Superior Energy Services (SPN) Shares are Down -5.94%

Superior Energy Services (SPN) has risen sharply, recording gains of 7.01% in the past 4 weeks. However, the stock has corrected -5.94% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 7.24% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.64% and the fifty day Moving Average is 2.34%. Superior Energy Services, Inc. has dropped 2.12% during the last three month period . Year-to-Date the stock performance stands at 27.97%.

Superior Energy Services (SPN) has been rated by 16 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $27 and the lowest price target forecast is $14. The average forecast of all the analysts is $21.31 and the expected standard deviation is $2.98.


Superior Energy Services (NYSE:SPN): On Fridays trading session , Opening price of the stock was $17.47 with an intraday high of $17.76. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $16.96. However, the stock managed to close at $17.09, a loss of 1.50% for the day. On the previous day, the stock had closed at $17.35. The total traded volume of the day was 2,559,450 shares.

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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