Superior Energy Services (NYSE:SPN) has been assigned a $10.00 price objective by investment analysts at Jefferies Group in a research report issued on Thursday, January 4th. The firm currently has a “hold” rating on the oil and gas company’s stock. Jefferies Group’s price objective would indicate a potential downside of 6.63% from the stock’s previous close. Jefferies Group also issued estimates for Superior Energy Services’ FY2019 earnings at $0.10 EPS.

SPN has been the subject of several other reports. Deutsche Bank assumed coverage on Superior Energy Services in a research report on Tuesday, October 10th. They set a “buy” rating and a $15.00 price target for the company. Zacks Investment Research upgraded Superior Energy Services from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Tuesday, January 2nd. SunTrust Banks upgraded Superior Energy Services from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Monday, November 20th. Barclays set a $10.00 price target on Superior Energy Services and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Finally, Cowen set a $12.00 price target on Superior Energy Services and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $12.78.

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Shares of Superior Energy Services (NYSE:SPN) opened at $10.71 on Thursday. Superior Energy Services has a one year low of $7.66 and a one year high of $18.81. The stock has a market capitalization of $1,660.00, a price-to-earnings ratio of -4.35 and a beta of 2.16. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.64 and a current ratio of 1.99.

Large investors have recently added to or reduced their stakes in the stock. Summit Financial Wealth Advisors LLC purchased a new position in Superior Energy Services in the third quarter valued at $107,000. Suntrust Banks Inc. purchased a new position in Superior Energy Services in the second quarter valued at $108,000. Oakbrook Investments LLC purchased a new position in Superior Energy Services in the fourth quarter valued at $108,000. Nomura Holdings Inc. purchased a new position in Superior Energy Services in the second quarter valued at $116,000. Finally, Crossmark Global Holdings Inc. purchased a new position in Superior Energy Services in the third quarter valued at $126,000.

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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.

Analyst Recommendations for Superior Energy Services (NYSE:SPN)

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