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Superior Energy Services, Inc. (SPN)

NYSE - Nasdaq Real Time Price. Currency in USD
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0.93000.0000 (0.00%)
As of 4:00PM EDT. Market open.
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Chart Events
Neutralpattern detected
Previous Close0.8500
Bid0.8800 x 900
Ask0.9300 x 1000
Day's Range0.8458 - 0.9500
52 Week Range0.2336 - 6.0700
Avg. Volume139,943
Market Cap6.227M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
Earnings DateAug 10, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1.13
  • Moody's

    SESI, L.L.C. -- Moody's downgrades SESI's CFR to Ca

    Moody's Investors Service ("Moody's") downgraded SESI, L.L.C.'s (SESI or Superior Energy) Corporate Family Rating (CFR) to Ca from Caa3, Probability of Default Rating (PDR) to Ca-PD from Caa3-PD, senior unsecured notes to C from Caa3, and Speculative Grade Liquidity Rating (SGL) to SGL-4 from SGL-3. On September 30, 2020, SESI announced that it has entered into a restructuring support agreement (RSA) with 69.2% of its noteholders that would help reduce 100% of the company's long-term debt and related interest costs. SESI plans to implement the RSA through a pre-packaged voluntary plan of reorganization under Chapter 11 of the U.S. Bankruptcy Code in the Southern District of Texas before the end of 2020.

  • Business Wire

    Superior Energy Reaches Agreement With Holders of 69.2% of Senior Notes on Terms of Comprehensive Financial Recapitalization to Convert All of the Company’s $1.3 Billion of Funded Indebtedness Into Equity

    Superior Energy Services (OTCQX: SPNX) ("Superior" or the "Company") announced today that it has entered into a restructuring support agreement (the "Restructuring Support Agreement") with a group of its senior noteholders (the "Ad Hoc Noteholder Group") that collectively hold or control approximately 69.2% of the Company’s senior unsecured notes. The proposed comprehensive financial recapitalization would deleverage 100% of the Company’s long-term debt and related interest costs, provide access to additional financing and establish a capital structure that the Company believes will allow the Company to thrive in a low-commodity-price environment. The transactions contemplated by the Restructuring Support Agreement are expected to close before the end of 2020.

  • Superior Energy Services Receives Notice From NYSE Regarding Continued Listing Standard
    PR Newswire

    Superior Energy Services Receives Notice From NYSE Regarding Continued Listing Standard

    Superior Energy Services, Inc. (the "Company") today announced that the Company was notified by the New York Stock Exchange ("NYSE") of its determination to commence proceedings to delist and suspend trading of the Company's common stock due to failure to meet the NYSE's $15 million, 30-trading day average market capitalization standard. The Company anticipates that, effective September 18, 2020, its common stock will commence trading on the OTCQX Market under the symbol "SPNX". The Company's transition to the OTCQX Market is not expected to affect the Company's business operations.