Analysis: SM Energy (NYSE:SM) Price Target Change Today
In analysts note revealed to clients and investors by Susquehanna on Thursday morning, the firm, SM Energy (NYSE:SM), had their target price downgraded to $31.00. Analusts at present have a solid Neutral rating on the stock.
From a total of 19 analysts covering SM Energy (NYSE:SM) stock, 15 rate it a ”Buy”, 0 a “Sell”, and 8 a ”Hold”. This means that 65% of the ratings are positive. The highest target price is $58 while the lowest target price is $33. The mean of all analyst targets is $45.92 with a 69.89% above today’s ($27.37) stock price. SM Energy was the topic of 13 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. BMO Capital Markets downgraded shares on November 18 to “Market Perform” rating. Topeka Capital Markets maintained SM stock in a recent report from October 28 with “Buy” rating.
Approximately 487,367 shares of stock traded hands. SM Energy Co (NYSE:SM) has declined 51.11% since April 30, 2015 and is downtrending. It has underperformed by 50.82% the S&P500.
SM Energy Company is an independent energy company. The company has a market cap of $1.92 billion. The Firm is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. It has 8.22 P/E ratio.
According to Zacks Investment Research, “SM Energy Company, formerly known as St. Mary Land & Exploration Company, is an independent energy company engaged in the exploration, exploitation, development, acquisition, and production of natural gas and crude oil. The Company operates in the areas: Mid-Continent, Rocky Mountains, ArkLaTex, Permian Basin, and Gulf Coast regions which are operated out of its offices in Tulsa, Oklahoma; Billings, Montana; Shreveport, Louisiana; Midland, Texas; and Houston, Texas, respectively. SM Energy Company is based in Denver, Colorado.” Get a free copy of the Zacks research report on SM Energy Co (SM).