Ferguson Wellman Capital Management Has Cut Its Superior Energy Services (SPN) Holding; 12 Analysts Covering Nucor (NUE)

Among 19 analysts covering Nucor Corporation (NYSE:NUE), 12 have Buy rating, 0 Sell and 7 Hold. Therefore 63% are positive. Nucor Corporation had 80 analyst reports since July 22, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Buy” rating in Thursday, September 15 report. The stock of Nucor Corporation (NYSE:NUE) earned “Neutral” rating by Longbow on Monday, October 2. The stock has “Buy” rating by Credit Suisse on Wednesday, January 31. Nomura upgraded the stock to “Buy” rating in Monday, December 14 report. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Tuesday, September 12 report. The firm has “Buy” rating by Jefferies given on Wednesday, January 31. The rating was downgraded by KeyBanc Capital Markets to “Sector Weight” on Thursday, August 17. Bank of America upgraded the stock to “Buy” rating in Wednesday, November 9 report. The rating was downgraded by Standpoint Research on Wednesday, April 13 to “Hold”. Macquarie Research upgraded Nucor Corporation (NYSE:NUE) on Monday, April 24 to “Neutral” rating. See Nucor Corporation (NYSE:NUE) latest ratings:

07/02/2018 Broker: Credit Suisse Rating: Buy New Target: $77.0 Upgrade
06/02/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $70 New Target: $68 Maintain
31/01/2018 Broker: Jefferies Rating: Buy New Target: $76.0 Maintain
31/01/2018 Broker: Credit Suisse Rating: Buy New Target: $73.0 Maintain
30/01/2018 Broker: BMO Capital Markets Rating: Hold New Target: $72.0 Maintain
09/01/2018 Broker: Jefferies Rating: Buy New Target: $77.0 Maintain
08/01/2018 Broker: Bank of America Rating: Buy New Target: $75.0 Maintain
04/01/2018 Broker: Cowen & Co Rating: Hold New Target: $70.0 Maintain
20/12/2017 Broker: Longbow Old Rating: Neutral New Rating: Buy Upgrade
17/11/2017 Broker: BMO Capital Markets Rating: Hold New Target: $62.0 Maintain

Ferguson Wellman Capital Management Inc decreased Superior Energy Services Inc (SPN) stake by 6.89% reported in 2017Q3 SEC filing. Ferguson Wellman Capital Management Inc sold 115,069 shares as Superior Energy Services Inc (SPN)’s stock declined 27.83%. The Ferguson Wellman Capital Management Inc holds 1.56M shares with $16.61 million value, down from 1.67M last quarter. Superior Energy Services Inc now has $1.37 billion valuation. The stock increased 0.90% or $0.08 during the last trading session, reaching $8.94. About 3.73 million shares traded or 8.47% up from the average. Superior Energy Services, Inc. (NYSE:SPN) has declined 25.14% since February 16, 2017 and is downtrending. It has underperformed by 41.84% the S&P500.

Analysts await Superior Energy Services, Inc. (NYSE:SPN) to report earnings on February, 20. They expect $-0.31 EPS, up 58.11% or $0.43 from last year’s $-0.74 per share. After $-0.33 actual EPS reported by Superior Energy Services, Inc. for the previous quarter, Wall Street now forecasts -6.06% EPS growth.

Ferguson Wellman Capital Management Inc increased Spdr S&P Oil&Gas Exploration & (XOP) stake by 27,265 shares to 42,940 valued at $1.46M in 2017Q3. It also upped Ishares Msci Eafe Small Cap In (SCZ) stake by 10,745 shares and now owns 336,458 shares. Pentair Inc (NYSE:PNR) was raised too.

Among 30 analysts covering Superior Energy Services (NYSE:SPN), 13 have Buy rating, 1 Sell and 16 Hold. Therefore 43% are positive. Superior Energy Services has $30 highest and $9 lowest target. $15.29’s average target is 71.03% above currents $8.94 stock price. Superior Energy Services had 124 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of Superior Energy Services, Inc. (NYSE:SPN) earned “Outperform” rating by Wells Fargo on Monday, January 11. The stock of Superior Energy Services, Inc. (NYSE:SPN) has “Hold” rating given on Friday, February 17 by Jefferies. The firm earned “In-Line” rating on Tuesday, February 2 by Imperial Capital. The stock of Superior Energy Services, Inc. (NYSE:SPN) earned “Buy” rating by Citigroup on Friday, December 11. The firm has “Buy” rating given on Wednesday, October 25 by Cowen & Co. Deutsche Bank maintained the shares of SPN in report on Wednesday, October 25 with “Buy” rating. The rating was initiated by Goldman Sachs with “Neutral” on Friday, November 18. Jefferies maintained Superior Energy Services, Inc. (NYSE:SPN) on Wednesday, April 26 with “Hold” rating. Howard Weil maintained it with “Focus Stock” rating and $16 target in Wednesday, February 24 report. Jefferies maintained the shares of SPN in report on Tuesday, June 6 with “Hold” rating.

