• Return to Headlines

Superior Energy: New 52-Week Low Set Today (SPN)

By James Quinn

Shares of Superior Energy (NYSE:SPN) traded today at $0.85, breaking its 52-week low. This new low was reached on below average trading volume as 431,000 shares traded hands, while the average 30-day volume is approximately 4.3 million shares.

Superior Energy Services, Inc. provides the drilling, completion and production related needs of oil and gas companies. The Company plans and designs solutions specialized in oilfield services and equipment that are used throughout the life cycle of oil and gas wells.

Superior Energy (NYSE:SPN) has potential upside of 1,421.4% based on a current price of $0.85 and analysts' consensus price target of $12.87. The stock should find initial resistance at its 50-day moving average (MA) of $1.74 and further resistance at its 200-day MA of $4.55.

In the past 52 weeks, Superior Energy share prices have been bracketed by a current low of $0.85 and a high of $11.14 and are now at $0.85. Over the past week, the 200-day moving average (MA) has gone down 2.8% while the 50-day MA has declined 7.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Superior Energy on April 30th, 2019 by issuing a Downtrend alert when the shares were trading at $3.81. Since that call, shares of Superior Energy have fallen 76.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows Superior Energy

Ticker(s): SPN