Finance

Are Superior Energy Services, Inc. (SPN)’s Recent Ownership and Insider Trends a Sign of Things to Come?

Recent insider trends for Superior Energy Services, Inc. (NYSE:SPN) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on SPN is anything to go by, investors should pay attention.

Institutions own 107.69% of Superior Energy Services, Inc. (SPN)’s shares. The total value of these holdings, in millions, is $1,836. Among active positions in the latest quarter, 134 holders increased their positions by a total of 16.59 million shares, 129 holders decreased the positions by a total of 32.4 million shares, and 33 holders held their positions. This works out to a net decrease in ownership of 15.81 million shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 38 holders initiated new positions by a total of 3.77 million shares and 34 holders exited their positions by a total of 7.38 million shares. This nets out to a decrease of 3.6 million shares and is another bearish sign for SPN.

In the last three months, insiders executed a total of 1 trades. 1 of these were buys. Insider ownership increased by a total of 20000 shares, which suggests that SPN’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 9 buys and 6 sells, and ownership increased by a net of 226208 shares.



Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. Superior Energy Services, Inc. (NYSE:SPN)’s short interest is 14.57 million shares, or 9.64% of the float. This represents a decrease of -14% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Given what the insider ownership patterns are saying, it makes sense to consider the technicals to see if these pieces of information reach the same conclusion about the outlook for SPN. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that SPN is a Strong buy, which implies that SPN is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Superior Energy Services, Inc. (NYSE:SPN) is undervalued.

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