Williams Financial Group Starts Superior Energy Services (SPN) at Buy, Likes Diversity of Business
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Price: $0.93 --0%
Rating Summary:
11 Buy, 19 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
11 Buy, 19 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Williams Financial Group initiates coverage on Superior Energy Services (NYSE: SPN) with a Buy. PT $30.00.
The firm comments, "We favor SPN for diversity of business lines though just over 70% of activity is NAM-driven with a nearly even split of the balance between US GOM and International operations. No single business represents more than 20% of revenue (Pressure Pumping is the largest), and the multiple product offerings should promote the company’s strategy of continued international growth"
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 $23.45 yesterday.
The firm comments, "We favor SPN for diversity of business lines though just over 70% of activity is NAM-driven with a nearly even split of the balance between US GOM and International operations. No single business represents more than 20% of revenue (Pressure Pumping is the largest), and the multiple product offerings should promote the company’s strategy of continued international growth"
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 $23.45 yesterday.
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