Superior Energy Services Upgraded to “Strong-Buy” at Raymond James (SPN)
Superior Energy Services (NYSE:SPN) was upgraded by investment analysts at Raymond James from an “outperform” rating to a “strong-buy” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports.
Superior Energy Services (NYSE:SPN) opened at 27.98 on Monday. Superior Energy Services has a 52-week low of $22.85 and a 52-week high of $29.22. The stock has a 50-day moving average of $25.19 and a 200-day moving average of $25.72. The company has a market cap of $4.462 billion and a price-to-earnings ratio of 15.97.
A number of other analysts have also recently weighed in on SPN. Analysts at Wells Fargo & Co. downgraded shares of Superior Energy Services from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 22nd. Separately, analysts at Cowen and Company downgraded shares of Superior Energy Services from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 7th. Finally, analysts at Guggenheim initiated coverage on shares of Superior Energy Services in a research note on Thursday, December 19th. They set a “buy” rating on the stock. Nine equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Superior Energy Services presently has a consensus rating of “Buy” and an average target price of $31.74.
Superior Energy Services, Inc is a provider of oilfield services and equipment. The Company offers a variety of products and services throughout the life cycle of an oil and gas well.
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