SMF Energy Corp Now Covered by Citigroup Inc. (FUEL)
Equities researchers at Citigroup Inc. began coverage on shares of SMF Energy Corp (NASDAQ:FUEL) in a research report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
SMF Energy Corp (NASDAQ:FUEL) traded down 1.31% during mid-day trading on Tuesday, hitting $60.60. The stock had a trading volume of 187,485 shares. SMF Energy Corp has a 1-year low of $50.90 and a 1-year high of $68.56. The stock’s 50-day moving average is $58.96 and its 200-day moving average is $58.96. The company’s market cap is $1.969 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Piper Jaffray Cos. initiated coverage on shares of SMF Energy Corp in a research note to investors on Tuesday. They set an “overweight” rating and a $70.00 price target on the stock. Analysts at BMO Capital Markets initiated coverage on shares of SMF Energy Corp in a research note to investors on Tuesday. They set a “market perform” rating and a $65.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. SMF Energy Corp presently has a consensus rating of “Buy” and an average target price of $65.00.
SMF Energy Corporation provides petroleum product distribution services, transportation logistics and emergency response services to the trucking, manufacturing, construction, shipping, utility, energy, chemical, telecommunications and government services industries.
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