Superior Energy Services (SPN) : Analyst Rating Update

Superior Energy Services (SPN) : Zacks Investment Research ranks Superior Energy Services (SPN) as 2, which is a Buy recommendation. 14 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 20 research analysts is 1.6, which indicates as a Buy.

Superior Energy Services (SPN) : The highest short term price target forecast on Superior Energy Services (SPN) is $27 and the lowest target price is $13. A total of 19 equity analysts are currently covering the company. The average price of all the analysts is $19.58 with a standard deviation of $3.73.

Superior Energy Services (NYSE:SPN): The stock opened at $17.57 on Wednesday but the bulls could not build on the opening and the stock topped out at $17.64 for the day. The stock traded down to $17.04 during the day, due to lack of any buying support eventually closed down at $17.37 with a loss of -2.25% for the day. The stock had closed at $17.77 on the previous day. The total traded volume was 5,204,386 shares.

Also, Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of Superior Energy Services (NYSE:SPN). Deutsche Bank has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $22 per share from a prior target of $20. The rating by the firm was issued on June 8, 2016. The company shares have dropped -9.52% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $20.74 and the one year low was seen on Feb 24, 2016. The 50-Day Moving Average price is $17.83 and the 200 Day Moving Average price is recorded at $13.75.

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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