Analysts’ Forecasts for SPN after 2Q16 Earnings



Wall Street’s forecasts for Superior Energy Services

In this article, we’ll look at Wall Street analysts’ forecasts for Superior Energy Services (SPN) following its 2Q16 earnings release.

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Consensus rating for Superior Energy Services

Approximately 64% of analysts tracking Superior Energy Services rate it a “buy” or equivalent. Approximately 36% of analysts rate the company a “hold” or equivalent. None of the analysts tracking SPN recommend a “sell.” Superior Energy Services makes up 0.17% of the iShares Core S&P Mid-Cap ETF (IJH).

In comparison, approximately 33% of analysts tracking McDermott International (MDR) rate it a “buy” or equivalent, approximately 58% rate it a “hold,” and 9% rate it a “sell.”

Analysts’ recommendations for SPN

Nomura gave Superior Energy Services a target price of $16, one of its lowest target prices, following the 2Q16 earnings release. This target price implies a ~3% negative return for the next 12 months compared to its current price of ~$16.50. Morgan Stanley, a global investment bank, gave SPN a one-year target price of $27, one of its highest target prices. This implies a 63% return over the next year.

Among the large investment banks, Barclays gave Superior Energy Services a target price of $20. This implies a return of ~21% over the next 12 months.

Analysts’ target prices for SPN

Following the 2Q16 financial results, the highest target price for SPN is $27, and the lowest is $16. The median target price from sell-side analysts is $20.25, implying a rise of ~23% from its current price of ~$16.50.

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