Superior Energy Services, Inc. (NYSE:SPN) soared 0.30% during previous trade, a total of 5.13M shares exchanged hands compared with its average trading volume of 3.13M shares whereas its relative volume is 1.72. The stock has a market capitalization of $2.47B along with 151.72M outstanding shares. Stock’s intraday price range hit the peak level of $16.83 and touched the lowest level of $16.25.
Most recently Superior Energy Services, Inc. (NYSE:SPN)’s price target was revised on 2/22/17 and according to 25 analysts stock’s price will reach at $20.40 during 52 weeks with standard deviation of 3.73. Stock’s minimum price target estimates has been figured out at $14 while the maximum price target forecast is established at $30, if we look at the price target with an optimistic approach it has upside potential of 83% from its latest closing price of $16.47.
Historically, if we look at price target revisions, one week ago Superior Energy Services, Inc. (NYSE:SPN)’s price target was revised on 1/31/17 by the analysts, however the bullish price estimates of the stock set at $30 while the bearish estimates kept at $14 over the next one year. Stock’s 52-week target was retained at $20.50, the estimates indicates a standard deviation of 3.72.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 1.59. ABR value is precisely based on brokerage recommendations, where out of 17 brokerage recommendations 12 rate Superior Energy Services, Inc. (NYSE:SPN) stock a Strong Buy, 0 rate the stocks of the company a Buy,5 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. Most recently on 2/17/17 the stock of Superior Energy Services, Inc. (NYSE:SPN) downgraded by Jefferies from Buy to Hold. However previously on 1/4/17 it was upgraded by Credit Suisse from Neutral to Outperform. A research note issued on 10/26/16 the stock was downgraded by Scotia Howard Weil from Focus Stock to Sector Outperform.
Superior Energy Services, Inc. (NYSE:SPN) performance over the past one year soared 79.61% whereas its year to date (YTD) performance indicated a bearish trend of -2.43%. During the last six months the stock slipped -8.50%. Quarterly performance of the company shows optimistic momentum of 1.79% while its last one month trend is negative with -5.02%. Stock’s weekly performance expressed down trend of -7.42%.
The company’s price sits -6.48% below from its 50-day moving average of $17.83 and -3.42% away from the stock’s 200-day moving average which is $16.93. Superior Energy Services, Inc. (NYSE:SPN)’s shares are currently trading -16.94% away from the 52-week high price of $19.83 and +99.64% far from the 52-week low price of $8.25.
According to consensus agreement of 25 analysts Superior Energy Services, Inc. (NYSE:SPN) will report earnings per share of $-0.6 in their quarterly report and it is expected to announce the company’s results on 4/27/17. For the current quarter the company has high EPS estimates of $-0.49 in contradiction of low EPS estimates of $-0.73. However a year ago for the same quarter the company has reported $-0.49 EPS. Current year EPS projections for Superior Energy Services, Inc. (NYSE:SPN) set at $-1.75 according to the sentiments of 31 analysts, while its lowest earnings estimates are $-2.48 and highest earnings estimates are $-1.15.
According to 18 analysts, Superior Energy Services, Inc. (NYSE:SPN)’s revenue estimates for the current quarter are $377.07M meanwhile the company has high revenue estimates of $433M in contradiction of low revenue estimates of $335M. For the current year the company’s revenue estimates are $1.78B compared to low analyst estimates of $1.5B and high estimates of $2.15B according to the projection of 27 analysts.