Superior Energy Services, Inc. (NYSE:SPN) went up to recover about 4.88% since recording its record low price of $1.23. The stock experienced -10.42% slump, arriving at $1.29 on 6/24/2019. During the day, the stock price traveled from $1.28 to $1.49. This company shares are 275.19% off its target price of $4.84 and the current market capitalization stands at $216.53M. The recent change has given its price a -53.95% deficit over SMA 50 and -88.42% deficit over its 52-week high. The stock witnessed -33.85% declines, -70.34% declines and -62.06% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found SPN’s volatility during a week at 12.92% and during a month it has been found around 12.1%.
What Does Superior Energy Services, Inc. (SPN) Do?
The company describes itself in regulatory filings as, “Superior Energy Services, Inc. engages in the provision of oilfield services and equipment. It operates through the following business segments: Drilling Products & Services, Onshore Completion & Workover Services, Production Services and Technical Solutions. The Drilling Products and Services segment provides downhole drilling tools and surface rentals. The Onshore Completion and Workover Services segment offers pressure pumping, fluid management and workover services. The Production Services segment gives intervention services. The Technical Solutions segment involves in the products and services that generally address customer-specific needs with applications, which typically require specialized engineering, manufacturing, or project planning expertise. The company was founded by Terence E. Hall in 1989 and is headquartered in Houston, TX.” [Text can be found here: https://www.marketwatch.com/investing/stock/SPN/profile under company description.]Superior Energy Services, Inc. (SPN) Top Holders
Institutional investors currently hold around $226 million or 0% in SPN stock. Look at its top three institutional owners: Blackrock Inc. owns $36.87 million in Superior Energy Services, Inc., which represents roughly 17.03% of the company’s market cap and approximately 16.32% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 15,362,915 shares of the stock are valued at $22.12 million. The third largest holder is Dimensional Fund Advisors Lp, which currently holds $18.4 million worth of this stock and that ownership represents nearly 8.5% of its market capitalization.
At the end of March reporting period, 117 institutional holders increased their position in Superior Energy Services, Inc. (NYSE:SPN) by some 16,338,152 shares, 94 decreased positions by 22,784,179 and 38 held positions by 118,133,374. That puts total institutional holdings at 157,255,705 shares, according to SEC filings. The stock grabbed 30 new institutional investments totaling 4,982,148 shares while 31 institutional investors sold out their entire positions totaling 4,697,336 shares.Superior Energy Services, Inc. (NYSE:SPN) Insider Trades
Multiple company employees have indulged in significant insider trading. Superior Energy Services, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director FUNK JAMES M has acquired 10,000 shares of Superior Energy Services, Inc. (SPN) in the trading session dated Mar. 11, 2019. These shares are worth $42,900 and were traded at $4.29 each. The SEC filing shows that Kinnear Peter D. performed a purchase of 30,000 shares. The Director added these shares by way of transaction on Dec. 13, 2018. The company’s shares were assimilated at $4.01 per share worth to an investment of some $120,300 to the account of Kinnear Peter D..
Executive Vice President, Moore Brian K, purchased 70,000 common shares of Superior Energy Services, Inc. (SPN) in the open market. In a transaction dated Dec. 13, 2018, the shares were bought at an average price of $4.01, giving away a sum of $280,700. After this purchase, 398,074 common shares of SPN are directly owned by the insider, with total stake valued at $513,515.
In the transaction dated Dec. 12, 2018, a great number of shares acquired came courtesy the Director; Bouillion Harold J added a total of 20,000 shares at an average price of $4.22, amounting to approximately $84,400. The insider now directly owns 110,622 shares worth $142,702.Superior Energy Services, Inc. (SPN) Analyst Guide
Several analysts have released their opinion on Superior Energy Services, Inc. (NYSE:SPN), with 2 analysts believing it is a strong buy. Whereas 14 of them predict the stock is a hold. Also, there are 4 buy, 3 sell and 0 strong sell ratings, collectively assigning a 2.78 average brokerage recommendation [T1].