In this part, we’ll discuss the top percentage losses from the oilfield services sector in the US this week. To compile the list of the top oilfield services losses, we used the oilfield services companies with market capitalization greater than $100 million and an average volume greater than 100,000 shares last week.
Superior Energy Services
In the current week starting on March 26, 2018, Superior Energy Services (SPN) has the top losses in the oilfield services sector. So far, Superior Energy Services has fallen from $9.14 to $8.87—a decrease of almost 3.0%.
Superior Energy Services hasn’t provided a press release this week. The company’s shares have been declining since last Thursday. In the last three days, Superior Energy Services has fallen ~13%. The decline also caused Superior Energy Services to move below its 50-day and 200-day moving averages. As of March 26, Superior Energy Services is trading at $8.87, while its 50-day and 200-day moving averages stand at $9.77 and $9.73, respectively.
Superior Energy Services isn’t trading far from its 52-week low of $7.66 made on October 26, 2017.
On the list of the losses from the oilfield services sector, Superior Energy Services is followed by CARBO Ceramics (CRR), Basic Energy Services (BAS), and Archrock (AROC). So far, the stocks have fallen ~2.6%, ~2.2%, and ~0.6% this week.
In general, there’s positive sentiment about the oilfield services stocks this week. The positive sentiment is evident in the SPDR S&P Oil & Gas Equipment & Services ETF’s (XES) gain of ~0.1%. XES represents an index of stocks from the oilfield services industry.