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SunTrust upgraded Superior Energy (NYSE:SPN) from Hold to Buy in a report released today.

SunTrust has upgraded Superior Energy (NYSE:SPN) from Hold to Buy in a report released on 11/21/2017.

Previously on 10/25/2017, Cowen released a statement about Superior Energy (NYSE:SPN) reduced the target price from $14.00 to $12.00. At the time, this indicated a possible upside of 0.52%.

Just yesterday Superior Energy (NYSE:SPN) traded -4.70% lower at $8.82. Superior Energy’s 50-day moving average is $9.94 and its 200-day moving average is $10.50. The last stock price is down -24.76% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.01% over the same time period. 8,745,303 shares of SPN traded hands, up from an average trading volume of 3,794,180

Recent Performance Chart

Superior Energy (NYSE:SPN)

Superior Energy has 52 week low of $7.85 and a 52 week high of $19.28 and has a market capitalization of $0.

In addition to SunTrust reporting its stock price target, 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, 11 brokerages rating the stock a buy, 9 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Superior Energy (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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