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Trader’s Buzzers: Louisiana-Pacific Corporation (LPX), Superior Energy Services, Inc. (SPN), Cadence Design Systems, Inc. (CDNS)

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Louisiana-Pacific Corporation (LPX) traded within a range of $23.54 to $24.3 after opening the day at $23.56. The company has seen its stock increase in value by 28.37% so far this year. The stock was up close to 2.97% on active volume in last trading session and closed at $24.3 per share. After the recent gain, the stock is currently holding 2.4% above its 52 week high of $24.3 and 71.01% above its 12-month low of $14.65. The shares are up by over 32.71% in the last three months, and the RSI indicator value of 81.37 is bearish. The technical indicator is offering a warning sign that the stock can’t keep current pace going.

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and sells building products primarily for use in new home construction, repair and remodeling, and outdoor structures, as well as light industrial and commercial construction. It operates in four segments: North America Oriented Strand Board; Siding; Engineered Wood Products; and South America. The company offers structural panel products comprising plywood, including roof decking, sidewall sheathing, and floor underlayment; SmartSide siding products and related accessories, such as wood-based sidings, trim, soffit, and fascia; and CanExel siding and accessory products, including pre-finished lap and trim products. It also provides laminated veneer lumber, I-joists, laminated strand lumber, and other related products for residential and commercial flooring, roofing systems, headers and beams, and other structural applications; and timber and timberlands, and other products and services. The company sells its products to retail home centers, manufactured housing producers, distributors, and wholesalers primarily in North America and South America, as well as in Asia, Australia, and Europe. Louisiana-Pacific Corporation was founded in 1972 and is headquartered in Nashville, Tennessee.

Superior Energy Services, Inc. (SPN) failed to extend gains with the stock declining -2.89% or $-0.53 to close the day at $17.79 on light trading volume of 2.42M shares, compared to its three month average trading volume of 2.92M. The Houston Texas 77002 based company has been outperforming the oil & gas equipment & services group over the past 52 weeks, with the stock gaining 84.74%, compared to the industry which has advanced 30.27% over the same period. With RSI of 49.76, the stock should still continue to rise and get closer to its one year target estimate of $20.3, making it a hold for now.

Superior Energy Services, Inc. provides specialized oilfield services and equipment to crude oil and natural gas exploration and production companies in the United States, the Gulf of Mexico, and internationally. It operates through four segments: Drilling Products and Services; Onshore Completion and Workover Services; Production Services; and Technical Solutions. The Drilling Products and Services segment rents tubulars, including primary drill pipe strings, tubing landing strings, completion tubulars, and associated accessories; and manufactures and rents bottom hole tools, such as stabilizers, non-magnetic drill collars, and hole openers, as well as rents temporary onshore and offshore accommodation modules and accessories. The Onshore Completion and Workover Services segment offers pressure pumping services comprising hydraulic fracturing and high pressure pumping services used to complete and stimulate production in new oil and gas wells; fluid management services used to obtain, move, store, and dispose of fluids that are involved in the exploration, development, and production of oil and gas reservoirs; and workover services consisting of installations, completions, and sidetracking of wells, as well as support for perforating operations. The Production Services segment provides intervention services, including coiled tubing, cased hole and mechanical wireline, hydraulic workover and snubbing, production testing and optimization, and remedial pumping services. The Technical Solutions segment offers pressure control services; completion tools and services, such as sand control systems, well screens and filters, and surface-controlled sub surface safety valves; and offshore well decommissioning services, including plugging and abandoning wells at the end of their economic life, and dismantling and removing associated infrastructure. Superior Energy Services, Inc. was founded in 1991 and is headquartered in Houston, Texas.

Cadence Design Systems, Inc. (CDNS) gained $0.18 to close the day at a new closing price of $30.1, a 0.6% increase in value from its previous closing price that moved the stock 48.13% above its 52 week low of $20.41. A total of 2.38M shares exchanged hands during the day compared with its three month average trading volume of 1.86M. The stock, which fluctuated between $29.56 and $30.18 during the day, currently situated 0.53% above its 52 week high. The stock is up by 16.67% in the past one month and up by 17.99% over the past three months. With a one year target estimate of $29.67 and RSI of 81.37, the stock still has upside potential, making it a sell for now.

Cadence Design Systems, Inc. develops, sells, leases, and licenses electronic design automation (EDA) software, emulation and prototyping hardware, verification intellectual property (VIP), and design intellectual property (IP) for semiconductor and electronics systems industries worldwide. It offers functional verification products, including logic verification software that enables customers to coordinate verification activities across multiple teams and various specialists for verification planning and closure; and system design and verification products for hardware-software verification, as well as for system power exploration, analysis, and optimization. The company also provides digital integrated circuit (IC) design products, such as logic design products for chip planning, design, verification, and test technologies and services; physical implementation tools, including place and route, signal integrity, optimization, and double patterning preparation; and signoff products to signoff the design as ready for manufacture by a silicon foundry, as well as design for manufacturing products for use in the product development process. In addition, it offers custom IC design and verification products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and RF designs; and system interconnect design products to develop printed circuit boards and IC packages. Further, the company provides design IP products consisting of pre-verified and customizable functional blocks to integrate into customer’s system-on-chips; and VIP and memory models for use in system-level verification to model correct behavior of full systems interacting with their environments. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company was founded in 1988 and is headquartered in San Jose, California.

 

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