Could Superior Energy Services, Inc. (SPN) Recover After Today’s Huge Decline?

December 17, 2017 - By Clifton Ray

Investors sentiment increased to 1.31 in 2017 Q2. Its up 0.12, from 1.19 in 2017Q1. It is positive, as 42 investors sold Superior Energy Services, Inc. shares while 65 reduced holdings. 33 funds opened positions while 107 raised stakes. 176.79 million shares or 9.38% more from 161.62 million shares in 2017Q1 were reported.
Balyasny Asset Management Ltd Liability Corporation has invested 0.13% of its portfolio in Superior Energy Services, Inc. (NYSE:SPN). Sei holds 0% in Superior Energy Services, Inc. (NYSE:SPN) or 1,340 shares. Tci Wealth Advsr has 0% invested in Superior Energy Services, Inc. (NYSE:SPN) for 71 shares. Victory Capital Mngmt reported 11.29 million shares stake. Carlyle Grp Limited Partnership has invested 0.63% in Superior Energy Services, Inc. (NYSE:SPN). Rmb Capital reported 660,491 shares. Barclays Public Ltd Liability Corporation holds 0% or 145,377 shares in its portfolio. Moreover, Trillium Asset Management Ltd Liability has 0.04% invested in Superior Energy Services, Inc. (NYSE:SPN) for 66,600 shares. State Common Retirement Fund accumulated 682,050 shares. Thrivent Finance For Lutherans has invested 0% in Superior Energy Services, Inc. (NYSE:SPN). Raymond James & holds 0% or 139,029 shares. Marathon Asset Mngmt Llp invested in 0.24% or 1.33M shares. Virginia Retirement Et Al holds 58,651 shares. Walleye Trading Ltd accumulated 202,633 shares or 0.01% of the stock. Anchor Capital Ltd holds 0.44% or 1.15 million shares in its portfolio.

The stock of Superior Energy Services, Inc. (NYSE:SPN) is a huge mover today! The stock decreased 2.63% or $0.23 during the last trading session, reaching $8.5. About 4.32M shares traded or 23.59% up from the average. Superior Energy Services, Inc. (NYSE:SPN) has declined 25.14% since December 17, 2016 and is downtrending. It has underperformed by 41.84% the S&P500.
The move comes after 7 months negative chart setup for the $1.30 billion company. It was reported on Dec, 17 by Barchart.com. We have $8.25 PT which if reached, will make NYSE:SPN worth $39.03M less.

Analysts await Superior Energy Services, Inc. (NYSE:SPN) to report earnings on February, 20. They expect $-0.31 earnings per share, up 58.11 % or $0.43 from last year’s $-0.74 per share. After $-0.33 actual earnings per share reported by Superior Energy Services, Inc. for the previous quarter, Wall Street now forecasts -6.06 % EPS growth.

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

Among 29 analysts covering Superior Energy Services (NYSE:SPN), 13 have Buy rating, 1 Sell and 15 Hold. Therefore 45% are positive. Superior Energy Services had 116 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, July 27 by Jefferies. The stock of Superior Energy Services, Inc. (NYSE:SPN) earned “Buy” rating by Deutsche Bank on Wednesday, October 25. Cowen & Co maintained the shares of SPN in report on Friday, October 30 with “Outperform” rating. The firm has “Hold” rating by Jefferies given on Friday, February 17. Piper Jaffray maintained it with “Buy” rating and $1500 target in Tuesday, July 25 report. The stock of Superior Energy Services, Inc. (NYSE:SPN) has “In-Line” rating given on Monday, May 2 by Imperial Capital. Credit Suisse upgraded Superior Energy Services, Inc. (NYSE:SPN) on Wednesday, January 4 to “Outperform” rating. The rating was maintained by Howard Weil on Monday, August 3 with “Focus Stock”. As per Friday, April 15, the company rating was downgraded by JP Morgan. Howard Weil maintained Superior Energy Services, Inc. (NYSE:SPN) rating on Wednesday, February 24. Howard Weil has “Focus Stock” rating and $16 target.

Superior Energy Services, Inc. provides specialized oilfield services and equipment to natural gas and crude oil exploration and production companies in the United States, the Gulf of Mexico, and internationally. The company has market cap of $1.30 billion. It operates through four divisions: Drilling Products and Services; Onshore Completion and Workover Services; Production Services; and Technical Solutions. It currently has negative earnings. The Drilling Products and Services segment rents tubulars, including primary drill pipe strings, tubing landing strings, completion tubulars, and associated accessories; and makes and rents bottom hole tools, such as stabilizers, non-magnetic drill collars, and hole openers, as well as rents temporary onshore and offshore accommodation modules and accessories.

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