Superior Energy Services, Inc. (SPN) Sees Significant Increase in Short Interest

Superior Energy Services, Inc. (SPN) Sees Significant Increase in Short Interest

It has underperformed by 8.64% the S&P500. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Northwestern Mutual Investment Management Company LLC now owns 26,338 shares of the oil and gas company's stock valued at $376,000 after buying an additional 187 shares in the last quarter. Aptargroup Inc now has $5.37 billion valuation. We think the increased volume is representative of buyers as it has displayed in many other cases. If we take a long term observation, shares have been trading at a distance of -21.90% from the 200-day moving average. (NYSE:ATR) has risen 10.03% since June 12, 2016 and is uptrending. It has underperformed by 16.70% the S&P500. Its down 0.08, from 1 in 2016Q3. (NYSE:SPN) or 77 shares. 46 funds opened positions while 87 raised stakes. Moreover, Oxbow Advisors Llc has 2.03% invested in the company for 1.22 million shares. The oil and gas company reported ($0.59) earnings per share for the quarter, topping the consensus estimate of ($0.61) by $0.02. Gotham Asset Mgmt Limited Liability owns 60,224 shares. Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering. Goldman Sachs initiated Superior Energy Services, Inc. (NYSE:SPN) on Monday, January 11 to "Outperform" rating. Ftb Advsr Inc holds 0% in Superior Energy Services, Inc.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. First Tru Advsr Limited Partnership holds 0% or 81,347 shares. Superior Energy Services, Inc. has a 12-month low of $9.80 and a 12-month high of $19.80.

Superior Energy Services (NYSE:SPN) last announced its quarterly earnings data on Tuesday, April 25th. (NYSE:SPN). 15,382 are owned by Qs Invsts Ltd Liability. Gmt owns 0.1% invested in Superior Energy Services, Inc. Envestnet Asset Mgmt invested 0% of its portfolio in Superior Energy Services, Inc. Jefferies maintained the shares of SPN in report on Wednesday, July 27 with "Buy" rating.

Media headlines about Superior Energy Services (NYSE:SPN) have trended somewhat positive on Tuesday, Alpha One Sentiment reports. Therefore 52% are positive. Superior Energy Services presently has an average rating of "Buy" and a consensus price target of $19.37. The stock's price is 17.57 and their relative strength index (RSI) stands at 39.90. Superior Energy Services had 80 analyst reports since August 3, 2015 according to SRatingsIntel.

Among 3 analysts covering GP Strategies (NYSE:GPX), 2 have Buy rating, 0 Sell and 1 Hold. The firm has "Focus Stock" rating by Howard Weil given on Monday, August 3. The analysts estimated EPS for the higher end at -0.45 and lower end at -0.57 while the year ago reported earnings per share was -0.41.

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10/26/2016 - Superior Energy Services, Inc. was downgraded to " by analysts at Scotiabank. (NYSE:SPN) earned "Buy" rating by Citigroup on Wednesday, July 13. While some investors use a particular analyst's stock ratings as guidance, it is important to consider the criteria which they use to determine fair value, since the techniques they use are varied and not all analysts are equally competent. (SPN) closed business day at $10.58 with 6.98%. The market capitalization of the company is at $1.65 Billion. The rating was maintained by Morgan Stanley with "Overweight" on Tuesday, April 19. A negative reading would indicate that the stock is down over that same time period. Blackrock Group Inc Ltd reported 0% in GP Strategies Corp (NYSE:GPX). Wells Fargo upgraded Superior Energy Services, Inc. (NYSE:SPN) for 291,730 shares. (SPN) now has P/E (Price to Earnings) ratio of 0 while the company's industry has 28.07 P/E and the sector P/E is 16.58.

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Superior Energy Services, Inc. the EPS stands at -0.59 for the previous quarter, while the analysts predicted the EPS of the stock to be -0.61, suggesting the stock exceeded the analysts' expectations.

Since February 7, 2017, it had 1 insider buy, and 2 selling transactions for $732,394 activity. 50,000 shares were sold by Saint-Leger Ursula, worth $4.09M on Thursday, May 18.

The counter witnessed a trading volume of 4.76 million shares versus an average volume of 4.54 million shares during last trading session.

Support is likely to come between $1.28 a share to $1.02 a share level. The shares were acquired at an average price of $12.26 per share, for a total transaction of $551,700.00.

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