The New York Stock Exchange put Houston-based Superior Energy Services Inc. (NYSE: SPN) on notice for running afoul of the exchange’s listing standards.
Superior’s 30-day average stock price fell below $1 per share, according to an Aug. 12 filing with the U.S. Securities and Exchange Commission. The NYSE sent a letter to Superior on Aug. 9 giving the company six months to fix the issue before facing delisting, according to the filing. Superior said in the SEC filing that it plans to regain compliance.
Superior…
