Superior Energy Services, Inc. (NYSE:SPN) Analysts Recommendations and Insider Trading
Superior Energy Services, Inc. (NYSE:SPN) stock is presently standing at about $14.19 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 26 analysts covering the company is $20.00, which suggests the stock could still rise over 29 percent. The highest analyst price target is $30.00, which implies a rally of -11 percent. And a quick view of analyst notes show that 14 are rating the stock a buy while 6 rate SPN a strong buy. There are 10 equity research firms advocating a Hold and 0 consider it Sell.
Jefferies analysts provided their view on Superior Energy Services, Inc. (NYSE:SPN) recently. The rating firm issued a Hold rating to this company in a research note released on Feb 17, 2017. SunTrust analysts disclosed their opinion on Superior Energy Services, Inc. (NYSE:SPN) recently. The rating firm gave a Hold rating to this stock in a research note published on Jan 18, 2017. According to a research note disclosed on Jan 04, 2017, analysts at Credit Suisse have upped their rating on these shares from Neutral to Outperform.
Superior Energy Services, Inc. (NYSE:SPN) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Senior Executive Vice Pres. Bernard A Patrick sold 37,500 company shares for 828380, in a transaction on 2015-02-26. Following the transaction, the Senior Executive Vice Pres. is left with a stake of 109,691 shares, currently valued at $1556515. Meanwhile, Executive Vice President Cook Lynton G III sold 28,029 shares worth $621680, through a transaction dated 2015-02-25. Following the completion of the transaction, the insider is left with a stake of 85,118 shares, amounting $1207824.42. SPN CFO TAYLOR ROBERT S also sold 60,000 shares, at a stock price of $21.3. This transaction occurred on 2015-02-24 totals $1278000. After this transaction, the insider’s stake stands at 147,844 shares, with a market value of $2097906.
Executives hold 2.02 percent of the stock. Mr. Terence E. Hall is one of the biggest insider owners in Superior Energy Services, Inc. (NYSE:SPN), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 1,073,402 shares which have current market value of around $15231574.38.David D. Dunlap is another major inside shareholder in the company. The insider owns 485,657 shares as of 0.32%, currently worth $6891472.83. Brian K. Moore is ranked as third insider holder of the stock. This insider holds 269,524 shares with a market value around $3824545.56 as of recent close.
Superior Energy Services, Inc. (NYSE:SPN) Earnings Outlook
In Superior Energy Services, Inc. (NYSE:SPN)’s latest quarter, EPS moved to $-0.74 from $-0.73 in preceding quarter and revenues reached at $354.42M compared to $326.23M. Analysts had expected Superior Energy Services, Inc. (NYSE:SPN) to post net income of about $-0.77 per share on $339.20M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $-0.66 to $-0.54. That is compared with the $-0.49 in EPS it reported during the same period a year ago.