SM Energy Company (SM): Price Target and June Short Interest Disclosure

SM Energy Company (SM) : Average target price received by SM Energy Company (SM) is $31.04 with an expected standard deviation of $8.41. The most aggressive target on the stock is $48, whereas the most downbeat target is $15. 14 financial analysts are currently covering the stock.

SM Energy Company (SM) has shown a rise of 0.4% or 51,730 shares in the short positions. The bets have increased to 12,954,853 shares on June 30,2016 from 12,903,123 shares on June 15,2016. With respect to the floated shares, the shorts are 19.4%. The days to cover are calculated to be 5, using the standard per day volume of 2,816,052 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Brokerage firm Deutsche Bank maintains its rating on SM Energy Company (NYSE:SM). As per the latest information, the brokerage house raises the price target to $35 per share from a prior target of $31. The shares have been rated Hold. The rating by the firm was issued on June 14, 2016.


SM Energy Company (NYSE:SM): On Thursdays trading session , Opening price of the stock was $26.86 with an intraday high of $26.97. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $25.8599. However, the stock managed to close at $26.1, a loss of 0.11% for the day. On the previous day, the stock had closed at $26.13. The total traded volume of the day was 2,143,941 shares.

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.

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