The stock rallied to close down just 0.36% at $19.24.
Brent crude declined to $67.53 a barrel on Monday, its lowest price since October 2009, according to BBC News. U.S. crude dropped 50 cents to $65.65 a barrel and hit an intraday low of $63.72, the lowest price since July 2009.
Must Read: Warren Buffett's 25 Favorite Stocks
Brent crude rallied 3.99% to $72.95 in late afternoon trading.
OPEC decided last week not to cut oil production and to keep its target at 30 million barrels per day, a move that could leave the market oversupplied. The announcement sent oil prices spiraling downward, a trend that continued into Monday.
More than 6.8 million shares changed hands Monday, compared to the daily average volume of 2,842,050.
Separately, TheStreet Ratings team rates SUPERIOR ENERGY SERVICES INC as a "hold" with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate SUPERIOR ENERGY SERVICES INC (SPN) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself."