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Analysts’ Forecasts for SPN after 2Q16 Earnings

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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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