Great West Life Assurance Co. Can maintained its stake in Superior Energy Services Inc. (NYSE:SPN) during the third quarter, Holdings Channel reports. The institutional investor owned 93,020 shares of the company’s stock at the end of the third quarter. Great West Life Assurance Co. Can owned 0.06% of Superior Energy Services worth $1,665,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Washington Trust Bank raised its stake in Superior Energy Services by 0.3% in the third quarter. Washington Trust Bank now owns 9,832 shares of the company’s stock valued at $176,000 after buying an additional 32 shares during the last quarter. IBM Retirement Fund raised its stake in Superior Energy Services by 1.4% in the second quarter. IBM Retirement Fund now owns 15,179 shares of the company’s stock valued at $279,000 after buying an additional 211 shares during the last quarter. IndexIQ Advisors LLC raised its stake in Superior Energy Services by 5.3% in the second quarter. IndexIQ Advisors LLC now owns 5,846 shares of the company’s stock valued at $108,000 after buying an additional 293 shares during the last quarter. State Treasurer State of Michigan raised its stake in Superior Energy Services by 0.7% in the second quarter. State Treasurer State of Michigan now owns 60,800 shares of the company’s stock valued at $1,119,000 after buying an additional 400 shares during the last quarter. Finally, Utah Retirement Systems raised its stake in Superior Energy Services by 1.9% in the second quarter. Utah Retirement Systems now owns 27,379 shares of the company’s stock valued at $504,000 after buying an additional 500 shares during the last quarter.

Institutional Ownership by Quarter for Superior Energy Services (NYSE:SPN)

Shares of Superior Energy Services Inc. (NYSE:SPN) traded up 18.65% during trading on Wednesday, reaching $17.24. 7,186,391 shares of the company’s stock traded hands. The stock has a 50-day moving average of $16.01 and a 200-day moving average of $16.87. The company’s market capitalization is $2.62 billion. Superior Energy Services Inc. has a 1-year low of $8.25 and a 1-year high of $19.83.

Superior Energy Services (NYSE:SPN) last posted its quarterly earnings data on Monday, October 24th. The company reported ($0.73) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.57) by $0.16. The firm earned $326.23 million during the quarter, compared to analyst estimates of $356.73 million. Superior Energy Services had a negative net margin of 55.65% and a negative return on equity of 17.51%. The business’s quarterly revenue was down 45.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.46) EPS. On average, equities analysts predict that Superior Energy Services Inc. will post ($2.50) EPS for the current fiscal year.

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Several equities research analysts have recently issued reports on SPN shares. Deutsche Bank AG lowered their target price on shares of Superior Energy Services from $24.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, October 26th. Jefferies Group set a $22.00 target price on shares of Superior Energy Services and gave the stock a “buy” rating in a research note on Tuesday, October 18th. Zacks Investment Research lowered shares of Superior Energy Services from a “hold” rating to a “sell” rating in a research note on Wednesday, October 19th. Nomura set a $15.00 target price on shares of Superior Energy Services and gave the stock a “hold” rating in a research note on Tuesday, August 16th. Finally, Scotiabank reissued a “sector outperform” rating and set a $20.00 target price (down from $25.00) on shares of Superior Energy Services in a research note on Wednesday, October 26th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $16.37.

Superior Energy Services Company Profile

5 Day Chart for NYSE:SPN

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