Analyst Rating Update on SM Energy Company (SM)

SM Energy Company (NYSE:SM) has an average broker rating of 2.68, which is interpreted as a Hold, as rated by 19 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 13 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

SM Energy Company (NYSE:SM) : The highest level SM Energy Company (NYSE:SM) is projected to reach is $48 for the short term and the lowest estimate is at $15. The consolidated price target from 14 rating analysts who initiate coverage on the stock is $30.82 and the possibility the share price can swing is $8.2.

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

SM Energy Company (NYSE:SM): stock turned positive on Tuesday. Though the stock opened at $26.47, the bulls momentum made the stock top out at $27.68 level for the day. The stock recorded a low of $26.44 and closed the trading day at $27.11, in the green by 7.62%. The total traded volume for the day was 1,984,094. The stock had closed at $25.19 in the previous days trading.

In an insider trading activity, Vogel Herbert S, officer (EVP – Operations) of Sm Energy Co, executed a transaction worth $51,840 on February 26, 2016. A total of 6,000 shares were purchased at an average price of $8.64. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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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