Penn Capital Management Co. Inc. Purchases 81,452 Shares of Superior Energy Services, Inc. (SPN)

Penn Capital Management Co. Inc. grew its position in shares of Superior Energy Services, Inc. (NYSE:SPN) by 9.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 979,070 shares of the oil and gas company’s stock after purchasing an additional 81,452 shares during the quarter. Penn Capital Management Co. Inc. owned approximately 0.64% of Superior Energy Services worth $10,247,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Superior Energy Services by 10,301.4% during the 1st quarter. BlackRock Inc. now owns 23,424,814 shares of the oil and gas company’s stock valued at $334,036,000 after purchasing an additional 23,199,606 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Superior Energy Services by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 12,565,360 shares of the oil and gas company’s stock valued at $179,182,000 after purchasing an additional 559,398 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Superior Energy Services by 20.7% during the 2nd quarter. Victory Capital Management Inc. now owns 11,290,645 shares of the oil and gas company’s stock valued at $117,761,000 after purchasing an additional 1,933,360 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Superior Energy Services by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,176,984 shares of the oil and gas company’s stock valued at $88,080,000 after purchasing an additional 207,182 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Superior Energy Services by 14.4% during the 2nd quarter. Franklin Resources Inc. now owns 5,414,205 shares of the oil and gas company’s stock valued at $56,470,000 after purchasing an additional 682,774 shares in the last quarter.

Superior Energy Services, Inc. (SPN) traded down 2.239% during midday trading on Thursday, hitting $10.695. 387,011 shares of the stock were exchanged. The firm has a 50-day moving average price of $9.17 and a 200-day moving average price of $11.23. The stock’s market cap is $1.64 billion. Superior Energy Services, Inc. has a one year low of $7.91 and a one year high of $19.39.

Superior Energy Services (NYSE:SPN) last posted its quarterly earnings data on Tuesday, July 25th. The oil and gas company reported ($0.41) EPS for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.07. The firm had revenue of $470.07 million during the quarter, compared to analysts’ expectations of $465.75 million. Superior Energy Services had a negative return on equity of 28.82% and a negative net margin of 31.24%. The firm’s quarterly revenue was up 31.9% compared to the same quarter last year. During the same quarter last year, the business posted ($3.09) EPS. On average, equities research analysts anticipate that Superior Energy Services, Inc. will post ($1.57) EPS for the current fiscal year.

Several equities analysts have recently weighed in on SPN shares. Loop Capital reaffirmed a “buy” rating on shares of Superior Energy Services in a report on Monday, July 3rd. Piper Jaffray Companies set a $15.00 target price on shares of Superior Energy Services and gave the company a “buy” rating in a report on Tuesday, July 25th. Deutsche Bank AG reaffirmed a “buy” rating and set a $15.00 target price (down from $22.00) on shares of Superior Energy Services in a report on Thursday, July 27th. Scotiabank set a $22.00 target price on shares of Superior Energy Services and gave the company a “buy” rating in a report on Thursday, July 27th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $14.00 target price (down from $30.00) on shares of Superior Energy Services in a report on Wednesday, June 21st. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company. Superior Energy Services presently has an average rating of “Hold” and an average target price of $16.33.

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Superior Energy Services Profile

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

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