SM Energy Company (NYSE:SM) : The highest level SM Energy Company (NYSE:SM) is projected to reach is $48 for the short term and the lowest estimate is at $15. The consolidated price target from 14 rating analysts who initiate coverage on the stock is $30.82 and the possibility the share price can swing is $8.2.
Other Equity analysts have also commented on the company shares. In a research note released to the investors, Deutsche Bank maintains its rating on SM Energy Company (NYSE:SM).The analysts at the brokerage house have a current rating of Hold on the shares. In a recent information released to the investors, Deutsche Bank raises the new price target from $31 per share to $35 per share. The rating by the firm was issued on June 14, 2016.
SM Energy Company (NYSE:SM): stock turned positive on Thursday. Though the stock opened at $29.56, the bulls momentum made the stock top out at $30.37 level for the day. The stock recorded a low of $29.3501 and closed the trading day at $30.17, in the green by 3.64%. The total traded volume for the day was 2,028,731. The stock had closed at $29.11 in the previous days trading.
The company shares have dropped -38.33% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $48.02 and the one year low was seen on Feb 24, 2016. The 50-Day Moving Average price is $30.06 and the 200 Day Moving Average price is recorded at $20.80. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (EVP – Operations) of Sm Energy Co, Vogel Herbert S had purchased shares worth of $51,840 in a transaction dated on February 26, 2016. A total of 6,000 shares were purchased at a price of $8.64 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
SM Energy Company is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. Its operations are carried in four onshore operating areas in the United States: South Texas & Gulf Coast Region, which is managed from its office in Houston, Texas and has both operated and non-operated Eagle Ford shale programs; Rocky Mountain Region, which the Company operates from its office in Billings, Montana and focuses on the development and growth through acquisition of assets targeting the Bakken/Three Forks formations; Permian Region, which is managed from the Companys office in Midland, Texas and covers western Texas and southeastern New Mexico, and Mid-Continent Region, which is managed from the Companys office in Tulsa, Oklahoma and the Mid-Continent Region consists of its Haynesville and Woodford Shale assets.