Superior Energy Services, Inc. (NYSE:SPN) was up 5.5% during trading on Wednesday . The company traded as high as $9.89 and last traded at $9.73. Approximately 3,162,142 shares traded hands during mid-day trading, a decline of 11% from the average daily volume of 3,553,010 shares. The stock had previously closed at $9.22.
A number of equities research analysts have recently commented on SPN shares. Zacks Investment Research raised shares of Superior Energy Services from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Tuesday, January 2nd. Cowen set a $14.00 price objective on shares of Superior Energy Services and gave the company a “buy” rating in a research note on Thursday, January 11th. Seaport Global Securities upgraded shares of Superior Energy Services from a “neutral” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Wednesday, February 21st. Deutsche Bank boosted their target price on shares of Superior Energy Services from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Finally, Piper Jaffray reiterated a “buy” rating and set a $10.25 target price on shares of Superior Energy Services in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $12.76.
The company has a current ratio of 2.03, a quick ratio of 1.67 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $1,423.60, a price-to-earnings ratio of -5.90 and a beta of 2.10.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jump Trading LLC purchased a new stake in shares of Superior Energy Services in the fourth quarter valued at about $104,000. Oakbrook Investments LLC purchased a new stake in shares of Superior Energy Services in the fourth quarter valued at about $108,000. Cerebellum GP LLC purchased a new stake in shares of Superior Energy Services in the fourth quarter valued at about $127,000. MANA Advisors LLC purchased a new stake in shares of Superior Energy Services in the fourth quarter valued at about $154,000. Finally, Elkfork Partners LLC purchased a new stake in shares of Superior Energy Services in the fourth quarter valued at about $178,000.
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Superior Energy Services Company Profile
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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