Wall Street brokerages forecast that Superior Energy Services, Inc. (NYSE:SPN) will report $468.61 million in sales for the current quarter, Zacks reports. Eight analysts have issued estimates for Superior Energy Services’ earnings, with the highest sales estimate coming in at $482.06 million and the lowest estimate coming in at $451.00 million. Superior Energy Services posted sales of $535.55 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 12.5%. The company is expected to report its next earnings results after the market closes on Tuesday, July 23rd.
On average, analysts expect that Superior Energy Services will report full year sales of $1.92 billion for the current year, with estimates ranging from $1.85 billion to $1.97 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.08 billion, with estimates ranging from $1.87 billion to $2.25 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Superior Energy Services.
Superior Energy Services (NYSE:SPN) last issued its quarterly earnings data on Tuesday, April 23rd. The oil and gas company reported ($0.31) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.07). Superior Energy Services had a negative return on equity of 19.11% and a negative net margin of 40.00%. The firm had revenue of $467.20 million during the quarter, compared to the consensus estimate of $495.35 million. During the same period in the previous year, the firm earned ($0.34) EPS. The business’s revenue was down 3.1% on a year-over-year basis.
Several analysts have issued reports on SPN shares. Citigroup reissued a “buy” rating and set a $25.00 price target on shares of Propetro in a report on Tuesday, July 2nd. Susquehanna Bancshares cut their price target on Helmerich & Payne from $72.00 to $62.00 in a report on Wednesday, July 10th. Bank of America reissued an “underperform” rating and set a $1.25 price target (down previously from $4.50) on shares of Superior Energy Services in a report on Tuesday, June 25th. Morgan Stanley set a $207.00 price target on Alibaba Group and gave the company a “buy” rating in a report on Friday. Finally, Gabelli reissued a “buy” rating on shares of T. Rowe Price Group in a report on Thursday, April 25th. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company’s stock. Superior Energy Services has a consensus rating of “Hold” and a consensus price target of $6.26.
NYSE:SPN traded down $0.11 during mid-day trading on Friday, hitting $0.95. 3,125,980 shares of the company traded hands, compared to its average volume of 3,425,437. The company has a fifty day moving average of $1.43. Superior Energy Services has a one year low of $0.95 and a one year high of $11.14. The company has a debt-to-equity ratio of 5.18, a quick ratio of 1.76 and a current ratio of 2.12. The company has a market cap of $166.10 million, a price-to-earnings ratio of -1.06 and a beta of 2.31.
Large investors have recently bought and sold shares of the stock. GSA Capital Partners LLP bought a new stake in Superior Energy Services during the fourth quarter worth approximately $140,000. MML Investors Services LLC grew its stake in shares of Superior Energy Services by 196.9% during the first quarter. MML Investors Services LLC now owns 246,406 shares of the oil and gas company’s stock valued at $1,151,000 after buying an additional 163,400 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Superior Energy Services by 84.4% during 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 buying an additional 580,395 shares during the last quarter. Voloridge Investment Management LLC bought a new position in shares of Superior Energy Services during the fourth quarter valued at approximately $1,389,000. Finally, Two Sigma Advisers LP grew its stake in shares of Superior Energy Services by 480.6% during the fourth quarter. Two Sigma Advisers LP now owns 533,504 shares of the oil and gas company’s stock valued at $1,787,000 after buying an additional 441,617 shares during the last quarter. Institutional investors own 98.86% of the company’s stock.
Superior Energy Services Company 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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