Bp Capital Fund Advisors buys $10,650,694 stake in Superior Energy Services (SPN)

Superior Energy Services (SPN) : Bp Capital Fund Advisors scooped up 87,838 additional shares in Superior Energy Services during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 635,104 shares of Superior Energy Services which is valued at $10,650,694.Superior Energy Services makes up approximately 4.03% of Bp Capital Fund Advisors’s portfolio.

Other Hedge Funds, Including , Jane Street Group added SPN to its portfolio by purchasing 95,515 company shares during the most recent quarter which is valued at $1,601,787. Superior Energy Services makes up approx 0.02% of Jane Street Group’s portfolio. Nuveen Fund Advisors sold out all of its stake in SPN during the most recent quarter. The investment firm sold 17,000 shares of SPN which is valued $285,090.Ubs Asset Management Americas Inc boosted its stake in SPN in the latest quarter, The investment management firm added 21,660 additional shares and now holds a total of 162,110 shares of Superior Energy Services which is valued at $2,738,038.Alambic Investment Management reduced its stake in SPN by selling 7,300 shares or 16.11% in the most recent quarter. The Hedge Fund company now holds 38,000 shares of SPN which is valued at $641,820. Superior Energy Services makes up approx 0.14% of Alambic Investment Management’s portfolio.Clarivest Asset Management reduced its stake in SPN by selling 26 shares or 0.46% in the most recent quarter. The Hedge Fund company now holds 5,605 shares of SPN which is valued at $89,512.

Superior Energy Services closed down -0.56 points or -3.33% at $16.27 with 43,23,243 shares getting traded on Thursday. Post opening the session at $16.74, the shares hit an intraday low of $15.99 and an intraday high of $16.74 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Superior Energy Services reported $-0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $-0.57. The company had revenue of $356.30 million for the quarter, compared to analysts expectations of $365.86 million. The company’s revenue was down -49.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.31 EPS.

Many Wall Street Analysts have commented on Superior Energy Services. Shares were Reiterated by Scotia Howard Weil on Jul 27, 2016 to “Focus Stock” and Lowered the Price Target to $ 25 from a previous price target of $27 .Shares were Reiterated by Imperial Capital on Jul 27, 2016 to “Outperform” and Lowered the Price Target to $ 20 from a previous price target of $23 .Superior Energy Services was Initiated by Macquarie to “Neutral” on Jul 15, 2016.

Superior Energy Services Inc. is engaged in exploration development and production of oil and natural gas. The Company serves national and independent oil and natural gas companies around the world. Its segments include Drilling Products and Services Onshore Completion and Workover Services Production Services and Technical Solutions. The Drilling Products and Services segment includes downhole drilling tools and surface rentals. The Onshore Completion and Workover Services segment includes pressure pumping fluid handling and workover and maintenance services. The Production Services segment includes intervention services and specialized pressure-control tools used for pressure control and intervention operations. The Technical Solutions segment includes products and services that address customer-specific needs with their applications for specialized engineering manufacturing or project planning.

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