The shares of Superior Energy Services, Inc. (NYSE:SPN) has been pegged with a rating of Neutral by Susquehanna in its latest research note that was published on July 10th, 2019. The research company has also assigned a $1.50 price target. Susquehanna wasn’t the only research firm that published a report of Superior Energy Services, Inc., with other equities research analysts also giving their opinion on the stock. BofA/Merrill advised investors in its research note published on June 25th, 2019, to Underperform the SPN stock while also putting a $1.25 price target. The stock had earned Neutral rating from JP Morgan when it published its report on June 4th, 2019. The stock was given Underweight rating by Barclays in its report released on May 20th, 2019, the day when the price target on the stock was placed at $2. Gabelli & Co was of a view that SPN is Hold in its latest report on April 25th, 2019 while giving it a price target of $8. Jefferies thinks that SPN is worth Hold rating. This was contained in the firm’s report on March 15th, 2019 in which the stock’s price target was also moved to $4.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 16 believe it has the potential for further growth, thus rating it as Hold while 1 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $2.31. The price of the stock the last time has raised by 12.80% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 37.33.
The shares of the company added by 0.76% during the trading session on Thursday, reaching a low of $0.454 while ending the day at $0.47. During the trading session, a total of 1.52 million shares were traded which represents a 63.28% incline from the average session volume which is 4.13M shares. SPN had ended its last session trading at 0.47. Superior Energy Services, Inc. currently has a market cap of $74.08M while its P/E earnings growth sits at 0.04, with a beta of 2.52. Superior Energy Services, Inc. debt-to-equity ratio currently stands at 0.00, while its quick ratio hovers at 2.10. SPN 52-week low price stands at $0.42 while its 52-week high price is $11.14.
The company in its last quarterly report recorded -$0.29 earnings per share which is below the -$0.23 predicted by most analysts. The Superior Energy Services, Inc. generated $436.32 million in revenue during the last quarter, which is slightly lower than the $466.82 million predicted by analysts. In the second quarter last year, the firm recorded -$0.31 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -6.9%. Superior Energy Services, Inc. has the potential to record -5.73 EPS for the current fiscal year, according to equities analysts.
BofA/Merrill also rated EBR as Reiterated on June 25th, 2019, with its price target of $1.25 suggesting that EBR could down by -358.8% from its current share price. Even though the stock has been trading at $11.04/share, analysts expect it to surge higher by 3.89% to reach $2.50/share. It started the day trading at $11.58 and traded between $10.89 and $11.47 throughout the trading session.
A look at its technical shows that EBR’s 50-day SMA is 9.93 while its 200-day SMA stands at 8.65. At the moment, only of Centrais Eletricas Brasileiras S.A. – Eletrobras shares were sold short. The company’s average trading volume currently stands at 359.40K shares, which means that the short-interest ratio is just 1.17 days. Over the past seven days, the company moved, with its shift of 14.81%. Looking further, the stock has raised 42.13% over the past 90 days while it gained 14.36% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Arrowstreet Capital LP sold more EBR shares, decreasing its portfolio by -16.26% during the last quarter. This move now sees Arrowstreet Capital LP selling -243,274 shares in the last quarter, thus it now holds 1,252,476 shares of EBR, with a total valuation of $12,850,404. The Vanguard Group Inc meanwhile sold more EBR shares in the recently filed quarter, changing its stake to $12,650,129 worth of shares. Renaissance Technologies LLC followed the path by increasing its EBR portfolio by +76.50% in the quarter. This means that Renaissance Technologies LLC bought 322,900 shares in the last quarter and now controls 745,000 shares of the EBR stock, with the valuation hitting $7,643,700.
Similarly, SSgA Funds Management Inc decreased its Centrais Eletricas Brasileiras S.A. – Eletrobras shares by -1.72% during the recently filed quarter. After selling -9,361 shares in the last quarter, the firm now controls 536,432 shares of Centrais Eletricas Brasileiras S.A. – Eletrobras which are valued at $5,503,792. In the same vein, BlackRock Fund Advisors increased its Centrais Eletricas Brasileiras S.A. – Eletrobras shares by during the most recent reported quarter. The firm bought 43,417 shares during the quarter which increased its stakes to 519,066 shares and is now valued at $5,325,617. Following these latest developments, around of Centrais Eletricas Brasileiras S.A. – Eletrobras stocks are owned by institutional investors and hedge funds.