Today, a Director at Superior Energy (NYSE: SPN), James Funk, bought shares of SPN for $39.85K.
Following this transaction James Funk’s holding in the company was increased by 41.8% to a total of $132.6K. This is Funk’s first transaction since reporting a Buy transaction on RRC back in June 2017
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Based on Superior Energy’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $573 million and GAAP net loss of $21.82 million. In comparison, last year the company earned revenue of $506 million and had a GAAP net loss of $59.05 million. Currently, Superior Energy has an average volume of 1.56M.
Based on 10 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $10.50, reflecting a 35.8% upside. Four different firms, including Seaport Global and Susquehanna, currently also have a Buy rating on the stock.
The insider sentiment on Superior Energy has been positive according to 20 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
James Funk’s trades have generated a 23.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Superior Energy Services, Inc. engages in the provision of oilfield services and equipment. It operates through the following business segments: Drilling Products and Services; Onshore Completion and Workover Services; Production Services; and Technical Solutions. The Drilling Products and Services segment provides downhole drilling tools and surface rentals.
