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Friday, October 14, 2011

Potentially Oversold Level Reached (NYSE: SPN)

Shares of SPN traded higher by 3.48% or $0.87/share to $25.86. Superior Energy Services Inc. is trading at a price to book ratio of 1.45. The PEG is 0.29 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 1.1. Thus, the company is not very expensive in terms of its sales. On average, 1710270 shares of SPN exchange hands on a given day and today's volume is recorded at 1041290. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.