Royal Bank of Canada set a $11.00 price objective on Superior Energy Services (NYSE:SPN) in a research note published on Saturday morning. The firm currently has a hold rating on the oil and gas company’s stock.
A number of other research analysts have also issued reports on the company. Citigroup reduced their price objective on Superior Energy Services from $12.00 to $9.00 and set a neutral rating for the company in a research report on Tuesday, February 13th. ValuEngine downgraded Superior Energy Services from a sell rating to a strong sell rating in a research note on Friday, February 2nd. BMO Capital Markets reaffirmed a hold rating and set a $10.00 target price on shares of Superior Energy Services in a research note on Tuesday, January 16th. Scotia Howard Weill reaffirmed a sector perform rating on shares of Superior Energy Services in a research note on Friday, January 12th. Finally, Howard Weil downgraded Superior Energy Services from a sector outperform rating to a sector perform rating in a research note on Friday, January 12th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $12.63.
Superior Energy Services (NYSE SPN) opened at $8.91 on Friday. Superior Energy Services has a 12-month low of $7.66 and a 12-month high of $17.60. The stock has a market capitalization of $1,363.97, a P/E ratio of -3.17 and a beta of 2.05. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.64 and a current ratio of 1.99.
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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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