Analyst Rating Update on SM Energy Company (SM)

SM Energy Company (SM) : 3 brokerage houses believe that SM Energy Company (SM) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 13 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on SM Energy Company (SM). Zacks Investment Research suggests a Buy with a rank of 2. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 19 Wall Street Analysts endorse the stock as a Hold with a rating of 2.68.

SM Energy Company (SM) : The most positive equity analysts on SM Energy Company (SM) expects the shares to touch $52, whereas, the least positive believes that the stock will trade at $16 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $33.58 with an expected fluctuation of $8.68 from the mean.

Company shares have received an average consensus rating of Hold for the current week Also, Deutsche Bank maintains their rating on the shares of SM Energy Company (NYSE:SM). The current rating of the shares is Hold. Equity Analysts at the Firm raises the price target to $35 per share from $31 per share. The rating by the firm was issued on June 14, 2016.


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 $26.35 and $26.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.36. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.90, notching a gain of 14.08% for the day. The total traded volume was 6,010,883 . The stock had closed at $26.21 on the previous day.

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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