Seaport Global Cuts Rating On Key Energy Services, Inc. (KEG) To "Neutral"

Ivan Schwartz
June 22, 2017

Checking in on the RSI or relative strength index for Superior Energy Services, Inc. The 1832 Asset Management Lp holds 1.18 million shares with $81.35M value, up from 1.17M last quarter. Folger Hill Asset Management LP bought a new stake in shares of Superior Energy Services during the fourth quarter worth about $844,000. RBC Capital Markets downgraded Superior Energy Services, Inc.

09/21/2015 - Key Energy Services, Inc. was downgraded to "sector perform" by analysts at Imperial Capital. (NYSE:SPN). Lpl Fincl Limited Liability invested 0% of its portfolio in Superior Energy Services, Inc. (NYSE:SPN) to report earnings on July, 24.

The stock shows a Short Ratio of 4.06 with the total number of Shares Short (Previous Month) of 17.89 Million.

The Average Volume for 10 days is 4.04 Million for Superior Energy Services (NYSE:SPN).

SPN's fiscal year ends Dec 31, 2016 and the most recent quarter started on Mar 31, 2017. London Co Of Virginia stated it has 4.15 million shares or 0.48% of all its holdings. Principal Gru Inc invested in 0.01% or 605,007 shares. Finally, KCG Holdings Inc. boosted its position in Superior Energy Services by 8.6% in the third quarter. (NYSE:SPN). First Citizens National Bank And Trust Co, North Carolina-based fund reported 11,437 shares. Sumitomo Mitsui Tru Hldg holds 0% or 18,800 shares. Seaport Global Securities cut Superior Energy Services from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $13.00 to $10.00 in a research report on Wednesday. As per Wednesday, October 5, the company rating was maintained by Citigroup. Dimensional Fund Advsrs L P has 5.97 million shares for 0.05% of their portfolio.

Superior Energy Services (NYSE:SPN) shows a Forward Annual Dividend Rate of $0.08 and Trailing Annual Dividend Yield of 0.76% according to MorningStar Inc. This downward move has put the stock in the top loser category moving into the second half of the trading period.Superior Energy Services, Inc. The stock has a 50 day moving average price of $10.97 and a 200 day moving average price of $14.74. Superior Energy Services's revenue for the quarter was down 3.0% compared to the same quarter previous year.

09/21/2015 - Key Energy Services, Inc. was downgraded to "sector perform" by analysts at Iberia Capital. The firm has "Buy" rating given on Tuesday, December 8 by Topeka Capital Markets. Finally, Royal Bank Of Canada reissued a "hold" rating and set a $20.00 price target on shares of Superior Energy Services in a report on Monday, April 3rd. As per Thursday, October 13, the company rating was upgraded by Goldman Sachs. On Wednesday, July 13 the stock rating was maintained by Citigroup with "Buy".

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Viking Fund Management Llc decreased its stake in Superior Energy Services Inc (SPN) by 12.84% based on its latest 2016Q4 regulatory filing with the SEC. (NYSE:KEG) in a report released on Wednesday, May 17th.

Shares of Key Energy Services (NYSE KEG) traded down 2.99% during mid-day trading on Wednesday, reaching $17.50.

10/15/2015 - Key Energy Services, Inc. had its "market perform" rating reiterated by analysts at Cowen. (NYSE:SPN) has declined 25.14% since June 21, 2016 and is downtrending. It has underperformed by 16.70% the S&P500. After posting $-0.59 EPS for the previous quarter, Superior Energy Services, Inc.'s analysts now forecast -18.64 % EPS growth. The business's revenue for the quarter was down 3.0% compared to the same quarter past year. Also Prnewswire.com published the news titled: "Oil & Gas Stocks Under Review - Superior Energy Services, TechnipFMC ..." on May 31, 2017.

WPX Energy, Inc. (WPX) now has P/E (Price to Earnings) ratio of 0 while the company's industry has 20.92 P/E and the sector P/E is 16.48.

Superior Energy Services, Inc.

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