Superior Energy Services by 21.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 25,878 shares of the oil and gas company’s stock worth $270,000 after buying an additional 4,598 shares during the period. Virtu Financial LLC increased its position in Superior Energy Services by 13.0% during the 4th quarter. Virtu Financial LLC now owns 52,421 shares of the oil and gas company’s stock worth $505,000 after buying an additional 6,035 shares during the period. HAP Trading LLC increased its position in Superior Energy Services by 24.0% during the 3rd quarter. HAP Trading LLC now owns 32,328 shares of the oil and gas company’s stock worth $345,000 after buying an additional 6,266 shares during the period. GSA Capital Partners LLP increased its position in Superior Energy Services by 52.1% during the 3rd quarter. GSA Capital Partners LLP now owns 24,381 shares of the oil and gas company’s stock worth $260,000 after buying an additional 8,348 shares during the period. Finally, Geode Capital Management LLC increased its position in Superior Energy Services by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,250,454 shares of the oil and gas company’s stock worth $12,041,000 after buying an additional 9,118 shares during the period.
SPN has been the topic of several recent research reports. Royal Bank of Canada set a $10.00 price objective on Superior Energy Services and gave the stock a “hold” rating in a research report on Thursday, December 21st. ValuEngine lowered Superior Energy Services from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. Credit Suisse Group increased their target price on Superior Energy Services from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Wednesday, February 21st. Scotiabank lowered Superior Energy Services to a “hold” rating in a report on Thursday, January 11th. Finally, Howard Weil lowered Superior Energy Services from a “sector outperform” rating to a “sector perform” rating in a report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $12.91.
Superior Energy Services (NYSE:SPN) last released its quarterly earnings data on Monday, February 19th. The oil and gas company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.01). The business had revenue of $497.00 million during the quarter, compared to analyst estimates of $509.27 million. Superior Energy Services had a negative net margin of 10.99% and a negative return on equity of 21.92%. The business’s quarterly revenue was up 40.2% compared to the same quarter last year. During the same period last year, the business earned ($0.74) earnings per share. equities research analysts predict that Superior Energy Services, Inc. will post -0.82 EPS for the current year.
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Superior Energy Services Company Profile
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’s segments include Drilling Products and Services, which rents and sells bottom hole assemblies, drill pipe, tubulars and specialized equipment for use with onshore and offshore oil and gas well drilling, production and workover activities; Onshore Completion and Workover Services, which provides pressure pumping services used to complete and stimulate production in new oil and gas wells, fluid handling services and well servicing rigs that provide a range of well completion and maintenance services; Production Services, which provides intervention services, such as coiled tubing, cased hole and mechanical wireline, hydraulic workover and snubbing, and remedial pumping services, and Technical Solutions, which provides services requiring specialized engineering, manufacturing or project planning.
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