Superior Energy Services, Inc. (NYSE:SPN) registered a -1.40% decrease, still its new closing price is 113.94% up from the company’s 1 year high of 19.83.It posted -0.23% losses in previous 5 sessions and is now the subject of 10 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 8 buy or better ratings. The 30 stock analysts following this company have an average price target at $20.48, with individual PT in the $14.00-$30.00 range. The shares moved at $17.65, implying that brokerage firms see shares gaining about 89.78% in twelve months time.
Superior Energy Services, Inc. (SPN) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 4.56% rise year to date. A Senior Executive Vice Pres. at Superior Energy Services, Inc. (SPN) offloaded shares in a transaction closed on Thursday February 26, 2015. Bernard A Patrick sold 37,500 shares in the company at $22.09 each and collected $828,000 in proceeds. Bernard A Patrick now owns 109,691 shares in the company after this transaction. A Executive Vice President in the company, Cook Lynton G III, disclosed a transaction on Wednesday February 25, 2015 that ended up generating $621,001 from the sale of 28,029 shares at $22.18 per share.
Superior Energy Services, Inc. (NYSE:SPN) Upcoming Results on Tap
Superior Energy Services, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $-0.49 in that period. Sales during the quarter are predicted to arrive at $375.27 million.
Earnings surprise history: Last quarter, the company posted approximately $326.23 million in revenue and EPS of $-0.73. The mean forecast was for $357.36 million and $-0.57 a share, respectively. One quarter earlier, revenue for the stock was at $356.27 million, with earnings at $-0.53/share.
Superior Energy Services, Inc. (SPN) Brokerage Update
Superior Energy Services, Inc. (SPN) is in Credit Suisse’s research list so their analyst rating change is noteworthy. These shares were upgraded to Outperform from Neutral by Credit Suisse, according to news reported on Wednesday January 04, 2017.Another important research note was issued by Scotia Howard Weil on Wednesday October 26, 2016.The firm downgraded SPN to Sector Outperform from Focus Stock. Over the last six months and over the last three months, the shares of Superior Energy Services, Inc. (SPN), have changed 14.98% and 23.25%, respectively.