RBC Capital Downgrades Superior Energy Services (SPN) to Underperform

May 22, 2020 6:43 AM EDT
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Price: $0.93 --0%

Rating Summary:
    11 Buy, 19 Hold, 5 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 2 | Down: 23 | New: 24
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RBC Capital analyst Kurt Hallead downgraded Superior Energy Services (NYSE: SPN) from Sector Perform to Underperform with a price target of $105.00 (from $1.75).

The analyst comments "The fundamental outlook for SPN has radically changed with the COVID-19 economic impact and the collapse in oil price. As such, we are downgrading SPN to Underperform from Sector Perform and assigning a Speculative Risk rating."

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 $0.99 yesterday.

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