Shares of Superior Energy Services, Inc. (NYSE:SPN) recorded 0.26% gain during trading session on January 17th, 2019. The script traded as low as $3.74 and last traded at $3.92. 3.71 million shares changed exchanged hands during trading, an increase of 17.27% from the 30-day average session volume of 4.49M shares. The firm had previously closed at $3.91. The company has $156.06M outstanding shares, price-to-earnings-growth ratio of 0.29 and a beta of 2.48. The company has a RSI of 42.56, ATR of 0.32 and a volatility of 6.98% this week. SPN has a 52 week low price of $2.87 and a 52 week high price of $12.73.
Investors have identified the tech company Superior Energy Services, Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around 611.76M, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Superior Energy Services, Inc. (SPN) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For SPN, the company has in raw cash 104.69 million on their books with 230.52 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 0 total, with 1.62 billion as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
SPN were able to record 102.93 million as free cash flow during the recently reported quarter of the year, this saw their quarterly net cash flow reduce by 79.12 million. In cash movements, the company had a total of 83.36 million as operating cash flow.
Potential earnings growth for Superior Energy Services, Inc. (SPN)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Superior Energy Services, Inc. recorded a total of 573.07 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 0.12% coming in sequential stages and their sales for the third quarter increasing by 0.07%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 404.39 million trying to sell their products during the last quarter, with the result yielding a gross income of 168.68 million. This allows shareholders to hold on to 156.06M with the revenue now reading -140 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (-0.27 cents a share).
Is the stock of SPN attractive?
Having a look at the company’s valuation, the company is expected to record -0.84 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on SPN sounds very interesting.
In related news, Executive Vice President Moore Brian K bought 70,000 shares of the company’s stock in a transaction that recorded on December 13th, 2019. The purchase was performed at an average price of 4.01, for a total value of 280,700. As the purchase deal closes, the Director Moore Brian K now bought 30,000 shares of the company’s stock, valued at 120,297. Also, Director Bouillion Harold J bought 20,000 shares of the company’s stock in a deal that was recorded on December 12th, 2019. The shares were bought at an average cost of 4.22 per share, with a total market value of 110,622. Following this completion of disposal, the Director now holds 30,000 shares of the company’s stock, valued at 124,674. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.50%.
3 out of 25 analysts covering the stock have rated it a Buy, while 12 have maintained a Hold recommendation on Superior Energy Services, Inc. stock. 1 analysts has assigned a Sell rating on the SPN stock. The 12-month mean consensus price target for the company’s shares has been set at $7.16.