Superior Energy Services has a 5 year average dividend yield of 0.89% The 5 year historical dividend growth of Superior Energy Services(SPN) is at the rate of -28.01% while the R-Squared dividend growth is 0.48. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.
Superior Energy Services, Inc. (NYSE:SPN) witnessed a decline in the market cap on Thursday as its shares dropped 3.82% or 0.68 points. After the session commenced at $17.82, the stock reached the higher end at $17.89 while it hit a low of $17.07. With the volume soaring to 2,702,689 shares, the last trade was called at $17.11. The company has a 52-week high of $19.83. The company has a market cap of $2,596 million and there are 151,741,330 shares in outstanding. The 52-week low of the share price is $8.25. Superior Energy Services, Inc. has lost 4.09% in the last five trading days and dropped 5.1% in the last 4 weeks. Superior Energy Services, Inc. is up 6.01% in the last 3-month period. Year-to-Date the stock performance stands at 1.36%.
Currently the company Insiders own 2.91% of Superior Energy Services, Inc. shares according to the proxy statements. Company has reported several Insider transactions to the SEC, on Feb 27, 2015, A Patrick Bernard (Senior Executive Vice Pres.) sold 37,500 shares at 22.09 per share price.On Feb 27, 2015, Lynton G Iii Cook (Executive Vice President) sold 28,029 shares at 22.18 per share price.On Feb 25, 2015, Danny R Young (Executive Vice President) sold 37,500 shares at 21.38 per share price.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Superior Energy Services was Initiated by SunTrust to Hold on Jan 18, 2017. Superior Energy Services was Upgraded by Credit Suisse to Outperform on Jan 4, 2017. Superior Energy Services was Initiated by Gabelli & Co on Dec 13, 2016 to Buy, Price Target of the shares are set at $27.
Superior Energy Services Last issued its quarterly earnings results on Oct 24, 2016. The company reported $-0.73 EPS for the quarter, missing the analyst consensus estimate by $ -0.16. Analyst had a consensus of $-0.57. The company had revenue of $326.23 million for the quarter, compared to analysts expectations of $358.01 million. The companys revenue was down -45.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.46 EPS.
SUPERIOR ENERGY SERVICES, INC. is engaged in the business of providing offshore plugging and abandonment and wireline services in the Gulf of Mexico, the development, manufacture and sale of electronic torque and pressure control equipment and thread protectors which are used in connection with oil and gas exploration, the development, manufacture and sale of oil spill containment boom and ancillary equipment and the rental of specialized oil well equipment and fishing tools.