Superior Energy Services, Inc. (NYSE:SPN) announced that it will release its third quarter 2016 results on Monday, October 24, 2016 after the market closes. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the Internet, on Tuesday, October 25, 2016 at 11:00 a.m. Eastern time. Investors may participate either by phone or audio webcast.
Superior Energy Equity Analysis
Superior Energy Services, Inc. (NYSE:SPN) opened trading today as $17.00 and is trading in the range of 15.76-17.22 today. Superior Energy’s current market cap stands at $2.58 Billion.
Superior Energy is currently covered by 29 Wall Street analysts. The mean target price is $19.58 according to First Call. This presents a solid upside to the current price of the equity. The Mean Recommendation sits at 2.0 which is based on 9 Strong Buy 12 Buy and 8 Hold ratings.
The most recent analyst actions consisted of Imperial Capital upgrading the stock on July 15th.
The current quarter EPS consensus estimate is -0.57 with revenue estimates of 356.19M. Sales are expected to drop at a 40.80% rate. Superior Energy reported actual earnings last quarter of -0.53 which beats the -0.58 consensus estimate, a 8.60% surprise.
Superior Energy Services, Inc. provides a range of services and products to the energy industry related to the exploration, development and production of oil and natural gas. The Company’s segments include Drilling Products and Services, which rents and sells bottom hole assemblies, drill pipe, tubulars and specialized equipment for use with onshore and offshore oil and gas well drilling, production and workover activities; Onshore Completion and Workover Services, which 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 and maintenance services; Production Services, which provides intervention services, such as coiled tubing, cased hole and mechanical wireline, hydraulic workover and snubbing, and remedial pumping services, and Technical Solutions, which provides services requiring specialized engineering, manufacturing or project planning.