Superior Energy Services (SPN) Shares are Up 4.81%

Superior Energy Services (SPN) has been under a strong bear grip, hence the stock is down -7.99% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 4.76% in the past 1 week. The stock has risen by 4.81% in the past week indicating that the buyers are active at lower levels, but the stock is down -7.04% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 1.04% and the 50-Day Moving Average is 5.03%. Superior Energy Services (NYSE:SPN): On Fridays trading session , Opening price of the stock was $17.13 with an intraday high of $17.13. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $16.55. However, the stock managed to close at $16.77, a loss of 0.71% for the day. On the previous day, the stock had closed at $16.89. The total traded volume of the day was 1,712,612 shares.


The company Insiders own 2.91% of Superior Energy Services shares according to the proxy statements. Also, Major Brokerage house, Citigroup maintains its ratings on Superior Energy Services (NYSE:SPN). In the latest research report, Citigroup lowers the target price from $22 per share to $20 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on July 28, 2016.

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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