SM Energy Company (SM) : 18 analysts are covering SM Energy Company (SM) and their average rating on the stock is 2.11, which is read as a Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. SM Energy Company (SM) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 9 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
SM Energy Company (SM) : The consensus price target for SM Energy Company (SM) is $43.64 for the short term with a standard deviation of $10.13. The most optimist securities analyst among the 14 who monitor the stock believes that the stock can reach $68, however, the pessimist price target for the company is $32.
Also, Equity analysts at the Brokerage firm Seaport Global upgrades its rating on SM Energy Company (NYSE:SM). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on August 30, 2016.
SM Energy Company (NYSE:SM): After opening at $33.07, the stock dipped to an intraday low of $32.76 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $33.97 and the buying power remained strong till the end. The stock closed at $33.62 for the day, a gain of 2.59% for the day session. The total traded volume was 3,157,068. The stocks close on the previous trading day was $32.77.
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.