Superior Energy Services (NYSE:SPN) was upgraded by stock analysts at UBS Group from a “neutral” rating to a “positive” rating in a research report issued on Friday, January 5th, The Fly reports.
SPN has been the subject of a number of other research reports. Royal Bank of Canada set a $10.00 target price on shares of Superior Energy Services and gave the stock a “hold” rating in a report on Thursday, December 21st. ValuEngine cut shares of Superior Energy Services from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. Jefferies Group set a $13.00 price objective on shares of Superior Energy Services and gave the company a “hold” rating in a report on Thursday, October 5th. Cowen set a $14.00 price objective on shares of Superior Energy Services and gave the company a “buy” rating in a report on Friday, October 6th. Finally, Deutsche Bank began coverage on shares of Superior Energy Services in a report on Tuesday, October 10th. They issued a “buy” rating and a $15.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.78.
Superior Energy Services (NYSE:SPN) traded down $0.13 during mid-day trading on Friday, hitting $10.45. 2,592,126 shares of the stock were exchanged, compared to its average volume of 3,982,873. The company has a market capitalization of $1,639.52, a PE ratio of -3.72 and a beta of 2.16. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.99 and a quick ratio of 1.64. Superior Energy Services has a 52-week low of $7.66 and a 52-week high of $18.81.
A number of large investors have recently added to or reduced their stakes in SPN. Schwab Charles Investment Management Inc. increased its position in Superior Energy Services by 40.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 771,614 shares of the oil and gas company’s stock valued at $8,048,000 after purchasing an additional 221,799 shares during the period. Rhumbline Advisers increased its position in Superior Energy Services by 14.6% during the 2nd quarter. Rhumbline Advisers now owns 322,557 shares of the oil and gas company’s stock valued at $3,364,000 after purchasing an additional 41,064 shares during the period. Comerica Bank increased its position in Superior Energy Services by 0.8% during the 2nd quarter. Comerica Bank now owns 130,803 shares of the oil and gas company’s stock valued at $1,366,000 after purchasing an additional 992 shares during the period. BNP Paribas Arbitrage SA increased its position in Superior Energy Services by 96.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 86,641 shares of the oil and gas company’s stock valued at $904,000 after purchasing an additional 42,596 shares during the period. Finally, Federated Investors Inc. PA increased its position in Superior Energy Services by 4.9% during the 2nd quarter. Federated Investors Inc. PA now owns 147,684 shares of the oil and gas company’s stock valued at $1,540,000 after purchasing an additional 6,862 shares during the period.
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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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