Shares of Superior Energy Services (SPN) were lower over 1.50% during early morning trading on Thursday after BMO Capital initiated coverage on the stock with a "Market Perform" rating and a $16 price target.

The company is the least well positioned of its peers because of a "less favorable geographic and product mix," BMO Capital analyst Daniel Boyd noted. 

(What will move markets this quarter and how should investors position themselves ahead of time? Jim Cramer sat down with four of TheStreet's top columnists recently to get their views. Click here to listen to his latest Trading Strategies roundtable with them and read their advice for stocks, bonds, forex and gold.)

More from Stocks

Dow Rises but Off Highs Amid Progress in U.S.-China Trade Talks

Dow Rises but Off Highs Amid Progress in U.S.-China Trade Talks

Ford, GM Leap on Report China Preparing to Slash US Import Tariffs

Ford, GM Leap on Report China Preparing to Slash US Import Tariffs

McDonald's Limited Risk Is Appealing to Conservative Investors

McDonald's Limited Risk Is Appealing to Conservative Investors

Pfizer Slips After JPMorgan Downgrade on Patent Cycle Concerns

Pfizer Slips After JPMorgan Downgrade on Patent Cycle Concerns

Verizon to Take Massive Charges From Employee Buyouts, Weakness at Oath

Verizon to Take Massive Charges From Employee Buyouts, Weakness at Oath