SM Energy Now Covered by Analysts at Robert W. Baird (SM)
Equities research analysts at Robert W. Baird assumed coverage on shares of SM Energy (NYSE:SM) in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $88.00 price target on the stock. Robert W. Baird’s price target would indicate a potential upside of 2.80% from the stock’s previous close.
In other SM Energy news, VP Kenneth J. Knott unloaded 1,523 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $80.80, for a total value of $123,058.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of other analysts have also recently weighed in on SM. Analysts at Societe Generale reiterated a “buy” rating on shares of SM Energy in a research note to investors on Wednesday, October 9th. They now have a $92.00 price target on the stock. Separately, analysts at Topeka Capital Markets raised their price target on shares of SM Energy from $64.00 to $80.00 in a research note to investors on Wednesday, October 9th. They now have a “hold” rating on the stock. Finally, analysts at Barrington Research raised their price target on shares of SM Energy from $77.00 to $96.00 in a research note to investors on Tuesday, September 24th. They now have an “outperform” rating on the stock. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. SM Energy has an average rating of “Buy” and a consensus price target of $83.00.
Shares of SM Energy (NYSE:SM) traded up 2.67% on Wednesday, hitting $85.60. The stock had a trading volume of 841,064 shares. SM Energy has a 1-year low of $45.25 and a 1-year high of $86.15. The stock’s 50-day moving average is $75.96 and its 200-day moving average is $66.41. The company’s market cap is $5.729 billion.
The company also recently declared a semiannual dividend, which is scheduled for Wednesday, November 6th. Investors of record on Friday, October 25th will be given a dividend of $0.05 per share. This represents a yield of 0.12%. The ex-dividend date of this dividend is Wednesday, October 23rd.
SM Energy Company (NYSE:SM) is an independent energy company.
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