Today, the EVP, CFO & Treas of Superior Energy (NYSE: SPN), Westervelt Ballard, bought shares of SPN for $30.72K.
This recent transaction increases Westervelt Ballard’s holding in the company by 4.76% to a total of $724.3K.
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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 5.27M.
Based on 9 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $10.67, reflecting a 37.0% upside. Three different firms, including Piper Jaffray and Susquehanna, currently also have a Buy rating on the stock.
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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.
