Jefferies Starts Superior Energy Services (SPN) at Buy

Jefferies initiates coverage on Superior Energy Services (NYSE: SPN) with a Buy. PT $40.00.

The firm comments, "While the pending SPN/CPX merger will significantly increase SPN’s NAM land exposure and the margin headwinds that will come with it, we believe the combined SPN/CPX entity remains attractively valued given the volume growth expected from the NAM onshore market and upside from GOM activity and international capex spending."

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 $27.69 yesterday.

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