SM Energy Given New $98.00 Price Target at UBS AG (SM)
Stock analysts at UBS AG boosted their target price on shares of SM Energy (NYSE:SM) from $94.00 to $98.00 in a report issued on Wednesday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. UBS AG’s price target points to a potential upside of 12.04% from the stock’s previous close.
SM has been the subject of a number of other recent research reports. Analysts at Topeka Capital Markets upgraded shares of SM Energy from a “hold” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $120.00 price target on the stock, up previously from $80.00. Separately, analysts at Societe Generale reiterated a “buy” rating on shares of SM Energy in a research note to investors on Monday, October 21st. They now have a $92.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of SM Energy from $93.00 to $107.00 in a research note to investors on Monday, October 21st. They now have an “overweight” rating on the stock. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. SM Energy currently has a consensus rating of “Buy” and a consensus price target of $87.56.
Shares of SM Energy (NYSE:SM) traded up 4.46% during mid-day trading on Wednesday, hitting $91.37. 1,295,150 shares of the company’s stock traded hands. SM Energy has a 52 week low of $45.25 and a 52 week high of $75.74. The stock’s 50-day moving average is $69.28 and its 200-day moving average is $63.02. The company’s market cap is $6.115 billion.
SM Energy (NYSE:SM) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.04 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.05 by $0.01. The company had revenue of $613.10 million for the quarter, compared to the consensus estimate of $575.30 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 61.8% on a year-over-year basis. Analysts expect that SM Energy will post $3.84 EPS for the current fiscal year.
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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