Canaccord Genuity Starts Superior Energy Services (SPN) at Buy; Diversified Mid-Cap

Canaccord Genuity initiates coverage on Superior Energy Services (NYSE: SPN) with a Buy. PT $35.00.

Analyst, Scott Burk, said, "With its recent acquisition of Complete Production Services, Superior Energy is the only diversified mid-cap oilfield service company, making the combined company better equipped to compete with the larger oilfield services outfits and to expand internationally."

"Relatively high debt level. Net debt of 53% is higher than most peers, which could lead to more volatility for SPN."

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 $28.54 yesterday.

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