Superior Energy Services (NYSE:SPN) announced its earnings results on Thursday. The oil and gas company reported ($0.78) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.03) by $0.25, MarketWatch Earnings reports. Superior Energy Services had a negative return on equity of 83.23% and a negative net margin of 15.36%. The company had revenue of $321.50 million for the quarter, compared to analysts’ expectations of $320.60 million.
Shares of SPN stock traded down $0.03 during trading hours on Friday, reaching $0.96. 2,851 shares of the company’s stock were exchanged, compared to its average volume of 203,446. The stock’s 50 day moving average is $1.46 and its 200-day moving average is $2.38. The company has a market cap of $19.75 million, a price-to-earnings ratio of -0.06 and a beta of 2.94. The company has a current ratio of 3.05, a quick ratio of 2.68 and a debt-to-equity ratio of 27.21. Superior Energy Services has a fifty-two week low of $0.76 and a fifty-two week high of $6.07.
A number of equities analysts recently commented on SPN shares. Zacks Investment Research cut Superior Energy Services from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Morgan Stanley decreased their price target on Superior Energy Services from $5.00 to $1.50 and set an “underweight” rating on the stock in a report on Monday, March 16th. Wolfe Research cut Superior Energy Services from an “outperform” rating to an “underperform” rating in a report on Thursday, March 19th. Finally, Royal Bank of Canada cut Superior Energy Services from a “sector perform” rating to an “underperform” rating and reduced their target price for the stock from $1.75 to $1.00 in a report on Friday. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Superior Energy Services has an average rating of “Hold” and an average price target of $1.60.
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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