Canaccord Genuity Maintains a 'Buy' on Superior Energy Services (SPN); Near-Term Focus on North America

Canaccord Genuity maintains a 'Buy' on Superior Energy Services (NYSE: SPN) price target of $35.00.

Analyst, Scott Burk, said, "We were initially disappointed with the low share of 2012 capex earmarked for international growth, but that capex shift will occur gradually over the next couple of years...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 eventually expand internationally."

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 $30.09 yesterday.

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