Superior Energy Services (SPN) Receives Price Target

Superior Energy Services (SPN) : Currently there are 16 street experts covering Superior Energy Services (SPN) stock. The most bullish and bearish price target for the stock is $27 and $14 respectively for the short term. The average price target of all the analysts comes to $21.31. The estimated standard deviation from the target is $2.98.

Superior Energy Services (SPN) : Zacks Investment Research ranks Superior Energy Services (SPN) as 3, which is a Hold recommendation. 15 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 18 research analysts is 1.33, which indicates as a Strong Buy.


Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on Superior Energy Services (NYSE:SPN). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm 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 (NYSE:SPN): The stock opened at $16.74 on Thursday but the bulls could not build on the opening and the stock topped out at $16.74 for the day. The stock traded down to $15.99 during the day, due to lack of any buying support eventually closed down at $16.27 with a loss of -3.33% for the day. The stock had closed at $16.83 on the previous day. The total traded volume was 4,323,243 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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