Superior Energy Services (SPN): Price Target and June Short Interest Disclosure

Superior Energy Services (SPN) has been rated by 19 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $27 and the lowest price target forecast is $13. The average forecast of all the analysts is $19.68 and the expected standard deviation is $4.01.

Superior Energy Services (SPN) has shown a drop of 5.6% or 606,817 shares in the short positions. The bets have increased to 10,231,565 shares on June 30,2016 from 10,838,382 shares on June 15,2016. With respect to the floated shares, the shorts are 6.9%. The days to cover are calculated to be 3, using the standard per day volume of 3,565,483 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Deutsche Bank maintains its view on Superior Energy Services (NYSE:SPN) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Deutsche Bank raises the price target from $20 per share to $22 per share on Superior Energy Services . The rating by the firm was issued on June 8, 2016.


Superior Energy Services (NYSE:SPN): stock turned positive on Thursday. Though the stock opened at $18.39, the bulls momentum made the stock top out at $18.74 level for the day. The stock recorded a low of $18.29 and closed the trading day at $18.41, in the green by 1.60%. The total traded volume for the day was 2,052,853. The stock had closed at $18.12 in the previous days trading.

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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