SM Energy Given New $106.00 Price Target at Barclays (SM)
Stock analysts at Barclays lifted their target price on shares of SM Energy (NYSE:SM) from $96.00 to $106.00 in a report issued on Tuesday. Barclays’ price target suggests a potential upside of 26.46% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Robert W. Baird cut their price target on shares of SM Energy from $110.00 to $104.00 in a research note on Tuesday, August 19th. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of SM Energy in a research note on Monday, August 4th. They now have a $89.00 price target on the stock, up previously from $86.00. Finally, analysts at TheStreet downgraded shares of SM Energy to a “hold” rating in a research note on Friday, August 1st. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $96.06.
Shares of SM Energy (NYSE:SM) opened at 83.82 on Tuesday. SM Energy has a 52-week low of $67.90 and a 52-week high of $94.00. The stock’s 50-day moving average is $78.75 and its 200-day moving average is $76.88. The company has a market cap of $5.647 billion and a P/E ratio of 26.93.
SM Energy (NYSE:SM) last issued its earnings data on Tuesday, July 29th. The company reported $0.88 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.60 by $0.72. The company had revenue of $674.98 million for the quarter, compared to the consensus estimate of $621.71 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 20.7% on a year-over-year basis. Analysts expect that SM Energy will post $6.80 EPS for the current fiscal year.
SM Energy Company (NYSE:SM) is an independent energy company.
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