On Friday, Shares of Superior Energy Services (NYSE: SPN) declined -0.49% to $4.05. The stock traded total volume of 3,716,077 shares higher than the average volume of 2.93M shares.
Superior Energy Services Inc. (SPN) stated a fourth-quarter loss of $750.20M, after reporting a profit in the same period a year earlier. On a per-share basis, the Houston-based company said it had a loss of $4.85. Losses, adjusted for non-recurring costs, came to 20 cents per share. The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 29 cents per share.
The oilfield services company posted revenue of $539.30M in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $517.70M.
For the year, the company stated that its loss widened to $858.10M, or $5.56 per share. Revenue was stated as $2.130B.
SPN has the market capitalization of $664.48M and its EPS growth ratio for the past five years was -17.04%. The return on assets ratio of the Company was -30.40% while its return on investment ratio stands at -48.10%. Price to sales ratio was 0.31.
