SM Energy Rating Increased to Buy at KLR Group (SM)
SM Energy (NYSE:SM) was upgraded by equities research analysts at KLR Group to a “buy” rating in a research note issued to investors on Thursday, Analyst Ratings.Net reports.
A number of other firms have also recently commented on SM. Analysts at Zacks reiterated an “outperform” rating on shares of SM Energy in a research note to investors on Monday, December 23rd. They now have a $97.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of SM Energy in a research note to investors on Monday, December 9th. They now have a $85.00 price target on the stock, down previously from $89.00. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of SM Energy in a research note to investors on Friday, November 22nd. They now have a $94.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $95.61.
SM Energy (NYSE:SM) opened at 83.11 on Thursday. SM Energy has a 52-week low of $52.67 and a 52-week high of $94.00. The stock’s 50-day moving average is $85.94 and its 200-day moving average is $76.0. The company has a market cap of $5.567 billion and a price-to-earnings ratio of 57.13.
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 $4.52 EPS for the current fiscal year.
SM Energy Company (NYSE:SM) is an independent energy company.
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