Superior Energy (SPN) is Upgraded by Credit Suisse to Outperform

Superior Energy (SPN) is Upgraded by Credit Suisse to Outperform , according to the research report released to the investors. Earlier the firm had a rating of Neutral on the company shares. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.

Shares of Superior Energy Services, Inc. (NYSE:SPN) ended Thursday session in red amid volatile trading. The shares closed down 0.8 points or 5.76% at $13.09 with 2,960,184 shares getting traded. Post opening the session at $13.8, the shares hit an intraday low of $12.91 and an intraday high of $13.89 and the price vacillated in this range throughout the day. The company has a market cap of $1,973 million and the number of outstanding shares has been calculated to be 150,735,570 shares. The 52-week high of Superior Energy Services, Inc. (NYSE:SPN) is $26.95 and the 52-week low is $12.35.

During the last several months other analysts have commented on the company rating. Equity analysts at the Brokerage firm Citigroup upgrades its rating on Superior Energy Services, Inc. (NYSE:SPN). The rating major has initiated the coverage with an buy rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The Analysts at Citigroup maintains a current price target of $17 per share. The rating by the firm was issued on December 11, 2015.

Superior Energy Services, Inc. (NYSE:SPN) has received a hold rating for the short term, according to the latest rank of 3 from research firm, Zacks. The company received an average rating of 1.5 from 20 analysts. 15 have rated it as a strong buy. 5 analysts have rated the company at hold.

Superior Energy Services, Inc. (NYSE:SPN): 19 analysts have set the short term price target of Superior Energy Services, Inc. (NYSE:SPN) at $18.58. The standard deviation of short term price target has been estimated at $2.5, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 25 and $14 respectively.

Superior Energy Services, Inc. has lost 7.49% in the last five trading days and dropped 12.03% in the last 4 weeks. Superior Energy Services, Inc. has dropped 5.73% during the last 3-month period . Year-to-Date the stock performance stands at -33.91%.

Superior Energy Services, Inc. is a provider of oilfield services and equipment. The Company offers a variety of products and services throughout the life cycle of an oil and gas well. It serves energy industry customers focuses on developing and producing oil and gas worldwide. The Company has four segments: Drilling Products and Services, Onshore Completion and Workover Services, Production Services and Subsea and Technical Solutions. Its operations are managed and organized by both business units and geomarkets offering product and service families within various phases of a well’s economic lifecycle. On February 7, 2012, it acquired Complete Production Services, Inc. (Complete). On February 15, 2012, the Company sold a derrick barge to a marine construction company based in India.