Superior Energy Services (NYSE:SPN) has been given a $11.00 price target by stock analysts at Royal Bank of Canada in a research note issued to investors on Saturday, February 17th. The brokerage currently has a “hold” rating on the oil and gas company’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 10.33% from the stock’s current price.
A number of other equities analysts have also weighed in on SPN. Barclays set a $10.00 price objective on Superior Energy Services and gave the stock a “hold” rating in a research note on Wednesday, October 25th. BMO Capital Markets set a $9.00 price target on Superior Energy Services and gave the company a “hold” rating in a research note on Tuesday, October 24th. Cowen set a $12.00 price target on Superior Energy Services and gave the company an “outperform” rating in a research note on Wednesday, October 25th. UBS Group raised Superior Energy Services from a “neutral” rating to a “positive” rating in a research note on Friday, January 5th. Finally, Loop Capital set a $13.00 price target on Superior Energy Services and gave the company a “buy” rating in a research note on Wednesday, October 25th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company’s stock. Superior Energy Services currently has a consensus rating of “Hold” and a consensus target price of $12.91.
Superior Energy Services (NYSE:SPN) traded up $0.02 during midday trading on Friday, reaching $9.97. The company’s stock had a trading volume of 1,832,065 shares, compared to its average volume of 3,921,163. The firm has a market capitalization of $1,553.16, a price-to-earnings ratio of -7.39 and a beta of 2.12. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.03 and a quick ratio of 1.67. Superior Energy Services has a one year low of $7.66 and a one year high of $15.25.
Several hedge funds have recently bought and sold shares of the stock. Elkfork Partners LLC purchased a new stake in shares of Superior Energy Services in the 4th quarter valued at $178,000. MetLife Investment Advisors LLC purchased a new stake in shares of Superior Energy Services in the 4th quarter valued at $1,641,000. Gotham Asset Management LLC purchased a new stake in shares of Superior Energy Services in the 4th quarter valued at $1,330,000. Jump Trading LLC purchased a new stake in shares of Superior Energy Services in the 4th quarter valued at $104,000. Finally, Macquarie Group Ltd. raised its holdings in shares of Superior Energy Services by 5.4% in the 4th quarter. Macquarie Group Ltd. now owns 2,188,376 shares of the oil and gas company’s stock valued at $21,074,000 after buying an additional 112,222 shares during the period.
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About Superior Energy Services
Superior Energy Services, Inc provides a range of services and products to the energy industry related to the exploration, development and production of oil and natural gas. The Company’s segments include Drilling Products and Services, which rents and sells bottom hole assemblies, drill pipe, tubulars and specialized equipment for use with onshore and offshore oil and gas well drilling, production and workover activities; Onshore Completion and Workover Services, which provides pressure pumping services used to complete and stimulate production in new oil and gas wells, fluid handling services and well servicing rigs that provide a range of well completion and maintenance services; Production Services, which provides intervention services, such as coiled tubing, cased hole and mechanical wireline, hydraulic workover and snubbing, and remedial pumping services, and Technical Solutions, which provides services requiring specialized engineering, manufacturing or project planning.
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