Superior Energy Services, Inc. (SPN) Downgraded by Barclays PLC

Claudine Rigal
Juillet 18, 2017

(NYSE SPN) opened at 11.08 on Monday. After having $0.66 EPS previously, Intel Corporation's analysts see 3.03% EPS growth.

The Target Price for Superior Energy Services (NYSE:SPN) is $15.94/share according to the consensus analysis of analysts working on the stock. BMO Capital Markets reissued a market perform rating and issued a $16.00 price target on shares of Superior Energy Services in a report on Wednesday, April 12th. Jefferies Group LLC reaffirmed a hold rating and issued a $19.00 target price on shares of Superior Energy Services in a research report on Tuesday, April 25th. Finally, Guggenheim cut Superior Energy Services from a "buy" rating to a "neutral" rating in a report on Tuesday, June 27th. A rating of 3 would signify a consensus Hold recommendation. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company's stock. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $17.83.

Turning to Mobileye N.V. (NYSE:MBLY), its shares were trading at $63.33 a gain of $0.28, on the trading floor. The stock closing price is now trading upward to its 50 day moving average with change of 5.23%, escalated to its 20 day moving average with figure of 4.36% and above its 200 day moving average with value 34.01%. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. The company has market cap of $2.10 billion. Year to date is 11.82%, 8.70% over the last quarter, 8.36% for the past six months and 3.12% over the last 12 months. (NYSE:SPN) to report $-0.47 EPS on July, 25 after the close.They anticipate $0.06 EPS change or 11.32% from last quarter's $-0.53 EPS. The Shareholder Yield of Superior Energy Services, Inc.

While considering growth estimates of the company, it has next quarter growth estimates of 49.3% whereas during current quarter it has 7.5% estimations over growth, comparing to the estimations of 31.7% during current year and 64.7% for next year. During the same period in the prior year, the firm earned ($0.49) EPS. That value represents a market adjusting for revenues that have been falling by -2.95 % on a quarterly year/year basis as of the company's last quarterly report. Looking at the stock's movement on the chart, Superior Energy Services, Inc. recorded a 52-week high of $19.39. "(NYSE:SPN)" was first published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and global copyright laws. The correct version of this article can be viewed at https://sportsperspectives.com/2017/07/17/blackrock-inc-increases-position-in-superior-energy-services-inc-spn-updated.html. The shares were bought at an average cost of $12.26 per share, for a total transaction of $551,700.00. Following the acquisition, the insider now owns 530,657 shares in the company, valued at $6,505,854.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

The institutional investor owned 1,944,541 shares of the oil and gas company's stock after selling 398,384 shares during the period. Washington Trust Bank raised its stake in Superior Energy Services by 17.7% in the first quarter. The company has its outstanding shares of 152.38 million.

Many analysts have provided their estimated foresights on Superior Energy Services, Inc. Neuburgh Advisers LLC now owns 10,574 shares of the oil and gas company's stock valued at $151,000 after buying an additional 884 shares during the period. (NYSE:SPN). Private Asset Management invested 0.36% of its portfolio in Superior Energy Services, Inc. Victory Capital Management Inc. now owns 9,357,285 shares of the oil and gas company's stock valued at $133,435,000 after buying an additional 740,857 shares during the last quarter. With 4.31M avg volume, 5 days are for Superior Energy Services Incorporated (NYSE:SPN)'s short sellers to cover SPN's short positions. The oil and gas company reported ($0.59) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.61) by $0.02.

Analysts are also projecting an Average Revenue Estimate for Superior Energy Services, Inc.as $459370 in the Current Quarter.

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