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Seaport Global Securities Upgrades Superior Energy Services (SPN) to Buy

February 21, 2018 7:43 AM EST
Get Alerts SPN Hot Sheet
Price: $0.93 --0%

Rating Summary:
    11 Buy, 19 Hold, 5 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 24 | New: 19
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Seaport Global Securities upgraded Superior Energy Services (NYSE: SPN) from Neutral to Buy with a price target of $14.00 (from $8.00).

Analyst Mike Urban comments "SPN is a key beneficiary of the key themes highlighted in our 2018 outlook report, in particular the shift in focus to completions and production in the US as well an acceleration in International activity. What has been lacking to date has been consistent execution, which was on display in Q4 and appears set to continue in 2018. We applaud SPN's decision to focus on its core competencies (moving away from sourcing sand) and remain focused on capital discipline, which should create further equity value as free cash ramps up (reduced leverage)."

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 $9.37 yesterday.



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