Superior Energy Services Rises On Unusually High Volume (SPN)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Superior Energy Services (NYSE: SPN) is trading at unusually high volume Friday with 3.9 million shares changing hands. It is currently at two times its average daily volume and trading up $1.54 (+6.3%) at $25.86 as of 3:30 p.m. ET.

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Superior Energy Services has a market cap of $3.92 billion and is part of the basic materials sector and energy industry. Shares are up 17.4% year to date as of the close of trading on Thursday.

Superior Energy Services, Inc. provides specialized oilfield services and equipment to oil and gas companies. The company operates in four segments: Drilling Products and Services; Onshore Completion and Workover Services; Production Services; and Subsea and Technical Solutions. The company has a P/E ratio of 9.7, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Superior Energy Services as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Superior Energy Services Ratings Report.

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