Stock to Track: Superior Energy Services (NYSE: SPN)

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.

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Winfred Marion

I am Winfred Marion and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Digital Wall with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Basic Materials” category. <strong>Address:</strong> 2614 Kincheloe Road, Tigard, OR 97223, USA <strong>Phone:</strong> (+1) 503-443-0752 <strong>Email:</strong> [email protected]

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