SMF Energy Corp Now Covered by Analysts at Credit Suisse (FUEL)
Credit Suisse assumed coverage on shares of SMF Energy Corp (NASDAQ:FUEL) in a research note issued on Thursday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $70.00 price target on the stock. Credit Suisse’s target price indicates a potential upside of 45.38% from the stock’s previous close.
In other SMF Energy Corp news, CFO J. Peter Bardwick unloaded 17,500 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $58.26, for a total transaction of $1,019,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
SMF Energy Corp (NASDAQ:FUEL) traded down 2.77% on Thursday, hitting $48.15. 775,588 shares of the company’s stock traded hands. SMF Energy Corp has a 52 week low of $37.81 and a 52 week high of $71.89. The stock has a 50-day moving average of $58.83 and a 200-day moving average of $55.56. The company’s market cap is $1.687 billion.
FUEL has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets raised their price target on shares of SMF Energy Corp from $50.00 to $58.00 in a research note on Friday, January 31st. Finally, analysts at Needham & Company upgraded shares of SMF Energy Corp from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 19th. They now have a $75.00 price target on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. SMF Energy Corp currently has an average rating of “Buy” and a consensus target price of $62.81.
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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