Analysts have a consensus target price of $ 14.19 in the 12-month period. The price objective is 5.97% higher than the recent closing price of $ 13.39. The 52-week price range is $ 8.25 – 26.46 and the company has a market capitalization of $ 2.03B. Analysts covering the shares maintain a consensus Strong Buy rating, according to Zacks Investment Research. zero analyst has rated the stock with a sell rating, 4 has assigned a hold rating, 1 says it’s a buy, and 14 have assigned a strong buy rating to the company.
Superior Energy Services, Inc. (SPN) announced on March 31, 2016 that, following a recommendation of the Company’s management team, its Board of Directors has approved the elimination of the Company’s quarterly dividend.
David Dunlap, President and CEO, commented, “The elimination of our dividend is consistent with our goal of preserving cash during this downturn. Also in line with this goal, our executive officers have all taken reduced base salaries. We will continue to be thoughtful in our approach to uses of cash and cost reductions in the future and will attempt to maintain as much readiness for a recovery as possible. This downturn has been severe in extent and duration but we believe our cost reduction efforts will allow for improved financial performance when industry spending levels begin to increase.”
Superior Energy Services, Inc. serves the drilling, completion and production-related needs of oil and gas companies worldwide through its brand name drilling products and its integrated completion and well intervention services and tools, supported by an engineering staff who plan and design solutions for customers.
Superior Energy Services, Inc. provides specialized oilfield services and equipment to crude oil and natural gas exploration and production companies in the United States, the Gulf of Mexico, and internationally. It operates through four segments: Drilling Products and Services; Onshore Completion and Workover Services; Production Services; and Technical Solutions. The Drilling Products and Services segment rents tubulars, including primary drill pipe strings, tubing landing strings, completion tubulars, and associated accessories; and manufactures and rents bottom hole tools, such as stabilizers, non-magnetic drill collars, and hole openers, as well as rents temporary onshore and offshore accommodation modules and accessories.
0 yorum:
Yorum Gönder