Analysts’ Forecast for Superior Energy Services

Analysts’ forecast for Superior Energy Services

In this part, we’ll discuss Wall Street analysts’ forecast for Superior Energy Services (SPN) as of June 28.

Analysts’ Forecast for Superior Energy Services

Analysts’ ratings for Superior Energy Services

Approximately 50% of the Wall Street analysts tracking Superior Energy Services rated it as a “buy” or some equivalent as of June 28. Approximately 50% of the sell-side analysts rated the company as a “hold,” while none of the analysts recommended a “sell” or some equivalent.

In comparison, ~14% of the sell-side analysts tracking National Oilwell Varco (NOV) rated it as “buy,” while 76% rated it as a “hold” as of June 28.

Rating changes 

On March 28–June 28, the percentage of analysts recommending a “buy” for Superior Energy Services decreased from 52% to 50%. As of June 28, 2017, ~53% of the sell-side analysts recommended a “buy” for Superior Energy Services.

Analysts’ target prices

As of June 28, Wall Street analysts’ mean target price for Superior Energy Services was $12.8. Currently, Superior Energy Services is trading at ~$9.7, which implies ~32% upside at its current price. Analysts’ mean target price for Superior Energy Services was $12.9 last month.

Peers’ target prices

The mean target price, surveyed among sell-side analysts, for Nabors Industries (NBR) was $9.8 as of June 28. Nabors Industries was trading at $6.4 as of June 28, which implies nearly 53% returns at the current price. The mean target price, surveyed among the sell-side analysts, for Patterson-UTI Energy (PTEN) was $25.7 as of June 28. Patterson-UTI Energy was trading at ~$18.3 as of June 28, which implies 40% upside at the current price.

To learn more, read Market Realist’s Top Five Oilfield Equipment and Services Companies.