Market Overview

UPDATE: Williams Financial Group Initiates Superior Energy Service at Buy on Long-Term Outlook

Related SPN
Jefferies Just Hiked These Oil Stocks, Firm Prefers Onshore Business
Oppenheimer Upgrades Superior Energy On 'Favorable' Risk/Reward
Snipp Interactive Signs Receipt-Processing Deal for Leading Retail Property Company's Loyalty ... (GuruFocus)

Williams Financial Group initiated coverage on Superior Energy Service (NYSE: SPN) with a Buy rating and a price target of $30.

Williams Financial Group commented, "With the acquisition of Complete Production Services earlier in the year, SPN derived more than 70% of 2Q revenue from US onshore activity. While the timing was unfortunate, the motive for the acquisition relative to the long‐term company strategy is sound. Furthermore, we do believe management is in place to compete with the largest global service providers across a very broad product and service spectrum."

Superior Energy Services closed at $23.45 on Thursday.

Latest Ratings for SPN

Aug 2015Imperial CapitalMaintainsOutperform
Aug 2015CitigroupMaintainsNeutral
Jul 2015JefferiesUpgradesHoldBuy

View More Analyst Ratings for SPN
View the Latest Analyst Ratings

Posted-In: Williams Financial GroupAnalyst Color Initiation Intraday Update Analyst Ratings


Related Articles (SPN)

View Comments and Join the Discussion!

Get Benzinga's Newsletters