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Superior Energy Services, Inc. (SPN) [hlAlert]

Rating:
Strong Buy
SPN
down 47.93 %

Superior Energy Services, Inc. (SPN) rated Strong Buy by Raymond James

Posted on: Monday,  Feb 24, 2014  9:25 AM ET by Raymond James

Raymond James rated Strong Buy Superior Energy Services, Inc. (NYSE: SPN) on 02/24/2014, when the stock price was $28.75.
Since then, Superior Energy Services, Inc. has lost 47.93% as of 01/14/2016's recent price of $14.97.
If you would have followed this Raymond James's recommendation on SPN, you would have lost 47.93% of your investment in 689 days.

Superior Energy Services, Inc. is a diversified provider of specialized oilfield services and equipment. The Company focuses on serving the drilling-related needs of oil and gas companies primarily through its rental tools segment, and the production-related needs of oil and gas companies through its well intervention, rental tools and marine segments. Superior Energy Services, Inc. also owns and operates oil and gas properties in the Gulf of Mexico. It operates in four business segments: well intervention services, rental tools, marine services and oil and gas operations. On March 14, 2008, the Company completed the sale of 75% of its interest in SPN Resources, LLC (SPN Resources).

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/24/2014 9:25 AM Buy
None
28.75
as of 10/17/2014
1 Week down  -8.26 %
1 Month down  -26.75 %
3 Months down  -31.21 %
1 YTD down  -13.91 %

(*) Stock Price at the time of the recommendation.
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