Superior Energy Services Reaches New 52-Week High (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) hit a new 52-week high Monday as it is currently trading at $28.86, above its previous 52-week high of $28.84 with 450,405 shares traded as of 10:45 a.m. ET. Average volume has been 2.1 million shares over the past 30 days.

Superior Energy Services has a market cap of $4.48 billion and is part of the basic materials sector and energy industry. Shares are up 37.3% year to date as of the close of trading on Friday.

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 11.7, below the S&P 500 P/E ratio of 17.7.

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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, solid stock price performance, compelling growth in net income and attractive valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Superior Energy Services Ratings Report.

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