SM Energy Company (SM) : Zacks Investment Research ranks SM Energy Company (SM) as 2, which is a Buy recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 13 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 19 research analysts is 2.68, which indicates as a Hold.
SM Energy Company (SM) : Currently there are 14 street experts covering SM Energy Company (SM) stock. The most bullish and bearish price target for the stock is $48 and $15 respectively for the short term. The average price target of all the analysts comes to $30.82. The estimated standard deviation from the target is $8.2.
SM Energy Company (NYSE:SM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.13 and $25.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.38, notching a gain of 1.50% for the day. The total traded volume was 2,004,313 . The stock had closed at $25.99 on the previous day.
Also, Deutsche Bank maintains its view on SM Energy Company (NYSE:SM) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Deutsche Bank raises the price target from $31 per share to $35 per share on SM Energy Company. The rating by the firm was issued on June 14, 2016. The company shares have dropped -39.18% from its 1 Year high price. On Jul 10, 2015, the shares registered one year high at $45.14 and the one year low was seen on Feb 24, 2016. The 50-Day Moving Average price is $29.73 and the 200 Day Moving Average price is recorded at $21.08.
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.