SG Americas Securities LLC boosted its position in Superior Energy Services, Inc. (NYSE:SPN) by 312.8% during the 1st quarter, HoldingsChannel reports. The fund owned 114,159 shares of the oil and gas company’s stock after acquiring an additional 86,507 shares during the quarter. SG Americas Securities LLC’s holdings in Superior Energy Services were worth $533,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. GSA Capital Partners LLP acquired a new stake in Superior Energy Services in the fourth quarter valued at approximately $140,000. Advisor Partners LLC acquired a new stake in Superior Energy Services in the fourth quarter valued at approximately $42,000. Nisa Investment Advisors LLC raised its holdings in Superior Energy Services by 2,156.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 27,415 shares of the oil and gas company’s stock valued at $92,000 after acquiring an additional 26,200 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Superior Energy Services by 84.4% in the fourth quarter. Principal Financial Group Inc. now owns 1,268,067 shares of the oil and gas company’s stock valued at $4,248,000 after acquiring an additional 580,395 shares in the last quarter. Finally, Voloridge Investment Management LLC acquired a new stake in Superior Energy Services in the fourth quarter valued at approximately $1,389,000. 97.34% of the stock is currently owned by hedge funds and other institutional investors.
SPN has been the topic of several analyst reports. Zacks Investment Research raised shares of Superior Energy Services from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Piper Jaffray Companies set a $8.00 price objective on shares of Superior Energy Services and gave the stock a “buy” rating in a report on Tuesday, February 19th. ValuEngine raised shares of Superior Energy Services from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Goldman Sachs Group assumed coverage on shares of Superior Energy Services in a report on Sunday, March 10th. They set a “neutral” rating and a $5.50 price objective on the stock. Finally, Raymond James set a $8.00 price objective on shares of Superior Energy Services and gave the stock a “buy” rating in a report on Wednesday, April 17th. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $7.92.
SPN stock opened at $2.17 on Thursday. The company has a debt-to-equity ratio of 5.18, a quick ratio of 1.76 and a current ratio of 2.12. Superior Energy Services, Inc. has a twelve month low of $2.10 and a twelve month high of $12.10. The company has a market cap of $363.38 million, a price-to-earnings ratio of -2.41 and a beta of 2.22.
Superior Energy Services (NYSE:SPN) last announced its earnings results on Tuesday, April 23rd. The oil and gas company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.07). The business had revenue of $467.20 million during the quarter, compared to analyst estimates of $495.35 million. Superior Energy Services had a negative net margin of 40.00% and a negative return on equity of 19.11%. The business’s revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.34) earnings per share. As a group, analysts predict that Superior Energy Services, Inc. will post -0.82 earnings per share for the current year.
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Superior Energy Services 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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