Investors sentiment decreased to 1.14 in 2017 Q3. Its down 0.17, from 1.31 in 2017Q2. It dived, as 27 investors sold SPN shares while 77 reduced holdings. 35 funds opened positions while 84 raised stakes. 160.81 million shares or 9.04% less from 176.79 million shares in 2017Q2 were reported. Swiss Savings Bank reported 257,075 shares stake. Old Mutual Customised Solutions (Proprietary) invested 0.01% of its portfolio in Superior Energy Services, Inc. (NYSE:SPN). Geode Llc has invested 0% of its portfolio in Superior Energy Services, Inc. (NYSE:SPN). Ngam Advsr Lp holds 0.01% or 64,531 shares in its portfolio. Los Angeles Capital Management & Equity Research owns 116,757 shares. Arizona State Retirement System owns 86,642 shares. Oppenheimer Asset Management Inc, New York-based fund reported 62,143 shares. Peak6 Invests Ltd Partnership, Illinois-based fund reported 12,704 shares. Wellington Shields Cap Mgmt Lc stated it has 0.12% in Superior Energy Services, Inc. (NYSE:SPN). Texas-based Teacher Retirement System Of Texas has invested 0% in Superior Energy Services, Inc. (NYSE:SPN). Clearbridge Investments invested 0% in Superior Energy Services, Inc. (NYSE:SPN). Fincl Bank Of America Corporation De holds 957,502 shares. Barclays Public Ltd Co owns 17,992 shares for 0% of their portfolio. National Bank Of New York Mellon holds 0.01% in Superior Energy Services, Inc. (NYSE:SPN) or 4.73M shares. 21,481 were reported by Trexquant Investment Limited Partnership.

Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.35, from 1.24 in 2017Q2. It dropped, as 62 investors sold Nucor Corporation shares while 223 reduced holdings. 59 funds opened positions while 196 raised stakes. 232.46 million shares or 1.40% less from 235.76 million shares in 2017Q2 were reported. 1St Source Bancorporation holds 0.07% or 14,850 shares in its portfolio. Fmr Limited Liability Corp invested in 0.01% or 864,698 shares. Synovus Financial accumulated 5,653 shares. 691,457 were reported by Lord Abbett Ltd Company. Bonness Entertainment Incorporated accumulated 48,350 shares. Jennison Associate Llc stated it has 0% in Nucor Corporation (NYSE:NUE). Moreover, Nationwide Fund Advsrs has 0.02% invested in Nucor Corporation (NYSE:NUE) for 89,901 shares. Cleararc Capital invested in 8,190 shares or 0.07% of the stock. Dorsey Whitney Tru Company Lc reported 3,947 shares. Kentucky Retirement Systems Insur Tru Fund stated it has 8,436 shares or 0.08% of all its holdings. Nippon Life Insurance accumulated 23,352 shares. Engineers Gate Manager L P stated it has 58,052 shares or 0.27% of all its holdings. Janney Montgomery Scott Ltd Liability owns 107,208 shares. Meiji Yasuda Asset Management Com Ltd holds 0.06% or 11,604 shares. Lenox Wealth Incorporated accumulated 403 shares or 0.01% of the stock.

Since September 19, 2017, it had 0 buys, and 3 sales for $1.59 million activity. On Monday, October 23 the insider FERRIOLA JOHN J sold $913,959. Shares for $537,659 were sold by Utermark D. Chad. Another trade for 2,500 shares valued at $137,912 was made by HAYNES VICTORIA F on Tuesday, September 19.

Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. The company has market cap of $20.85 billion. It operates in three divisions: Steel Mills, Steel Products, and Raw Materials. It has a 16 P/E ratio. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; structural steel products, including wide-flange beams, beam blanks, H-piling, and sheet pilings; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, wire rods, and special bar quality; and tubular and plate steel products.

The stock increased 0.60% or $0.39 during the last trading session, reaching $65.58. About 2.52M shares traded. Nucor Corporation (NYSE:NUE) has risen 21.74% since February 16, 2017 and is uptrending. It has outperformed by 5.04% the S&P500.

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