KeyBanc Starts Superior Energy Services (SPN) at Hold

KeyBanc initiated coverage on Superior Energy Services (NYSE: SPN) with a Hold rating.

Analyst Robin Shoemaker said, "Our HOLD rating on the stock implies that we see less than 10% upside/downside potential over the next 6-12 months. SPN trades at a discount to the average P/E and EV/EBITDA multiples of its peers (see Figure 6). Investor sentiment on the stock has been improving and the stock has advanced 25% year-to-date vs. the OSX roughly flat. For now we prefer other companies in our small/mid cap oil service coverage universe."

For an analyst ratings summary and ratings history on Superior Energy Services click here. For more ratings news on Superior Energy Services click here.

Shares of Superior Energy Services closed at $33.18 yesterday.

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