.jpg "Superior Energy (NYSE: SPN)")
Today, the EVP of Superior Energy (SPN), Brian K. Moore, bought shares of SPN for $280.7K.
Following this transaction Brian K. Moore’s holding in the company was increased by 21.34% to a total of $1.6 million. In addition to Brian K. Moore, 3 other SPN executives reported Buy trades in the last month.
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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 2.77M.
Based on 13 analyst ratings, the analyst consensus is Hold with an average price target of $9.90, reflecting a 152.6% upside. SPN is a controversial stock, with 5 analysts recommending Buy, while 3 recommends selling the stock. Five different firms, including Cowen & Co. and Piper Jaffray, currently also have a Buy rating on the stock.
The insider sentiment on Superior Energy has been positive according to 24 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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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.
