The stock of Superior Energy Services, Inc. (NYSE:SPN) is a huge mover today! About 909,925 shares traded hands. Superior Energy Services, Inc. (NYSE:SPN) has risen 8.05% since April 13, 2016 and is uptrending. It has outperformed by 4.12% the S&P500.
The move comes after 6 months positive chart setup for the $2.51B company. It was reported on Nov, 15 by Barchart.com. We have $26.57 PT which if reached, will make NYSE:SPN worth $1.63 billion more.
Superior Energy Services, Inc. (NYSE:SPN) Ratings Coverage
Out of 20 analysts covering Superior Energy Services (NYSE:SPN), 13 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 65% are positive. Superior Energy Services has been the topic of 69 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Sector Outperform” rating by Howard Weil given on Wednesday, October 26. The company was upgraded on Thursday, March 17 by Morgan Stanley. Howard Weil maintained the stock with “Focus Stock” rating in Friday, October 30 report. The firm earned “Buy” rating on Monday, November 30 by Guggenheim. Morgan Stanley maintained Superior Energy Services, Inc. (NYSE:SPN) on Tuesday, April 19 with “Overweight” rating. On Wednesday, February 24 the stock rating was maintained by Howard Weil with “Focus Stock”. The firm has “Outperform” rating by iBERIA Capital Partner given on Tuesday, May 3. The company was maintained on Tuesday, May 3 by Cowen & Co. The stock has “Outperform” rating given by Credit Suisse on Monday, December 21. The rating was upgraded by Barclays Capital to “Overweight” on Wednesday, April 20.
According to Zacks Investment Research, “SUPERIOR ENERGY SERVICES, INC. is engaged in the business of providing offshore plugging and abandonment and wireline services in the Gulf of Mexico, the development, manufacture and sale of electronic torque and pressure control equipment and thread protectors which are used in connection with oil and gas exploration, the development, manufacture and sale of oil spill containment boom and ancillary equipment and the rental of specialized oil well equipment and fishing tools.”
Insitutional Activity: The institutional sentiment decreased to 1.09 in 2016 Q2. Its down 0.10, from 1.19 in 2016Q1. The ratio is negative, as 35 funds sold all Superior Energy Services, Inc. shares owned while 101 reduced positions. 47 funds bought stakes while 101 increased positions. They now own 155.01 million shares or 0.59% more from 154.10 million shares in 2016Q1.
California Pub Employees Retirement Sys accumulated 0.02% or 681,600 shares. The New York-based Cornerstone Cap Mngmt Holding Limited Liability Company has invested 0.03% in Superior Energy Services, Inc. (NYSE:SPN). Manufacturers Life Insur Company The reported 204,529 shares or 0.01% of all its holdings. Van Eck accumulated 5.69 million shares or 0.54% of the stock. Adage Capital Prns Gp Limited Liability Co accumulated 200,000 shares or 0.01% of the stock. State Of New Jersey Common Pension Fund D reported 150,000 shares or 0.01% of all its holdings. Teachers Retirement Of The State Of Kentucky owns 30,300 shares or 0.01% of their US portfolio. Goldman Sachs, a New York-based fund reported 1.34 million shares. Ig Inv Management has 3,244 shares for 0% of their US portfolio. Axa holds 0.02% of its portfolio in Superior Energy Services, Inc. (NYSE:SPN) for 282,000 shares. Wellington Mngmt Group Inc Ltd Liability Partnership has 191,520 shares for 0% of their US portfolio. Advsr Asset Mngmt Inc has 0% invested in the company for 3,800 shares. Ls Inv Advisors Limited holds 0.01% of its portfolio in Superior Energy Services, Inc. (NYSE:SPN) for 9,095 shares. Alliancebernstein L P last reported 0% of its portfolio in the stock. Indexiq Advisors Limited Liability has invested 0.01% of its portfolio in Superior Energy Services, Inc. (NYSE:SPN).
Another recent and important Superior Energy Services, Inc. (NYSE:SPN) news was published by Forbes.com which published an article titled: “Superior Energy Services Stock Sees Short Interest Make 20.8% Move” on October 26, 2016.
SPN Company Profile
Superior Energy Services, Inc., incorporated on April 26, 1991, 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 divisions include Drilling Products and Services; Onshore Completion and Workover Services; Production Services, and Technical Solutions. The Drilling Products and Services segment rents and sells bottom hole assemblies, drill pipe, tubulars and specialized equipment for use with onshore and offshore gas and oil well drilling, completion, production and workover activities. It also provides on-site accommodations and machining services. The Onshore Completion and Workover Services segment provides pressure pumping services used to complete and stimulate production in new gas and oil wells, fluid handling services and well servicing rigs that provide a range of well completion, workover and maintenance services. The Production Services segment provides intervention services, such as coiled tubing, cased hole and mechanical wireline, hydraulic workover and snubbing, production testing and optimization, and remedial pumping services. The Technical Solutions segment provides services typically requiring specialized engineering, manufacturing or project planning, including well containment systems, stimulation and sand control services and well plug and abandonment services. It also includes production handling arrangements and the production and sale of gas and oil.
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