Superior Energy Services (SPN) is Reiterated by Imperial Capital to Outperform, Lowers Price Target to $ 20

Superior Energy Services (SPN) was Reiterated by Imperial Capital to “Outperform” while Lowering the Price Target of the company shares to $ 20 from a previous price target of $23 . Imperial Capital advised their investors in a research report released on Jul 27, 2016.

Many Wall Street Analysts have commented on Superior Energy Services. Shares were Reiterated by Scotia Howard Weil on Jul 27, 2016 to “Focus Stock” and Lowered the Price Target to $ 25 from a previous price target of $27 .Superior Energy Services was Initiated by Macquarie to “Neutral” on Jul 15, 2016. Company shares were Upgraded by Imperial Capital on Jul 15, 2016 to ” Outperform”, Firm has raised the Price Target to $ 23 from a previous price target of $15 .

On the company’s financial health, Superior Energy Services reported $-0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $-0.57. The company had revenue of $356.30 million for the quarter, compared to analysts expectations of $365.86 million. The company’s revenue was down -49.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.31 EPS.

Superior Energy Services closed down -0.41 points or -2.51% at $15.91 with 28,44,293 shares getting traded on Thursday. Post opening the session at $16.24, the shares hit an intraday low of $15.79 and an intraday high of $16.62 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Feb 27, 2015, A Patrick Bernard (Senior Executive Vice Pres.) sold 37,500 shares at $22.09 per share price. According to the SEC, on Feb 27, 2015, Lynton G Iii Cook (Executive Vice President) sold 28,029 shares at $22.18 per share price. On Feb 25, 2015, Danny R Young (Executive Vice President) sold 37,500 shares at $21.38 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Superior Energy Services

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