.png "Superior Energy (NYSE: SPN)")
In a report released today, Marc Bianchi from Cowen & Co. reiterated a Buy rating on Superior Energy (SPN), with a price target of $10. The company’s shares closed on Friday at $5.45, close to its 52-week low of $5.38.
According to TipRanks.com, Bianchi has 0 stars on 0-5 star ranking scale with an average return of -14.8% and a 25.0% success rate. Bianchi covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Baker Hughes a GE company, and Diamond Offshore Drilling.
Superior Energy has an analyst consensus of Moderate Buy, with a price target consensus of $9.91.
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The company has a one-year high of $12.73 and a one-year low of $5.38. Currently, Superior Energy has an average volume of 3.81M.
Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SPN in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Superior Energy Services, Inc. engages in the provision of oilfield services and equipment. It operates through the following business segments: Drilling Products and Services; Onshore Completion and Workover Services; Production Services; and Technical Solutions. The Drilling Products and Services segment provides downhole drilling tools and surface rentals.
