Large Outflow of Money Witnessed in Superior Energy Services, Inc.

Shares of Superior Energy Services, Inc. (SPN) advanced to $17.68. The price had gained 0.06% or 0.01 points intraday. The latest trading session witnessed $2.33 million in upticks and $3.88 million in downticks, resulting in net money flow of (-1.56) million. The up/down ratio for the day stood at 0.6. On a weekly scale, the price has seen a change of 2.08%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-1.69) million occurred during the day. $0.19 million in uptick and $1.88 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.1.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Superior Energy Services, Inc. has dropped 0.17% in the last five trading days, however, the shares have posted positive gains of 6.04% in the last 4 weeks. Superior Energy Services, Inc. is up 26.41% in the last 3-month period. Year-to-Date the stock performance stands at 6.04%. Superior Energy Services, Inc. (NYSE:SPN) rose 1.3% or 0.23 points on Wednesday and made its way into the gainers of the day. After trading began at $17.81 the stock was seen hitting $17.92 as a peak level and $17.52 as the lowest level. The stock ended up at $17.9. The daily volume was measured at 3,182,758 shares. The 52-week high of the share price is $19.83 and the 52-week low is $8.25. The company has a market cap of $2,716 million.

Company has reported several Insider transactions to the SEC, on Feb 27, 2015, A Patrick Bernard (Senior Executive Vice Pres.) sold 37,500 shares at 22.09 per share price.On Feb 27, 2015, Lynton G Iii Cook (Executive Vice President) sold 28,029 shares at 22.18 per share price.On Feb 25, 2015, Danny R Young (Executive Vice President) sold 37,500 shares at 21.38 per share price.

Superior Energy Services Last issued its quarterly earnings results on Oct 24, 2016. The company reported $-0.73 EPS for the quarter, missing the analyst consensus estimate by $ -0.16. Analyst had a consensus of $-0.57. The company had revenue of $326.23 million for the quarter, compared to analysts expectations of $358.01 million. The companys revenue was down -45.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.46 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Superior Energy Services was Initiated by SunTrust to Hold on Jan 18, 2017. Superior Energy Services was Upgraded by Credit Suisse to Outperform on Jan 4, 2017. Superior Energy Services was Initiated by Gabelli & Co on Dec 13, 2016 to Buy, Price Target of the shares are set at $27.Superior Energy Services was Initiated by Goldman to Neutral on Nov 18, 2016.

SUPERIOR ENERGY SERVICES, INC. is engaged in the business of providing offshore plugging and abandonment and wireline services in the Gulf of Mexico, the development, manufacture and sale of electronic torque and pressure control equipment and thread protectors which are used in connection with oil and gas exploration, the development, manufacture and sale of oil spill containment boom and ancillary equipment and the rental of specialized oil well equipment and fishing tools.


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