Superior Energy Services (NYSE:SPN) received a $1.00 target price from equities researchers at Citigroup in a research report issued to clients and investors on Friday, TipRanks reports. The firm currently has a “buy” rating on the oil and gas company’s stock. Citigroup‘s price target indicates a potential upside of 26.58% from the company’s current price.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. initiated coverage on shares of INTL CONS AIRL/S in a report on Tuesday, June 4th. They set an “overweight” rating for the company. Raymond James set a $8.00 price objective on shares of Superior Energy Services and gave the stock a “buy” rating in a report on Wednesday, April 17th. Morgan Stanley set a $207.00 price objective on shares of Alibaba Group and gave the stock a “buy” rating in a report on Friday, July 12th. Scotiabank downgraded shares of Superior Energy Services from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, June 5th. Finally, Bank of America reissued an “underperform” rating and issued a $1.25 price target (down from $4.50) on shares of Superior Energy Services in a research note on Tuesday, June 25th. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the company. Superior Energy Services presently has an average rating of “Hold” and a consensus price target of $5.53.

NYSE SPN opened at $0.79 on Friday. Superior Energy Services has a 52-week low of $0.76 and a 52-week high of $11.14. The company has a debt-to-equity ratio of 7.56, a current ratio of 2.48 and a quick ratio of 2.07. The company has a market cap of $128.73 million, a P/E ratio of -0.88 and a beta of 2.31. The stock’s fifty day moving average is $1.25.

Superior Energy Services (NYSE:SPN) last posted its quarterly earnings data on Tuesday, July 23rd. The oil and gas company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.06). Superior Energy Services had a negative return on equity of 33.30% and a negative net margin of 44.19%. The company had revenue of $436.32 million for the quarter, compared to the consensus estimate of $466.52 million. During the same period in the prior year, the firm posted ($0.16) earnings per share. As a group, sell-side analysts predict that Superior Energy Services will post -0.94 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the business. Arizona State Retirement System increased its position in shares of Superior Energy Services by 1.1% in the first quarter. Arizona State Retirement System now owns 240,546 shares of the oil and gas company’s stock valued at $1,123,000 after acquiring an additional 2,572 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Superior Energy Services by 2.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 211,593 shares of the oil and gas company’s stock valued at $709,000 after buying an additional 4,509 shares during the period. Oppenheimer Asset Management Inc. increased its position in shares of Superior Energy Services by 15.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 35,289 shares of the oil and gas company’s stock valued at $165,000 after buying an additional 4,616 shares during the period. Texas Permanent School Fund increased its position in shares of Superior Energy Services by 4.7% during the first quarter. Texas Permanent School Fund now owns 105,875 shares of the oil and gas company’s stock valued at $494,000 after buying an additional 4,752 shares during the period. Finally, Comerica Bank increased its position in shares of Superior Energy Services by 3.2% during the first quarter. Comerica Bank now owns 157,186 shares of the oil and gas company’s stock valued at $789,000 after buying an additional 4,904 shares during the period. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Superior Energy Services Company Profile

Superior Energy Services, Inc provides oilfield services and equipment to oil and natural gas exploration and production companies in the United States, the Gulf of Mexico, and internationally. The company operates in four segments: Drilling Products and Services, Onshore Completion and Workover Services, Production Services, and Technical Solutions.

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Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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