UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Superior Energy Services
In a report published Friday, Jefferies & Company reiterated its Hold rating on Superior Energy Services (NYSE: SPN), and slightly raises its price target from $21.00 to $22.00.
Jefferies noted, “SPN's Gulf of Mexico (GoM) and non-North America upside caught our attention this quarter, with P&A resiliency in the GoM, rental tools strength generally and apparent completion tools momentum. U.S. onshore is still a weight, but that weight resets GoM + non-NAM to 1/2 of EBIT in 2013E. We'd prefer greater comfort with growth/margin prospects outside of U.S. land and FCF prospects before getting more constructive.”
Superior Energy Services closed on Thursday at $20.24.
Latest Ratings for SPN
|Jan 2017||SunTrust Robinson Humphrey||Initiates Coverage On||Hold|
|Jan 2017||Credit Suisse||Upgrades||Neutral||Outperform|
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