Superior Energy Services, Inc. (NYSE:SPN) stock is currently pricing at roughly $11.73. Our analysis shows that the stock is widely covered by equity research firms, and target prices are revealing. From a summary standpoint, we track the median one-year price target among 27 analysts covering the company at $18.00. That suggests shares of the stock may have another 35 percent to the upside left to run. Of those analysts we surveyed, the highest price target on recordsits at $30.00, which would imply another -56 percent in upside potential. If we look for a little more qualitative data on the range of expectations, we find in analyst notes that the stock has 14 “Buy” ratings in place. At the same time, 6 rate the stock a “strong buy”, suggesting more conviction in the story. As for the doubters, 11 equity research analyst firms call this stock a “Hold” and 0 consider it bad enough to warrant a “Sell” rating.
Analysts at Jefferies took a look at SPN shares in a research note released on Feb 17, 2017, and issued a Hold rating to this company. SunTrust analysts provided their own take on company recently as well. In a research note published on Jan 18, 2017,the house assigned a Hold rating to this stock. According to a piece that hit the wires on Jan 04, 2017, researchers at Credit Suisse reconsidered their prior rating on the stock, and upped it from Neutral Perform to Outperform.
Superior Energy Services, Inc. (SPN) Cap Table Analysis
Breaking down the capitalization table is our next goal. From a bird’s eye view, Executives hold 2.00 percent of the stock.
If we take a more granular look, Mr. Terence E. Hall is one of the largest owners in company capital stock among insiders. According to U.S. Securities and Exchange Commission (SEC) filings, this investor owns 1,073,402 shares, representing a total current market value of roughly $12591005.46. David D. Dunlap is another major player among company insiders, currently holding 485,657 shares as of 0.32%, carrying a current market value of $5696756.61. Brian K. Moore is currently ranked as the number three insider in terms of representation on the cap table for the stock, holding 269,524 shares, valued at around $3161516.52 as of recent close.
We noted a few insider transactions for the stock recently as well.
In a transaction on 2017-04-28, the company’s Executive Vice President Moore Brian K Purchased 30,000 company shares for 362400. That means, once accounting for this transaction, the Executive Vice President is left with a stake of 299,524 shares, carrying a current total market value of $3513417. In addition, by means of a transaction dated 2017-04-28, President and CEO DUNLAP DAVID D purchased 45,000 shares worth $551700. After that transaction, this investor is left with a total holding of 530,657 shares, representing a total investment value of $6224606.61. We also noted a 2015-02-26 transaction in which SPN Senior Executive Vice Pres. Bernard A Patrick sold 37,500 shares at a stock price of $22.09, carrying a total value of $828380, after which, this insider’s investment stands at 109,691 shares, with an overall financial value of $1286675.
Superior Energy Services, Inc. (NYSE:SPN) Earnings View
In the company’s last quarter, SPN EPS moved to $-0.59 from $-0.74 compared sequentially with the prior quarter. Revenues for the company came in at $400.94MM. This stacks up against $354.42MM, on a sequential basis.
How does this compare with bottom and top-line expectations? Well, according to what we could find, analysts had been looking for the company to post net income of about $-0.61 per share on $386.43MM in revenue. That sets up an interesting next quarter report card. We would note that analysts seem to be projecting earnings, on average, for this quarter in the range of $-0.57 to $-0.45. On a year-over-year basis, that compares with an EPS comp of $-0.53.