Superior Energy Services, Inc. (SPN) Director Acquires $42,900.00 in Stock

Superior Energy Services, Inc. (NYSE:SPN) Director James M. Funk purchased 10,000 shares of Superior Energy Services stock in a transaction that occurred on Monday, March 11th. The shares were bought at an average cost of $4.29 per share, for a total transaction of $42,900.00. Following the completion of the transaction, the director now directly owns 32,179 shares in the company, valued at approximately $138,047.91. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of SPN stock traded down $0.03 on Friday, hitting $4.60. 967,707 shares of the stock traded hands, compared to its average volume of 3,152,081. The company has a current ratio of 2.13, a quick ratio of 1.80 and a debt-to-equity ratio of 4.41. The firm has a market cap of $711.04 million, a P/E ratio of -5.11 and a beta of 2.35. Superior Energy Services, Inc. has a 1-year low of $2.87 and a 1-year high of $12.73.

Superior Energy Services (NYSE:SPN) last issued its quarterly earnings data on Monday, February 18th. The oil and gas company reported ($0.20) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.08. The firm had revenue of $539.33 million during the quarter, compared to the consensus estimate of $514.64 million. Superior Energy Services had a negative return on equity of 15.11% and a negative net margin of 40.28%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.33) EPS. On average, research analysts forecast that Superior Energy Services, Inc. will post -0.77 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC grew its stake in Superior Energy Services by 5.4% during the 3rd quarter. FMR LLC now owns 3,725,934 shares of the oil and gas company’s stock worth $36,291,000 after buying an additional 189,602 shares during the last quarter. Trexquant Investment LP grew its stake in Superior Energy Services by 535.2% during the 3rd quarter. Trexquant Investment LP now owns 120,980 shares of the oil and gas company’s stock worth $1,178,000 after buying an additional 101,934 shares during the last quarter. Vanguard Group Inc grew its stake in Superior Energy Services by 1.5% during the 3rd quarter. Vanguard Group Inc now owns 14,095,259 shares of the oil and gas company’s stock worth $137,288,000 after buying an additional 214,266 shares during the last quarter. Advisor Partners LLC bought a new position in Superior Energy Services during the 4th quarter worth $42,000. Finally, Jane Street Group LLC grew its stake in Superior Energy Services by 289.1% during the 3rd quarter. Jane Street Group LLC now owns 88,952 shares of the oil and gas company’s stock worth $866,000 after buying an additional 66,092 shares during the last quarter.

Several equities analysts recently commented on the company. Jefferies Financial Group raised Superior Energy Services from an “underperform” rating to a “hold” rating and boosted their price target for the stock from $3.00 to $4.00 in a research report on Friday. Goldman Sachs Group assumed coverage on Superior Energy Services in a research report on Sunday, March 10th. They set a “neutral” rating and a $5.50 price target on the stock. ValuEngine raised Superior Energy Services from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Piper Jaffray Companies set a $8.00 price target on Superior Energy Services and gave the stock a “buy” rating in a research report on Tuesday, February 19th. Finally, Zacks Investment Research raised Superior Energy Services from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $8.67.

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About Superior Energy Services

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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