The oil services company's results got hit by a weaker market in North American onshore drilling than Wall Street anticipated.
News & Analysis: Superior Energy Services
SPN earnings call for the period ending March 31, 2019.
Good news came from several corners of the market.
SPN earnings call for the period ending December 31, 2018.
The less-than-expected loss in the fourth quarter has shares surging today.
SPN earnings call for the period ending September 30, 2018.
Without a competitive advantage, it's only going to get harder for Superior Energy Services, Basic Energy Services, Pioneer Energy Services, and C&J Energy Services to play in the oil patch.
Oil services companies that have a lot of their future tied to North American shale drilling saw huge gains this past month.
Poorly received earnings, and well as acquisition news and oil prices drove Superior Energy Services, Weatherford International, Nordic American Takers, Sanchez Energy, and CVR Refining down double-digits this week.
Superior Energy Services' revenue and earnings missed expectations by wide margins, and Wall Street is not liking it.