Superior Energy Services (SPN) : 20 analysts are covering Superior Energy Services (SPN) and their average rating on the stock is 1.5, which is read as a Strong Buy. 15 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Superior Energy Services (SPN) : Currently there are 18 street experts covering Superior Energy Services (SPN) stock. The most bullish and bearish price target for the stock is $27 and $13 respectively for the short term. The average price target of all the analysts comes to $20.72. The estimated standard deviation from the target is $3.48.
For the current week, the company shares have a recommendation consensus of 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 $16.64 and $16.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.89, notching a gain of 2.43% for the day. The total traded volume was 1,852,457 . The stock had closed at $16.49 on the previous day.
In a related news, The officer (Senior Executive Vice Pres.), of Superior Energy Services Inc, Bernard A Patrick had unloaded 37,500 shares at $22.09 per share in a transaction on February 26, 2015. The total value of transaction was $828,375. The Insider information was revealed by 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.