Superior Energy Services (SPN) Scheduled to Post Earnings on Monday

Marco Green
April 17, 2018

The established trader's sentiment toward the stock has created a trading environment which can appropriately be designated as optimistic. About 2.22M shares traded. The Home Depot, Inc. (NYSE:GPI) has declined 13.27% since April 16, 2017 and is downtrending.

A number of analysts recently issued reports on SPN shares.

Superior Energy Services, Inc. traded 2222208 shares at hands versus to its average volume of 3507.68K shares. The Rmb Capital Management Llc holds 600,747 shares with $5.79 million value, down from 670,861 last quarter.

Technical Analysis: The Company has the market capitalization of $1.48B.

The stock decreased 0.91% or $0.09 during the last trading session, reaching $9.26. Parallax Volatility Advisers Lp holds 0% of its portfolio in Superior Energy Services, Inc. It has underperformed by 46.46% the S&P500. It also upped Ligand Pharmaceuticals Inc (NASDAQ:LGND) stake by 4,681 shares and now owns 76,094 shares.

Since December 7, 2017, it had 2 insider purchases, and 5 insider sales for $36.57 million activity. (NYSE:HD) shares were bought by BRENNEMAN GREGORY D. It worsened, as 39 investors sold CTAS shares while 185 reduced holdings. Group 1 Automotive, Inc. (NYSE:GPI) was sold by odd J TERRY. $1.19M worth of The Home Depot, Inc.

Analysts await Group 1 Automotive, Inc. (NYSE:GPI) to report earnings on April, 27. The company's quarterly revenue was up 40.2% on a year-over-year basis. analysts expect that Superior Energy Services will post -0.83 EPS for the current year. After $1.69 actual EPS reported by The Home Depot, Inc. for the previous quarter, Wall Street now forecasts 23.08% EPS growth.

Among 34 analysts covering The Home Depot Inc. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the company. Cintas had 48 analyst reports since August 14, 2015 according to SRatingsIntel. If the indicator travels under -80, this may signal that the stock is oversold. As per Tuesday, August 18, the company rating was maintained by Goldman Sachs. The stock of The Home Depot, Inc. (NYSE:HD) has "Buy" rating given on Tuesday, January 30 by Guggenheim.

"The action was well-received ... and that's giving a chance for investors to focus on macro news and earnings", said Peter Cardillo, chief market economist at Spartan Capital Securities in NY. A rating of 1 or 2 would be indicating a Buy recommendation. As per Wednesday, August 19, the company rating was maintained by S&P Research. It is negative, as 51 investors sold HD shares while 662 reduced holdings. New York State Teachers Retirement Sys owns 215,635 shares or 0% of their USA portfolio. The Illinois-based Sg Capital Management Llc has invested 0.72% in the stock. Kcm Inv Advsrs Ltd owns 4,448 shares or 0.04% of their United States portfolio. Warren Averett Asset Mgmt Limited owns 6,911 shares. $401,362 worth of Group 1 Automotive, Inc. Goodman Corp reported 52,397 shares. The company has market cap of $1.43 billion.

Shares of Superior Energy Services (NYSE:SPN) have seen the needle move 0.43% in the most recent session. During the same period past year, the firm earned ($0.74) EPS. Therefore 45% are positive.

Covalent Partners Llc holds 7.95% of its portfolio in Superior Energy Services, Inc. for 973,154 shares. The Company's segments include Drilling Products and Services, which rents and sells bottom hole assemblies, drill pipe, tubulars and specialized equipment for use with onshore and offshore oil and gas well drilling, production and workover activities; Onshore Completion and Workover Services, which provides pressure pumping services used to complete and stimulate production in new oil and gas wells, fluid handling services and well servicing rigs that provide a range of well completion and maintenance services; Production Services, which provides intervention services, such as coiled tubing, cased hole and mechanical wireline, hydraulic workover and snubbing, and remedial pumping services, and Technical Solutions, which provides services requiring specialized engineering, manufacturing or project planning. (NYSE:GPI) has "Hold" rating given on Wednesday, March 9 by Evercore. The firm has "Neutral" rating by Citigroup given on Tuesday, October 25. The company was initiated on Wednesday, December 9 by Susquehanna. The company was upgraded on Monday, November 30 by Guggenheim. Scotia Capital downgraded the shares of SPN in report on Thursday, January 11 to "Hold" rating.

Investors sentiment decreased to 0.99 in Q4 2017. Its down 0.09, from 1.02 in 2017Q3. 44 funds opened positions while 50 raised stakes.

Shares of optical components makers Acacia Communications, Oclaro, Lumentum and Finisar took a beating after Reuters reported that the US government was banning American companies from selling components to Chinese telecom equipment maker ZTE Corp 0000063.SZ (0763.HK). Louisiana State Employees Retirement System reported 0.02% in Superior Energy Services, Inc. (NYSE:SPN) for 299,744 shares. The short interest to Superior Energy Services Inc's float is 8.5%. Moreover, Private Asset has 0.16% invested in Superior Energy Services, Inc. BMO Capital Markets maintained Superior Energy Services, Inc. (NYSE:SPN). Ls Investment accumulated 0.01% or 10,147 shares. Citadel Advsrs stated it has 592,951 shares. Smith Graham And Comm Invest Advisors Ltd Partnership reported 120,938 shares. Canada Pension Plan Invest Board holds 0.01% or 280,000 shares. (NYSE:SPN). Raymond James & Assoc reported 136,516 shares stake. In this regard, investors will need to grasp concrete information regarding the trends of the stock market.

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