SM Energy Given a $84.00 Price Target at Jefferies Group (SM)
Jefferies Group set a $84.00 target price on shares of SM Energy (NYSE: SM) stock in a research note issued on Friday, AnalystRatingsNetwork.com reports. The firm currently has a a “buy” rating on the stock. Jefferies Group’s price objective would suggest a potential upside of 38.93% from the company’s current price.
The analysts wrote, “Despite EPS/production beats and a strong reserve report, SM has lagged many ‘resource’ peers year-to-date, perhaps due to worries about commodities and/or Briscoe Ranch results. We attempt to make sense of opposing views and arrive at a sensible valuation through a long-term pv10 analysis. We see visibility to $84 per share by 2015, driven by Eagle Ford growth. Successful new ventures and improved Briscoe results would add to upside.”
SM has been the subject of a number of other recent research reports. Analysts at Socgen downgraded shares of SM Energy from a “buy” rating to a “hold” rating in a research note to investors on Friday, June 14th. They now have a $67.00 price target on the stock. Separately, analysts at Societe Generale downgraded shares of SM Energy from a “buy” rating to a “hold” rating in a research note to investors on Friday, June 14th. Finally, analysts at Canaccord Genuity raised their price target on shares of SM Energy from $98.00 to $101.00 in a research note to investors on Thursday, May 2nd. They now have a “buy” rating on the stock.
Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $73.73.
SM Energy (NYSE: SM) traded up 0.96% on Friday, hitting $61.04. SM Energy has a 1-year low of $39.44 and a 1-year high of $65.55. The stock’s 50-day moving average is currently $62.06. The company’s market cap is $4.045 billion.
SM Energy (NYSE: SM) last released its earnings data on Tuesday, April 30th. The company reported $0.82 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.58 by $0.24. The company had revenue of $484.20 million for the quarter, compared to the consensus estimate of $461.30 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 28.3% on a year-over-year basis. On average, analysts predict that SM Energy will post $3.12 earnings per share for the current fiscal year.
SM Energy Company (NYSE: SM) is an independent energy company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.