Superior Energy Services (NYSE:SPN) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued on Friday.
Several other equities research analysts have also commented on SPN. Wells Fargo & Co lowered shares of Superior Energy Services from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. Cowen set a $14.00 target price on shares of Superior Energy Services and gave the stock a “buy” rating in a research report on Friday, October 6th. Jefferies Group restated a “hold” rating and set a $11.00 target price on shares of Superior Energy Services in a research report on Monday, October 16th. Barclays set a $10.00 target price on shares of Superior Energy Services and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Finally, BMO Capital Markets set a $9.00 target price on shares of Superior Energy Services and gave the stock a “hold” rating in a research report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $12.78.
Shares of Superior Energy Services (NYSE SPN) traded down $0.52 during midday trading on Friday, hitting $10.37. 3,992,315 shares of the company’s stock traded hands, compared to its average volume of 3,815,132. Superior Energy Services has a 52 week low of $7.66 and a 52 week high of $18.81. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.64 and a current ratio of 1.99.
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Superior Energy Services Company Profile
Superior Energy Services, Inc provides a range of services and products to the energy industry related to the exploration, development and production of oil and natural gas. The Company’s segments include Drilling Products and Services, which rents and sells bottom hole assemblies, drill pipe, tubulars and specialized equipment for use with onshore and offshore oil and gas well drilling, production and workover activities; Onshore Completion and Workover Services, which provides pressure pumping services used to complete and stimulate production in new oil and gas wells, fluid handling services and well servicing rigs that provide a range of well completion and maintenance services; Production Services, which provides intervention services, such as coiled tubing, cased hole and mechanical wireline, hydraulic workover and snubbing, and remedial pumping services, and Technical Solutions, which provides services requiring specialized engineering, manufacturing or project planning.
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