Wall Street’s forecasts for Superior Energy Services
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.