Sector: Oil & Gas Equipment & Services
Fundamentals: PEG Ratio 0.345; ROE 33.20%.
Superior Energy Services, Inc. provides oilfield services and equipment focusing on serving the production-related needs of oil and gas companies in the Gulf of Mexico and the drilling-related needs of oil and gas companies worldwide. The company operates through five segments: Well Intervention, Rental Tools, Marine, Other Oilfield Services, and Oil and Gas. The Well Intervention segment provides plug and abandonment services, coiled tubing services, well pumping and stimulation services, data acquisition services, gas lift services, electric wireline services, hydraulic drilling and workover services, well control services, engineering support, technical analysis, and mechanical wireline services that perform various maintenance and repairs to producing wells, as well as modifications to wells. The Rental Tools segment rents and sells equipment for use with onshore and offshore oil and gas well drilling, completion, production, and workover activities. The Marine segment operates liftboats for production service activities, as well as oil and gas production facility maintenance, construction operations, and platform removals.
Technicals: Heavy volume buy in daily chart for first 3 days of Jan 2008. MA(50) above MA(200).
Target 1 : $42.76 (Target 2: $43.98 based on trendlines resistance shown in image below)
Stop loss: $37.94 (Reason MA(200) value is $38.14 and placing stop loss below that)
Next Earnings: 04/21/2008
Last Analyst Rating: Buy
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