SM Energy Co (SM) Given Average Recommendation of “Hold” by Brokerages

SM Energy Co (NYSE:SM) has been given an average rating of “Hold” by the nineteen analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $27.81.

SM has been the subject of several recent analyst reports. KeyCorp restated a “buy” rating and set a $26.00 target price on shares of SM Energy in a research note on Friday, October 20th. Zacks Investment Research upgraded SM Energy from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Thursday, November 9th. Williams Capital restated a “buy” rating and set a $39.00 target price on shares of SM Energy in a research note on Wednesday, January 10th. Credit Suisse Group began coverage on SM Energy in a research report on Monday, December 11th. They issued an “outperform” rating and a $27.00 price objective for the company. Finally, Barclays raised their price objective on SM Energy from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, November 20th.

Shares of SM Energy (SM) opened at $20.47 on Wednesday. SM Energy has a 52 week low of $12.29 and a 52 week high of $29.30. The firm has a market capitalization of $2,280.00, a P/E ratio of -6.02 and a beta of 2.94. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.53 and a current ratio of 1.53.

Hedge funds have recently made changes to their positions in the business. Amundi Pioneer Asset Management Inc. bought a new stake in shares of SM Energy in the 4th quarter worth approximately $134,000. State of Alaska Department of Revenue bought a new position in shares of SM Energy during the 4th quarter worth approximately $143,000. Tower Research Capital LLC TRC lifted its position in shares of SM Energy by 2,652.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,770 shares of the energy company’s stock worth $149,000 after buying an additional 6,524 shares during the period. Crossmark Global Holdings Inc. bought a new position in shares of SM Energy during the 4th quarter worth approximately $232,000. Finally, Perkins Capital Management Inc. bought a new position in shares of SM Energy during the 4th quarter worth approximately $280,000. Institutional investors own 97.36% of the company’s stock.

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SM Energy Company Profile

SM Energy Company is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids in onshore North America. It operates in the exploration and production segment of the oil and gas industry within the United States.

Analyst Recommendations for SM Energy (NYSE:SM)

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