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Seaport Global Securities downgraded Superior Energy Services, Inc. (NYSE:SPN) to Neutral in a report released today.

Seaport Global Securities has downgraded Superior Energy Services, Inc. (NYSE:SPN) to Neutral in a report released on 6/21/2017.

Yesterday Superior Energy Services, Inc. (NYSE:SPN) traded -0.99% lower at $9.83. The company’s 50-day moving average is $9.20 and its 200-day moving average is $11.40. The last stock close price is down -12.10% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 5,486,972 shares of the stock were exchanged, up from an average trading volume of 4,301,170

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Superior Energy Services, Inc. (NYSE:SPN)

Superior Energy Services, Inc. has a 52 week low of $7.91 and a 52 week high of $19.39 The company’s market cap is currently $0.

In addition to Seaport Global Securities reporting its target price, a total of 26 brokerages have issued a ratings update on the company. The average stock price target is $18.65 with 10 brokerages rating the stock a strong buy, eleven equity analysts rating the company a buy, nine equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.

More About Superior Energy Services, Inc. (NYSE:SPN)

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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