SM Energy (NYSE: SM) was the recipient of a ratings changes during the seven days:
- SM Energy had its price target raised by analysts at Deutsche Bank from $62.00 to $65.00. They now have a “hold” rating on the stock.
- SM Energy had its price target raised by analysts at Howard Weil from $89.00 to $95.00. They now have a “sector outperform” rating on the stock.
- SM Energy had its price target raised by analysts at Barclays Capital from $85.00 to $88.00. They now have an “overweight” rating on the stock.
- SM Energy had its price target raised by analysts at Global Hunter Securities from $65.00 to $75.00. They now have a “buy” rating on the stock.
- SM Energy had its price target raised by analysts at Guggenheim from $54.00 to $70.00. They now have a “neutral” rating on the stock.
- SM Energy was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a $65.00 price target on the stock. They wrote, “We are downgrading SM Energy to Market Perform from Outperform and maintaining our $65 per share target price, which is in line with our after-tax NYMEX net asset value estimate. Following the recent rally in the shares and after incorporating new disclosure around the company’s Eagle Ford and Bakken assets, we view the shares as close to fair value with limited upside outside meaningful success in the Permian or other exploratory plays.”
Shares of SM Energy traded up 1.93% during mid-day trading on Wednesday, hitting $59.03. SM Energy has a one year low of $39.44 and a one year high of $82.03. The stock’s 50-day moving average is currently $57.80. The company’s market cap is $3.908 billion.
SM Energy Company (SM Energy) is an independent energy company. The Company is engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids (referred to as oil, gas, and NGLs) in onshore North America.
