Superior Energy Services (NYSE:SPN) Lifted to “Positive” at Susquehanna Bancshares

Susquehanna Bancshares upgraded shares of Superior Energy Services (NYSE:SPN) from a neutral rating to a positive rating in a research report released on Friday, January 5th, MarketBeat reports. The brokerage currently has $15.00 price target on the oil and gas company’s stock, up from their previous price target of $9.00.

Other research analysts also recently issued research reports about the stock. Deutsche Bank began coverage on shares of Superior Energy Services in a research report on Tuesday, October 10th. They issued a buy rating and a $15.00 target price for the company. Zacks Investment Research raised shares of Superior Energy Services from a hold rating to a buy rating and set a $11.00 price objective for the company in a research report on Tuesday, January 2nd. SunTrust Banks raised shares of Superior Energy Services from a hold rating to a buy rating and set a $20.00 price objective for the company in a research report on Monday, November 20th. Barclays set a $10.00 price objective on shares of Superior Energy Services and gave the company a hold rating in a research report on Wednesday, October 25th. Finally, Cowen set a $12.00 price objective on shares of Superior Energy Services and gave the company an outperform rating in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company’s stock. Superior Energy Services currently has a consensus rating of Hold and an average target price of $12.78.

Shares of Superior Energy Services (NYSE SPN) opened at $10.58 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.64 and a debt-to-equity ratio of 1.15. Superior Energy Services has a 12-month low of $7.66 and a 12-month high of $18.81. The stock has a market cap of $1,708.41, a price-to-earnings ratio of -3.77 and a beta of 2.16.

A number of institutional investors have recently modified their holdings of the business. Comerica Bank raised its stake in Superior Energy Services by 0.8% in the 2nd quarter. Comerica Bank now owns 130,803 shares of the oil and gas company’s stock worth $1,366,000 after purchasing an additional 992 shares in the last quarter. Neuberger Berman Group LLC raised its stake in Superior Energy Services by 8.1% in the 2nd quarter. Neuberger Berman Group LLC now owns 17,109 shares of the oil and gas company’s stock worth $178,000 after purchasing an additional 1,289 shares in the last quarter. Broadview Advisors LLC raised its stake in Superior Energy Services by 0.6% in the 2nd quarter. Broadview Advisors LLC now owns 266,924 shares of the oil and gas company’s stock worth $2,784,000 after purchasing an additional 1,700 shares in the last quarter. Thrivent Financial For Lutherans raised its stake in Superior Energy Services by 8.7% in the 2nd quarter. Thrivent Financial For Lutherans now owns 30,970 shares of the oil and gas company’s stock worth $323,000 after purchasing an additional 2,480 shares in the last quarter. Finally, AMG National Trust Bank raised its stake in Superior Energy Services by 8.4% in the 2nd quarter. AMG National Trust Bank now owns 46,195 shares of the oil and gas company’s stock worth $482,000 after purchasing an additional 3,576 shares in the last quarter.

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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.

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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