Citigroup Lowers Superior Energy Services (SPN) Price Target to $9.00
Superior Energy Services (NYSE:SPN) had its price target decreased by analysts at Citigroup from $12.00 to $9.00 in a note issued to investors on Tuesday. The firm currently has a “neutral” rating on the oil and gas company’s stock. Citigroup’s price target points to a potential upside of 7.66% from the stock’s current price.
SPN has been the topic of several other research reports. Howard Weil downgraded Superior Energy Services from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, January 12th. Zacks Investment Research upgraded Superior Energy Services from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Tuesday, January 2nd. Susquehanna Bancshares upgraded Superior Energy Services from a “neutral” rating to a “positive” rating and increased their target price for the stock from $9.00 to $15.00 in a research report on Friday, January 5th. SunTrust Banks upgraded Superior Energy Services from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Monday, November 20th. Finally, Barclays set a $10.00 target price on Superior Energy Services and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.58.
Superior Energy Services (SPN) traded down $0.14 during midday trading on Tuesday, hitting $8.36. The stock had a trading volume of 787,107 shares, compared to its average volume of 3,871,801. 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 1 year low of $7.66 and a 1 year high of $18.43. The company has a market capitalization of $1,273.65, a P/E ratio of -2.98 and a beta of 2.05.
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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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