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  • A Superior Choice For An Energy Stock $SPN 0 comments
    Nov 7, 2012 7:24 PM | about stocks: SPN

    If your looking for some new energy investments then we have a stock for you. With a buy recommendation and the CEO purchasing shares you can't go wrong. The company has stabilized after sliding for a bit and is ready to be the newest addition to your portfolio.

    One of the energy stocks in my portfolio, Superior Energy Services (NYSE:SPN), has performed much better lately. This cheap oil services firm has also picked up some positive catalysts that should continue to push the shares higher.

    Recent positives for Superior:

    • Williams Financial Group just initiated the shares as "Buy" with a price target of $30 a share this week.
    • The CEO has purchased some $300K in new shares over the last six months.
    • After falling for months, consensus earnings estimates for both FY2012 and FY2013 have stabilized and remained the same as they were a month ago, $2.83 a share in FY2012 and $2.71 in FY2013.

    "Superior Energy Services provides specialized oilfield services and equipment to serve the production and drilling-related needs of oil and gas companies. It operates through three segments: Subsea and Well Enhancement, Drilling Products and Services, and Marine."

    (click to enlarge)

    Read Full Article Here:

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: Oil and Gas Stocks: SPN
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