Market Runner: What’s Superior Energy Services, Inc. Upside After Today’s Big Increase?

Market Runner: What's Superior Energy Services, Inc. Upside After Today's Big Increase?

The stock of Superior Energy Services, Inc. (NYSE:SPN) is a huge mover today! The stock increased 5.36% or $0.91 during the last trading session, hitting $17.9. About 6.34 million shares traded hands or 112.75% up from the average. Superior Energy Services, Inc. (NYSE:SPN) has risen 74.44% since February 26, 2016 and is uptrending. It has outperformed by 64.01% the S&P500.
The move comes after 7 months positive chart setup for the $2.94B company. It was reported on Sep, 30 by We have $25.42 PT which if reached, will make NYSE:SPN worth $1.23 billion more.

Analysts await Superior Energy Services, Inc. (NYSE:SPN) to report earnings on October, 26. They expect $-0.55 earnings per share, down 19.57% or $0.09 from last year’s $-0.46 per share. After $-0.53 actual earnings per share reported by Superior Energy Services, Inc. for the previous quarter, Wall Street now forecasts 3.77% negative EPS growth.

Superior Energy Services, Inc. (NYSE:SPN) Ratings Coverage

Out of 20 analysts covering Superior Energy Services (NYSE:SPN), 14 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 70% are positive. Superior Energy Services has been the topic of 64 analyst reports since August 3, 2015 according to StockzIntelligence Inc. As per Monday, May 2, the company rating was maintained by Barclays Capital. Citigroup upgraded the shares of SPN in a report on Friday, December 11 to “Buy” rating. The stock of Superior Energy Services, Inc. (NYSE:SPN) has “Outperform” rating given on Thursday, October 15 by Cowen & Co. Citigroup maintained Superior Energy Services, Inc. (NYSE:SPN) on Friday, August 14 with “Neutral” rating. The rating was maintained by Cowen & Co with “Outperform” on Friday, October 30. The stock of Superior Energy Services, Inc. (NYSE:SPN) has “Outperform” rating given on Monday, January 11 by Wells Fargo. The firm earned “Outperform” rating on Friday, October 30 by Imperial Capital. As per Wednesday, July 13, the company rating was maintained by Citigroup. RBC Capital Markets downgraded the shares of SPN in a report on Friday, September 18 to “Sector Perform” rating. The stock of Superior Energy Services, Inc. (NYSE:SPN) has “Overweight” rating given on Thursday, March 31 by Piper Jaffray.

According to Zacks Investment Research, “SUPERIOR ENERGY SERVICES, INC. is engaged in the business of providing offshore plugging and abandonment and wireline services in the Gulf of Mexico, the development, manufacture and sale of electronic torque and pressure control equipment and thread protectors which are used in connection with oil and gas exploration, the development, manufacture and sale of oil spill containment boom and ancillary equipment and the rental of specialized oil well equipment and fishing tools.”

Insitutional Activity: The institutional sentiment decreased to 1.09 in 2016 Q2. Its down 0.10, from 1.19 in 2016Q1. The ratio worsened, as 35 funds sold all Superior Energy Services, Inc. shares owned while 101 reduced positions. 47 funds bought stakes while 101 increased positions. They now own 155.01 million shares or 0.59% more from 154.10 million shares in 2016Q1.
Moreover, Nuveen Asset Management Limited Liability has 0.01% invested in Superior Energy Services, Inc. (NYSE:SPN) for 64,306 shares. Omers Administration Corp owns 33,400 shares or 0.01% of their US portfolio. The Australia-based Commonwealth Bancorp Of has invested 0.01% in Superior Energy Services, Inc. (NYSE:SPN). State Bank Of America Corp De reported 1.31M shares or 0.01% of all its holdings. Marathon Asset Ltd Liability Partnership holds 1.82 million shares or 0.71% of its portfolio. Nelson Van Denburg & Campbell Wealth Grp Lc has 156 shares for 0% of their US portfolio. Moreover, Private Asset Mgmt has 0.47% invested in Superior Energy Services, Inc. (NYSE:SPN) for 144,826 shares. The New York-based Mutual Of America Cap Mngmt Limited Liability has invested 0.05% in Superior Energy Services, Inc. (NYSE:SPN). Mitchell Group has 1.26 million shares for 2.32% of their US portfolio. Tci Wealth Advsrs Incorporated holds 71 shares or 0% of its portfolio. Lsv Asset Mngmt reported 606,724 shares or 0.02% of all its holdings. Botty Limited Liability Co has 0% invested in the company for 150 shares. Segall Bryant And Hamill holds 249,028 shares or 0.12% of its portfolio. Royal Bank Of Canada accumulated 75,040 shares or 0% of the stock. Loews holds 0% of its portfolio in Superior Energy Services, Inc. (NYSE:SPN) for 12,075 shares.

Another recent and important Superior Energy Services, Inc. (NYSE:SPN) news was published by which published an article titled: “Superior Energy Services To Present At The Barclays CEO Energy-Power Conference” on September 06, 2016.

SPN Company Profile

Superior Energy Services, Inc., incorporated on April 26, 1991, 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 divisions include Drilling Products and Services; Onshore Completion and Workover Services; Production Services, and Technical Solutions. The Drilling Products and Services segment rents and sells bottom hole assemblies, drill pipe, tubulars and specialized equipment for use with onshore and offshore gas and oil well drilling, completion, production and workover activities. It also provides on-site accommodations and machining services. The Onshore Completion and Workover Services segment provides pressure pumping services used to complete and stimulate production in new gas and oil wells, fluid handling services and well servicing rigs that provide a range of well completion, workover and maintenance services. The Production Services segment provides intervention services, such as coiled tubing, cased hole and mechanical wireline, hydraulic workover and snubbing, production testing and optimization, and remedial pumping services. The Technical Solutions segment provides services typically requiring specialized engineering, manufacturing or project planning, including well containment systems, stimulation and sand control services and well plug and abandonment services. It also includes production handling arrangements and the production and sale of gas and oil.

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