As noted earlier, Cowen analyst Marc Bianchi downgraded Superior Energy to Market Perform and lowered his price target lower to $6 from $10 as part of his broader research note on oilfield service names. The analyst believes the stock could suffer from its relatively higher levered balance sheet if the "spare U.S. production capacity remains an overhang on the commodity price for a number of years". Bianchi is also concerned with Superior Energy's "execution risk" and margin pressure, noting that "low barriers to entry" in pressure pumping could invite more supply than the market requires.