Superior Energy Services (SPN) Shares Slide -9.11%

Superior Energy Services (SPN) : During the past 4 weeks, traders have been relatively bearish on Superior Energy Services (SPN), hence the stock is down -18.64% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -9.05% relative to the S&P 500. The 4-week change in the price of the stock is -15.9% and the stock has fallen -9.11% in the past 1 week.

The stock has recorded a 20-day Moving Average of 9.78% and the 50-Day Moving Average is 10.19%. Superior Energy Services, Inc. has dropped 5.28% during the last 3-month period . Year-to-Date the stock performance stands at 19.58%.


Superior Energy Services (NYSE:SPN): stock turned positive on Friday. Though the stock opened at $15.72, the bulls momentum made the stock top out at $16.12 level for the day. The stock recorded a low of $15.65 and closed the trading day at $15.97, in the green by 0.38%. The total traded volume for the day was 2,949,946. The stock had closed at $15.91 in the previous days trading.

Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Superior Energy Services (NYSE:SPN). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Citigroup lowers the price target from $22 per share to $20 per share. 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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