Superior Energy Services, Inc. shares had a trading volume of 7,557K by the end of trading on Friday. Shares saw a steep increase in trading volume of 82.92% over the normal average daily volume.
There has been some buying insider activity on Superior Energy Services, Inc. (NYSE:SPN) recently. Brian K. Moore, EVP bought $362,400 worth of shares at an average price of $12.08 on April 28th. The EVP now owns $3,618,250 of the stock per an SEC filing yesterday. David D. Dunlap, President and CEO acquired $551,700 worth of shares at an average price of $12.26 on Fri the 28th. That brings Dunlap’s holdings to $6,505,855 as reported to the SEC.
Here are a few other firms who have also updated their positions. As of the end of the quarter Oregon Public Employees Retirement Fund had bought 2,354 shares growing its stake by 4.4%. The value of the investment in SPN decreased from $757,000 to $579,000 a change of $178,000 quarter to quarter. As of quarter end Weaver C. Barksdale & Associates, Inc. had acquired a total of 185 shares growing its position 33.2%. The value of the company’s investment in Superior Energy Services, Inc. went from $8,000 to $8,000 decreasing 0.0% quarter over quarter.
Creative Planning bolstered its ownership by buying 217,481 shares an increase of 9,994.5% in the quarter. Creative Planning now holds 219,657 shares worth $2,291,000. The value of the position overall is up by 7,290.3%. As of the end of the quarter Gw&k Investment Management, LLC had acquired a total of 115,423 shares growing its holdings by 23.2%. The value of the total investment in Superior Energy Services, Inc. decreased from $7,101,000 to $6,397,000 a change of 9.9% for the reporting period.
On July 12, 2017 the stock rating was changed to a “Equal-Weight” by Barclays down from the previous “Overweight” rating. On June 27 the stock rating was downgraded from “” to “Neutral” in an announcement from Guggenheim.
On June 21 the company was downgraded to “Equal-Weight” from “Overweight” in a report from Morgan Stanley. On December 13, 2016 Gabelli & Co. began coverage with an initial rating of “Buy”.
Equity analyst Goldman Sachs starting coverage on the stock setting a rating of “Neutral”. Citigroup both downgraded the stock and lowered the price target on October 25 cutting the price target from $22.00 to $19.00 and changing the rating from “Buy” to “Neutral”.
The company is now up from yesterday’s close of $10.7. Shares of the company are trading at $11.08 slightly over $10.69, the stock’s 50 day moving average and a tad below the 200 day moving average of $14.36. The 50 day moving average moved up $0.39 and the 200 day average moved down $-3.28.
As of the last earnings report the EPS was $-5.87 and is estimated to be $-1.70 for the current year with 152,831,000 shares presently outstanding. Next quarter’s EPS is estimated at $-0.37 with next year’s EPS anticipated to be $-0.60.
Superior Energy Services, Inc., launched on April 26, 1991, provides a range of services and products to the energy industry related to the exploration, development and production of oil and natural gas. The Business’s segments include Drilling Products and Services; Onshore Completion and Workover Services; Production Services, and Technical Solutions. The Drilling Products and Services segment rents and sells bottom hole assemblies, drill pipe, tubulars and specialized equipment for use with onshore and offshore oil and gas well drilling, completion, production and workover activities. It also provides on-site accommodations and machining services. The Onshore Completion and Workover Services segment provides pressure pumping services used to complete and stimulate production in new oil and gas wells, fluid handling services and well servicing rigs that provide a range of well completion, workover and maintenance services. The Production Services segment provides intervention services, such as coiled tubing, cased hole and mechanical wireline, hydraulic workover and snubbing, production testing and optimization, and remedial pumping services. The Technical Solutions segment provides services typically requiring specialized engineering, manufacturing or project planning, including well containment systems, stimulation and sand control services and well plug and abandonment services. It also includes production handling arrangements and the production and sale of oil and gas..