Loop Capital Initiates Coverage on Superior Energy Services to Buy

Loop Capital Initiates Coverage on Superior Energy Services(NYSE:SPN). The shares have been rated Buy. The rating by Loop Capital was issued on Sep 30, 2016.

In a different note, On Jul 28, 2016, Citigroup 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. 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.

Superior Energy Services (SPN) shares turned negative on Tuesdays trading session with the shares closing down -0.43 points or -2.37% at a volume of 31,28,081. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $18.39. The peak price level was also seen at $18.39 while the days lowest was $17.63. Finally the shares closed at $17.69. The 52-week high of the shares is $19.83 while the 52-week low is $8.25. According to the latest information available, the market cap of the company is $2,684 M.

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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