Large Outflow of Money Witnessed in Superior Energy Services

Superior Energy Services (SPN): The stock had negative money flow to the tune of ($0.91 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $2.13 million, whereas, the outflow of money on downticks was $3.03 million and the ratio between the two was 0.7. The block trade had a negative net money flow of ($0.89 million). The total block trade value undertaken on upticks was $0.31 million. On the other hand, downticks amounted to $1.2 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.26. Superior Energy Services (SPN) closed with marginal gains of 6 cents to end the day at $14.35, an increase of 0.38% over the previous days close. The stock recorded -4.37% for the week.


Shares of Superior Energy Services, Inc. appreciated by 1.36% during the last five trading days but lost 9.53% on a 4-week basis. Superior Energy Services, Inc. has dropped 12.75% during the last 3-month period . Year-to-Date the stock performance stands at 17.33%.

Superior Energy Services (SPN) : 15 brokerage houses believe that Superior Energy Services (SPN) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Superior Energy Services (SPN). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 17 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.24.

Superior Energy Services (NYSE:SPN): The stock opened at $14.44 and touched an intraday high of $15.7 on Wednesday. During the day, the stock corrected to an intraday low of $14.24, however, the bulls stepped in and pushed the price higher to close in the green at $15.67 with a gain of 9.66% for the day. The total traded volume for the day was 5,112,814. The stock had closed at $14.29 in the previous trading session.

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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