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Main » Barclays PLC Reaffirms Buy Rating for Superior Energy Services, Inc. (SPN)

Barclays PLC Reaffirms Buy Rating for Superior Energy Services, Inc. (SPN)

29 May 2017

Jefferies has "Buy" rating and $6 target.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, SPN earned gross profit of 1.82 Billion, in 2015 908.75 Million gross profit, while in 2016 Superior Energy Services, Inc. The company has 655.41 shares outstanding and 95.40% shares of the company were owned by institutional investors. They now have a Dollars 3 price target on the stock. Finally, Alambic Investment Management L.P. raised its stake in shares of Superior Energy Services by 1.1% in the third quarter. BlackRock Inc. now owns 23,424,814 shares of the oil and gas company's stock valued at $334,036,000 after buying an additional 23,199,606 shares in the last quarter. NY increased its stake in shares of Pioneer Energy Services Corp by 9.6% in the first quarter. The company has a 1-week performance of 6.66%. The correct version of this report can be accessed at 587.86 million shares or 1.69% more from 578.10 million shares in 2016Q3 were reported. Van ECK Associates Corp now owns 7,533,002 shares of the oil and gas company's stock valued at $127,157,000 after buying an additional 183,098 shares in the last quarter.

Many analysts are providing their Estimated Earnings analysis for Superior Energy Services, Inc. and for the current quarter 28 analysts have projected that the stock could give an Average Earnings estimate of $-0.49/share. (SPN) closed business day at $12.11 with 2.19%. Corporate insiders own 2.91% of the company's stock.

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Superior Energy Services (NYSE:SPN) 52-week high price stands at $19.83 and low price stands at $10.45, its price distance from 52-week high is -38.93% while its distance from 52-week low price is 15.89%. The stock has a 50 day moving average of $23.13 and a 200 day moving average of $24.96. As per Tuesday, September 1, the company rating was downgraded by Wells Fargo.

Superior Energy Services (NYSE:SPN) last announced its quarterly earnings data on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The firm had revenue of $400.94 million for the quarter, compared to analyst estimates of $388.26 million. Superior Energy Services had a negative net margin of 55.65% and a negative return on equity of 17.51%. During the same period in the previous year, the firm posted ($0.30) EPS. Earnings per share is generally considered to be the single most important variable in determining a share's price. Finally, World Asset Management Inc boosted its stake in shares of Superior Energy Services by 2.0% in the first quarter. If you are reading this report on another publication, it was illegally copied and reposted in violation of USA and worldwide trademark & copyright laws.

Orbis Investment Management decreased Carnival Corp (NYSE:CCL) stake by 18,891 shares to 61,760 valued at $3.22M in 2016Q4. Piper Jaffray upgraded Pioneer Energy Services Corp (NYSE:PES) on Wednesday, June 29 to "Overweight" rating. Below is a list of Pioneer Energy Services Corp (NYSE:PES) latest ratings and price target changes.

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Looking at the current price of the stock and the 52 week high and low, it suggests that the stock is likely to go Up in the future. Zacks Investment Research cut Pioneer Energy Services Corp from a "buy" rating to a "hold" rating in a report on Friday, May 5th. They set a "buy" rating on the stock. As per Wednesday, August 12, the company rating was maintained by Cowen & Co.

In other news, insider David D. Dunlap purchased 45,000 shares of the stock in a transaction on Friday, April 28th. (NYSE:PES) last session's volume of 0.63 million shares was lower than its average volume of 1.3 million shares. Following the purchase, the insider now owns 530,657 shares in the company, valued at $6,505,854.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. They now have a United States dollars 19 price target on the stock.

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