Brokerage Firm Rating Update on Superior Energy Services (SPN)

Superior Energy Services (SPN) : Zacks Investment Research ranks Superior Energy Services (SPN) as 3, which is a Hold recommendation. 15 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 18 research analysts is 1.33, which indicates as a Strong Buy.

Superior Energy Services (SPN) : 16 investment research analysts covering Superior Energy Services (SPN) have an average price target of $21.31 for the near short term. The highest target price given by the Brokerage Firm to the stock is $27 and the lowest target is $14 for the short term. Analysts expect the variance to be within $2.98 of the average price.


For the current week, the company shares have a recommendation consensus of Buy. Also, Citigroup maintains their rating on the shares of Superior Energy Services (NYSE:SPN). The current rating of the shares is Buy. Equity Analysts at the Firm lowers the price target to $20 per share from $22 per share. The rating by the firm was issued on July 28, 2016.

Superior Energy Services (NYSE:SPN): stock was range-bound between the intraday low of $16.56 and the intraday high of $17.07 after having opened at $16.83 on Wednesdays session. The stock finally closed in the red at $16.83, a loss of -0.89%. The stock remained in the red for the whole trading day. The total traded volume was 2,412,581 shares. The stock failed to cross $17.07 in Wednesdays trading. The stocks closing price on Thursday was $16.83.

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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