Superior Energy (SPN) Receives Downgrade From JPMorgan. Will Other Analysts Follow Suit?

Superior Energy Services, Inc. (NYSE:SPN) Logo

Investors sentiment decreased to 0.91 in 2018 Q3. Its down 0.15, from 1.06 in 2018Q2. It is negative, as 34 investors sold Superior Energy Services, Inc. shares while 68 reduced holdings. 31 funds opened positions while 62 raised stakes. 150.97 million shares or 3.41% less from 156.31 million shares in 2018Q2 were reported.

Sei Invests Communications reported 10,340 shares or 0% of all its holdings. Renaissance Technology Ltd Com has invested 0% in Superior Energy Services, Inc. (NYSE:SPN). Ls Invest Advisors Ltd Llc holds 0% of its portfolio in Superior Energy Services, Inc. (NYSE:SPN) for 8,593 shares. Barclays Public Ltd Co invested in 360,488 shares. Trexquant Invest Ltd Partnership holds 0.09% or 120,980 shares. 1.31 million were reported by Neuberger Berman Gp Ltd. Oakbrook Invs Ltd Liability Co reported 0.01% of its portfolio in Superior Energy Services, Inc. (NYSE:SPN). Huntington Bancorp invested in 115 shares or 0% of the stock. 15,932 were reported by First Hawaiian Commercial Bank. State Treasurer State Of Michigan holds 57,200 shares. Moreover, Opportunities Mgmt has 2.53% invested in Superior Energy Services, Inc. (NYSE:SPN) for 335,781 shares. Manufacturers Life Insurance Company The holds 352,274 shares. Fine Prns L P owns 2.32 million shares for 2.86% of their portfolio. Tygh Cap Management reported 319,676 shares. Endurance Wealth Management reported 0.01% of its portfolio in Superior Energy Services, Inc. (NYSE:SPN).

Since October 24, 2018, it had 2 insider buys, and 0 selling transactions for $70,604 activity. Another trade for 5,000 shares valued at $39,875 was made by FUNK JAMES M on Thursday, November 1.

Superior Energy (SPN) Receives a Downgrade

The old rating for Superior Energy (SPN) shares of a Neutral has been discontinued, as analysts at JPMorgan cut the current rating for Superior Energy (SPN) shares to a Underweight.

The stock decreased 4.11% or $0.17 during the last trading session, reaching $3.97. About 4.62M shares traded or 14.85% up from the average. Superior Energy Services, Inc. (SPN) has declined 54.90% since December 12, 2017 and is downtrending. It has underperformed by 54.90% the S&P500.

Analysts await Superior Energy Services, Inc. (NYSE:SPN) to report earnings on February, 18. They expect $-0.24 earnings per share, up 27.27 % or $0.09 from last year’s $-0.33 per share. After $-0.14 actual earnings per share reported by Superior Energy Services, Inc. for the previous quarter, Wall Street now forecasts 71.43 % negative EPS growth.

Superior Energy Services, Inc. provides specialized oilfield services and equipment to natural gas and crude oil exploration and production companies in the United States, the Gulf of Mexico, and internationally. The company has market cap of $613.48 million. It operates through four divisions: Drilling Products and Services; Onshore Completion and Workover Services; Production Services; and Technical Solutions. It currently has negative earnings. The Drilling Products and Services segment rents tubulars, including primary drill pipe strings, tubing landing strings, completion tubulars, and associated accessories; and makes and rents bottom hole tools, such as stabilizers, non-magnetic drill collars, and hole openers, as well as rents temporary onshore and offshore accommodation modules and accessories.

More news for Superior Energy Services, Inc. (NYSE:SPN) were recently published by: 247Wallst.com, which released: “Weatherford, Nabors Slide into Monday’s 52-Week Low Club – 24/7 Wall St.” on December 03, 2018. Seekingalpha.com‘s article titled: “Nine Energy Service Grows Through Innovative Offerings – Seeking Alpha” and published on December 10, 2018 is yet another important article.

Superior Energy Services, Inc. (NYSE:SPN) Institutional Positions Chart

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