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) has been rated by 14 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $68 and the lowest price target forecast is $32. The average forecast of all the analysts is $43.64 and the expected standard deviation is $10.13.
For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm Seaport Global upgrades its rating on SM Energy Company (NYSE:SM). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on August 30, 2016.
SM Energy Company (NYSE:SM): stock was range-bound between the intraday low of $37.78 and the intraday high of $40 after having opened at $39.46 on Wednesdays session. The stock finally closed in the red at $39.46, a loss of -2.92%. The stock remained in the red for the whole trading day. The total traded volume was 2,866,004 shares. The stock failed to cross $40 in Wednesdays trading. The stocks closing price on Thursday was $39.04.
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.