17 July, 2017
Amalgamated Bank boosted its position in Superior Energy Services, Inc. (NYSE:SPN) by 3.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission.
For market timers, it's also important to take measure of the relative level of recent lift or pressure in the stock is it overbought or oversold? Finally, Guggenheim cut Superior Energy Services from a "buy" rating to a "neutral" rating in a report on Tuesday, June 27th.
The Company's divisions are Client Computing Group, Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG). Royal Natl Bank Of Canada has invested 0% of its portfolio in Superior Energy Services, Inc.
Analysts look for public financial statements, listen in on conference calls and talk to managers and customers of a company in order to reach an opinion and communicate the value of a stock. Washington Trust Bank boosted its position in shares of Superior Energy Services by 17.7% in the first quarter. State Street Corp now owns 4,469,504 shares of the oil and gas company's stock worth $75,450,000 after buying an additional 179,850 shares during the last quarter. Flinton Capital Management LLC now owns 8,708 shares of the oil and gas company's stock worth $124,000 after buying an additional 728 shares in the last quarter. 2,007,714 shares of the stock traded hands. Flinton Capital Management LLC raised its stake in shares of Superior Energy Services by 9.1% in the first quarter. The stock spiked 6.74% last month and is down -34.36 this year. (NYSE SPN) traded up 3.55% during midday trading on Friday, hitting $11.08.
The stock is now moving with a Negative distance from 200-Day Simple Moving Average of about -24.97% and has no so good Year to Date (YTD) Performance of -34.36% which means the stock is constantly adding to its value from previous fiscal year end price. Commonwealth Of Pennsylvania School Empls Retrmt has invested 0.01% in Superior Energy Services, Inc. The company has market cap of $165.41 billion.
Shares of Superior Energy Services (NYSE SPN) opened at 11.08 on Friday. 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. The company beat the analyst EPS Estimate with the difference of $0.05.
Superior Energy Services, Inc. provides a range of services and products to the energy industry related to the exploration, development and production of oil and natural gas. The firm's revenue for the quarter was down 3.0% compared to the same quarter a year ago. Likewise, the positive performance for the quarter was recorded as 17.20% and for the year was 0.00%, while the YTD performance remained at 29.34%. Analysts predict that Superior Energy Services, Inc. will post ($1.70) EPS for the current year. "(NYSE:SPN) Stake Boosted by Amalgamated Bank" was posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of United States and global copyright legislation. The legal version of this piece can be read at https://sportsperspectives.com/2017/07/17/superior-energy-services-inc-nysespn-downgraded-by-barclays-plc.html.
SPN has been the topic of several recent analyst reports. Tudor Pickering initiated coverage on shares of Superior Energy Services in a report on Thursday, March 23rd. The stock has "Buy" rating by Gabelli on Tuesday, December 13. Capital One upgraded the shares of SPN in report on Wednesday, July 27 to "Overweight" rating. Loop Capital reaffirmed a buy rating on shares of Superior Energy Services in a report on Monday, July 3rd. BidaskClub cut Superior Energy Services from a hold rating to a sell rating in a report on Wednesday, July 12th. Jefferies Group LLC reissued a "hold" rating and set a $14.00 target price on shares of Superior Energy Services in a report on Friday.
In terms of Buy, Sell or Hold recommendations, Superior Energy Services (NYSE:SPN) has analysts' mean recommendation of 2.4. The stock has an average rating of "Hold" and a consensus price target of $17.63. The stock was acquired 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 purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.
