Superior Energy Services (NYSE:SPN) has climbed 0.91% in the past week and advanced 15.63% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.12% and the outperformance has advanced to 14.58% for the last 4 weeks period.
Superior Energy Services (NYSE:SPN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.53 and $18.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.79, notching a gain of 3.24% for the day. The total traded volume was 3,442,436 . The stock had closed at $18.20 on the previous day.
The company shares have dropped -9.66% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $21.54 and the one year low was seen on Feb 24, 2016. The 50-Day Moving Average price is $16.93 and the 200 Day Moving Average price is recorded at $13.44.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Senior Executive Vice Pres.) of Superior Energy Services Inc, Bernard A Patrick had sold 37,500 shares worth of $828,375 in a transaction dated February 26, 2015. In this transaction, 37,500 shares were sold at $22.09 per share.
Many analysts have stated their opinion on the company shares. Deutsche Bank maintains their rating on the shares of Superior Energy Services (NYSE:SPN). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $22 per share from $20 per share. The rating by the firm was issued on June 8, 2016. Currently the company Insiders own 2.91% of Superior Energy Services shares according to the proxy statements.
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.