Short Term Price Target on Superior Energy Services (SPN)

Superior Energy Services (NYSE:SPN) : The highest short term price target forecast on Superior Energy Services (NYSE:SPN) is $27 and the lowest target price is $13. A total of 19 equity analysts are currently covering the company. The average price of all the analysts is $19.58 with a standard deviation of $3.73.

Superior Energy Services, Inc. has dropped 5.3% in the last five trading days, however, the shares have posted positive gains of 9.06% in the last 4 weeks. Superior Energy Services, Inc. is up 42.05% in the last 3-month period. Year-to-Date the stock performance stands at 37.85%. Also, Equity analysts at the Brokerage firm Deutsche Bank 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 Deutsche Bank raises the price target from $20 per share to $22 per share. The rating by the firm was issued on June 8, 2016.

Superior Energy Services (NYSE:SPN) has an average broker rating of 1.6, which is interpreted as a Buy, as rated by 20 equity analysts. Nonetheless, 14 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.

Superior Energy Services (NYSE:SPN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.77 and $17.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.41, notching a gain of 2.51% for the day. The total traded volume was 2,747,506 . The stock had closed at $17.96 on the previous day.

In an insider trading activity, Bernard A Patrick, officer (Senior Executive Vice Pres.) of Superior Energy Services Inc, unloaded 37,500 shares at an average price of $22.09 on February 26, 2015. The total amount of the transaction was worth $828,375, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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