Seventy Seven Energy Sets New 52-Week Low at $21.89 (SSE)
Seventy Seven Energy (NYSE:SSE) shares hit a new 52-week low during mid-day trading on Friday , AR Network reports. The company traded as low as $21.89 and last traded at $22.20, with a volume of 690,715 shares trading hands. The stock had previously closed at $23.02.
Several analysts have recently commented on the stock. Analysts at Susquehanna initiated coverage on shares of Seventy Seven Energy in a research note on Monday, July 28th. They set a “neutral” rating and a $26.00 price target on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of Seventy Seven Energy in a research note on Thursday, July 17th. They set an “equal weight” rating and a $29.00 price target on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of Seventy Seven Energy in a research note on Wednesday, July 16th. They set a “hold” rating and a $27.00 price target on the stock.
The stock has a 50-day moving average of $25. and a 200-day moving average of $25.. The company’s market cap is $1.098 billion.
Seventy Seven Energy (NYSE:SSE) last announced its earnings results on Monday, August 4th. The company reported $0.31 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.18. The company had revenue of $549.50 million for the quarter, compared to the consensus estimate of $487.60 million. Seventy Seven Energy’s revenue was down 5.8% compared to the same quarter last year. On average, analysts predict that Seventy Seven Energy will post $0.58 earnings per share for the current fiscal year.
Seventy Seven Energy Inc is a diversified oilfield services company that provides a range of wellsite services and equipment to the United States land-based exploration and production (NYSE:SSE) customers operating in unconventional resource plays.
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