Stephens began coverage on shares of Superior Energy Services (NYSE:SPN) in a research note released on Tuesday, January 9th, Marketbeat reports. The brokerage issued an equal weight rating and a $12.00 target price on the oil and gas company’s stock.
SPN has been the subject of several other research reports. Deutsche Bank assumed coverage on Superior Energy Services in a research note on Tuesday, October 10th. They set a buy rating and a $15.00 price target for the company. Zacks Investment Research raised Superior Energy Services from a hold rating to a buy rating and set a $11.00 target price for the company in a research note on Tuesday, January 2nd. Susquehanna Bancshares raised Superior Energy Services from a neutral rating to a positive rating and boosted their target price for the company from $9.00 to $15.00 in a research note on Friday, January 5th. SunTrust Banks raised Superior Energy Services from a hold rating to a buy rating and set a $20.00 target price for the company in a research note on Monday, November 20th. Finally, Barclays set a $10.00 target price on Superior Energy Services and gave the company a hold rating in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $12.78.
Shares of Superior Energy Services (NYSE:SPN) opened at $10.37 on Tuesday. 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.
Several hedge funds have recently bought and sold shares of SPN. Schwab Charles Investment Management Inc. grew its holdings in shares of 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 worth $8,048,000 after acquiring an additional 221,799 shares during the period. Comerica Bank grew its holdings in shares of 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 worth $1,366,000 after acquiring an additional 992 shares during the period. Federated Investors Inc. PA grew its stake in shares of Superior Energy Services by 4.9% in the 2nd quarter. Federated Investors Inc. PA now owns 147,684 shares of the oil and gas company’s stock worth $1,540,000 after buying an additional 6,862 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of Superior Energy Services by 8.8% in the 2nd quarter. Prudential Financial Inc. now owns 102,653 shares of the oil and gas company’s stock worth $1,071,000 after buying an additional 8,321 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its stake in shares of 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 buying an additional 1,289 shares during 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.
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