Western Digital Corp (NASDAQ:WDC), Superior Energy Services, Inc. (NYSE:SPN)

Andrew Cummings
June 17, 2017

Beta is also an important valuation ratio for analyzing the stock of the company, SPN has Beta of 2.03 while its industry and Sector's beta remains at 0.98 and 0.79 respectively.

Other hedge funds have also recently made changes to their positions in the company. So is with Superior Energy Services, Inc.

Over the last quarter, shares have performed -22.24%. In our current pick, Superior Energy Services, Inc. The company had Year Ago Sales of 356.27 Million. Washington Trust Bank raised its position in shares of Superior Energy Services by 17.7% in the first quarter. The stock has a consensus rating of "Hold" and an average price target of $19.37. Finally, Jane Street Group LLC purchased a new stake in shares of Superior Energy Services during the first quarter worth approximately $170,000.

This stock is ahead of its 52-week low with +110.85%. The last session's volume of 4.22 million shares was higher than its average volume of 3.66 million shares. (SPN) traded up 3.07% during mid-day trading on Friday, hitting $10.42.

The counter witnessed a trading volume of 0.75 million shares versus an average volume of 0.85 million shares during last trading session. The firm's 50 day moving average price is $11.10 and its 200 day moving average price is $14.89. For the current year the company's revenue estimates are $1.91 Billion compared to low analyst estimates of $1.82 Billion and high estimates of $2.06 Billion according to the prediction of 24 analysts.

With these kinds of figures it is worthy to note that Superior Energy Services, Inc. Investors acquired 14,823 put options on the stock.

On the last trading day, Superior Energy Services, Inc. The oil and gas company reported ($0.59) earnings per share for the quarter, beating analysts' consensus estimates of ($0.61) by $0.02.

While having a peek at profitability ratios Superior Energy Services (NYSE:SPN) has trailing twelve month gross margin at 19.3%, its trailing twelve month operating margin stands at -71.6% whereas its trailing twelve month net profit margin spots at -62%. The business had revenue of $400.94 million for the quarter, compared to analysts' expectations of $388.26 million. During the same period in the prior year, the firm posted ($0.49) earnings per share. TAHO share have plunged by -10.72% in percentage terms since the start of the year - and retreated -10.25% in the last month. Analysts anticipate that Superior Energy Services will post ($1.73) EPS for the current fiscal year.

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If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, SPN earned gross profit of 1.82 Billion, in 2015 908.75 Million gross profit, while in 2016 Superior Energy Services, Inc.

A number of research analysts recently commented on the company. Finally, Instinet reissued a "neutral" rating and set a $13.00 target price (down from $15.00) on shares of Superior Energy Services in a research report on Saturday, April 29th. Tudor Pickering initiated coverage on Superior Energy Services in a research note on Thursday, March 23rd. They set a "hold" rating on the stock.

Zacks offers analysts with an Average Broker Rating (or ABR), basing it on sell-side recommendations. Out of the analyst recommendations 8 rate Superior Energy Services (NYSE:SPN) stock a Buy, 11 rate the stock Outperform, 11 rate Hold, 0 rate Underperform and 0 recommend a Sell.

In other news, insider David D. Dunlap bought 45,000 shares of the stock in a transaction on Friday, April 28th. The shares were purchased at an average cost of $12.26 per share, with a total value of $551,700.00. Following the completion of the acquisition, the insider now owns 530,657 shares in the company, valued at approximately $6,505,854.82.

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