Superior Energy Services Announces First Quarter 2019 Results
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Superior Energy Services (SPN) PT Lowered to $11 at RBC Capital But Sees Sell-Off as 'Extreme'
April 24, 2019 12:47 PM EDTRBC Capital analyst Kurt Hallead lowered the price target on Superior Energy Services (NYSE: SPN) to $11.00 (from $13.00) while maintaining a Sector Perform rating.
believe the sell-off is extreme as we think there is minimal risk to 2019/2020 EBITDA... MoreSuperior Energy Services (SPN) Misses Q1 EPS by 7c, Revenues Miss
April 23, 2019 4:16 PM EDTSuperior Energy Services (NYSE: SPN) reported Q1 EPS of ($0.31), $0.07 worse than the analyst estimate of ($0.24). Revenue for the quarter came in at $467.2 million versus the consensus estimate of $493.15 million.
David Dunlap, President and CEO, commented, First quarter results were in line with our expectations. U.S. land revenues were sequentially lower as we operated fewer pressure pumping fleets due to a weak environment for pricing and utilization. U.S. offshore results were also... More
