Superior Energy Services (SPN) : Strategic Global Advisors added new position in Superior Energy Services during the most recent quarter end. The investment management firm now holds 91,813 shares of Superior Energy Services which is valued at $1,539,704 , the company said in a statement filed on Aug 11, 2016 with the SEC.Superior Energy Services makes up approximately 0.56% of Strategic Global Advisors’s portfolio.
Other Hedge Funds, Including , Vaughan Nelson Investment Management reduced its stake in SPN by selling 940,575 shares or 35.01% in the most recent quarter. The Hedge Fund company now holds 1,745,700 shares of SPN which is valued at $29,275,389. Superior Energy Services makes up approx 0.36% of Vaughan Nelson Investment Management’s portfolio. Princeton Alpha Management Lp sold out all of its stake in SPN during the most recent quarter. The investment firm sold 37,155 shares of SPN which is valued $594,480.Hap Trading boosted its stake in SPN in the latest quarter, The investment management firm added 14,225 additional shares and now holds a total of 33,034 shares of Superior Energy Services which is valued at $528,544. Superior Energy Services makes up approx 0.04% of Hap Trading’s portfolio.Oakbrook Investments boosted its stake in SPN in the latest quarter, The investment management firm added 1,300 additional shares and now holds a total of 13,900 shares of Superior Energy Services which is valued at $244,223. Superior Energy Services makes up approx 0.01% of Oakbrook Investments’s portfolio.Ibm Retirement Fund boosted its stake in SPN in the latest quarter, The investment management firm added 211 additional shares and now holds a total of 15,179 shares of Superior Energy Services which is valued at $266,695. Superior Energy Services makes up approx 0.01% of Ibm Retirement Fund’s portfolio.
Superior Energy Services opened for trading at $17.96 and hit $18.17 on the upside on Tuesday, eventually ending the session at $18, with a gain of 0.50% or 0.09 points. The heightened volatility saw the trading volume jump to 14,20,157 shares. Company has a market cap of $2,731 M.
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.