Jefferies Maintains Buy on Superior Energy Services (SPN)

Jefferies is out with its report today on Superior Energy Services SPN, maintaining Buy. In a note to clients, Jefferies writes, "SPN shares likely weaken today on uneven 4Q results and a wide 2011 guidance range of $1.80-2.20 versus the $2.18 consensus and our $2.25 estimate. Longer-term investors should use any weakness as a buying opportunity. Maintain Buy, $43 PT." At the time of posting, shares of SPN were trading at $37.52, down 1.29% from Wednesday's close.