Superior Energy Services (NYSE:SPN) had its price objective dropped by stock analysts at Citigroup from $12.00 to $9.00 in a research note issued on Tuesday. The brokerage presently has a “neutral” rating on the oil and gas company’s stock. Citigroup’s price target would indicate a potential upside of 7.66% from the stock’s current price.
Several other equities research analysts have also issued reports on the stock. Royal Bank of Canada set a $10.00 target price on shares of Superior Energy Services and gave the stock a “hold” rating in a report on Thursday, December 21st. Jefferies Group set a $10.00 target price on shares of Superior Energy Services and gave the stock a “hold” rating in a report on Thursday, January 4th. Zacks Investment Research raised shares of Superior Energy Services from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Tuesday, January 2nd. BMO Capital Markets reissued a “hold” rating and issued a $10.00 target price on shares of Superior Energy Services in a report on Tuesday, January 16th. Finally, SunTrust Banks raised shares of Superior Energy Services from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $12.58.
Superior Energy Services (NYSE:SPN) traded down $0.14 during trading on Tuesday, reaching $8.36. 787,107 shares of the company traded hands, compared to its average volume of 3,871,801. The stock has a market cap of $1,273.65, a price-to-earnings ratio of -2.98 and a beta of 2.05. Superior Energy Services has a one year low of $7.66 and a one year high of $18.43. The company has a quick ratio of 1.64, a current ratio of 1.99 and a debt-to-equity ratio of 1.15.
About Superior Energy Services
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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