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Wall Street’s Forecasts for Superior Energy Services after 4Q17

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Wall Street’s forecasts for Superior Energy Services

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Analysts’ rating for Superior Energy Services

On February 19, approximately 50% of analysts tracking Superior Energy Services rated it a “buy” or equivalent. Approximately 50% rated the company a “hold.” None of the sell-side analysts recommended a “sell” or equivalent. Superior Energy Services is 3.5% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES). XES has decreased 31% year-to-date versus a 43.6% fall in SPN’s stock price during the period.

By comparison, approximately 77% of the Wall Street analysts tracking TETRA Technologies (TTI) rated it a “buy” or some equivalent on February 19. Approximately 23% rated the company a “hold,” and none of the sell-side analysts tracking TTI rated it a “sell” or equivalent.

Analysts’ rating changes for SPN

From November 19, 2017, to February 19, 2018, the percentage of analysts recommending a “buy” or equivalent for SPN has decreased from 52% to 50%. Analysts’ “hold” recommendations have increased for SPN during the period. A year ago, ~63% of sell-side analysts recommended a “buy” for SPN.

Analysts’ target prices for SPN

Wall Street analysts’ mean target price on February 19 was ~$11.7 for Superior Energy Services. SPN is currently trading at ~$8.9, implying ~32% upside at its current price. Analysts’ average target price for SPN was $12.1 a month ago.

Next in this series, we’ll discuss Wall Street analysts’ forecasts for U.S. Silica Holdings.

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