Citigroup Maintains Superior Energy Services to Buy with Price Target $20.00

Brokerage firm Citigroup Maintains its rating on Superior Energy Services(NYSE:SPN). In a research note issued to the investors, the brokerage major Lowers the price-target to $20.00 per share. The shares have been rated Buy. The rating by Citigroup was issued on Jul 28, 2016.

In a different note, On Jul 27, 2016, Capital One Financial said it Upgrades its rating on Superior Energy Services. The shares have been rated ‘Overweight’ by the firm. On Jul 27, 2016, Jefferies said it Maintains its rating on Superior Energy Services. In the research note, the firm Lowers the price-target to $21.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 15, 2016, Imperial Capital said it Upgrades its rating on Superior Energy Services. In the research note, the firm Raises the price-target to $15.00 per share. The shares have been rated ‘Outperform’ by the firm. Macquarie said it Initiates Coverage on Superior Energy Services, according to a research note issued on Jul 15, 2016. The shares have been rated ‘Neutral’ by the firm. On Jul 13, 2016, Citigroup said it Maintains its rating on Superior Energy Services. In the research note, the firm Raises the price-target to $20.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 11, 2016, Jefferies said it Maintains its rating on Superior Energy Services. In the research note, the firm Lowers the price-target to $22.00 per share. The shares have been rated ‘Buy’ by the firm.

Superior Energy Services (SPN) made into the market gainers list on Thursdays trading session with the shares advancing 1.17% or 0.18 points. Due to strong positive momentum, the stock ended at $15.53, which is also near the day’s high of $15.74. The stock began the session at $15.25 and the volume stood at 21,10,953 shares. The 52-week high of the shares is $19.83 and the 52 week low is $8.25. The company has a current market capitalization of $2,356 M and it has 15,17,00,850 shares in outstanding.

Superior Energy Services(SPN) last announced its earnings results on Jul 25, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $356.27M. Analysts had an estimated revenue of $366.04M. Earnings per share were $-0.53. Analysts had estimated an EPS of $-0.57.

Several Insider Transactions has been reported to the SEC. On Feb 27, 2015, A Patrick Bernard (Senior Executive Vice Pres.) sold 37,500 shares at $22.09 per share price.Also, On Feb 27, 2015, Lynton G Iii Cook (Executive Vice President) sold 28,029 shares at $22.18 per share price.On Feb 25, 2015, Danny R Young (Executive Vice President) sold 37,500 shares at $21.38 per share price, according to the Form-4 filing with the securities and exchange commission.

Superior Energy Services Inc. is engaged in exploration development and production of oil and natural gas. The Company serves national and independent oil and natural gas companies around the world. Its segments include Drilling Products and Services Onshore Completion and Workover Services Production Services and Technical Solutions. The Drilling Products and Services segment includes downhole drilling tools and surface rentals. The Onshore Completion and Workover Services segment includes pressure pumping fluid handling and workover and maintenance services. The Production Services segment includes intervention services and specialized pressure-control tools used for pressure control and intervention operations. The Technical Solutions segment includes products and services that address customer-specific needs with their applications for specialized engineering manufacturing or project planning.

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