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SM Energy (NYSE:SM)‘s stock had its “neutral” rating reiterated by Zacks in a report released on Wednesday. They currently have a $87.00 target price on the stock. Zacks‘s price target points to a potential upside of 4.69% from the stock’s previous close.

Zacks’ analyst wrote, “We are maintaining our recommendation on SM Energy at Neutral. The company reported stable first quarter 2014 results aided by higher production. Going forward, SM Energy’s diverse asset mix, promising organic production growth outlook and ample liquidity bode well for its future growth. Going forward it’s holdings in the Eagle Ford, Bakken, Niobrara, Haynesville and Granite Wash provide multiple years of drilling inventory. However we feel all the above positives has already been factored in the current share price. Also, certain risks that could impact the company’s operations include lack of service rig availability, dry holes, mechanical failures and adverse weather conditions.”

Other equities research analysts have also recently issued reports about the stock. Analysts at Topeka Capital Markets cut their price target on shares of SM Energy from $100.00 to $94.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of SM Energy in a research note on Wednesday, June 25th. They now have a $86.00 price target on the stock, up previously from $85.00. Finally, analysts at KLR Group downgraded shares of SM Energy from a “buy” rating to an “accumulate” rating in a research note on Monday, June 23rd. They now have a $94.00 price target on the stock. Twelve equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. SM Energy has an average rating of “Hold” and a consensus price target of $92.50.

SM Energy (NYSE:SM) traded down 1.89% during mid-day trading on Wednesday, hitting $81.53. The stock had a trading volume of 469,376 shares. SM Energy has a 52-week low of $63.32 and a 52-week high of $94.00. The stock’s 50-day moving average is $79.14 and its 200-day moving average is $77.93. The company has a market cap of $5.467 billion and a P/E ratio of 25.84.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.58 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.48 by $0.10. The company had revenue of $632.70 million for the quarter, compared to the consensus estimate of $599.71 million. During the same quarter last year, the company posted $0.82 earnings per share. SM Energy’s revenue was up 30.7% compared to the same quarter last year. Analysts expect that SM Energy will post $6.58 EPS for the current fiscal year.

SM Energy Company (NYSE:SM) is an independent energy company.

To view Zacks’ full report, visit Zacks’ official website.

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