SM Energy (NYSE:SM) had its price objective lifted by equities research analysts at Robert W. Baird from $26.00 to $27.00 in a research report issued to clients and investors on Monday, Marketbeat.com reports. The firm presently has an “outperform” rating on the energy company’s stock. Robert W. Baird’s price target would indicate a potential upside of 32.61% from the company’s current price.
Other equities analysts have also recently issued research reports about the company. Credit Suisse Group started coverage on SM Energy in a report on Monday, December 11th. They issued an “outperform” rating and a $27.00 price target for the company. Barclays upped their price target on SM Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, October 11th. Zacks Investment Research upgraded SM Energy from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Thursday, November 9th. Mitsubishi UFJ Financial Group restated a “neutral” rating on shares of SM Energy in a report on Monday, October 2nd. Finally, Williams Capital upped their price target on SM Energy from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $25.87.
SM Energy (NYSE SM) traded up $0.11 on Monday, reaching $20.36. 2,214,948 shares of the company were exchanged, compared to its average volume of 3,773,019. SM Energy has a 12-month low of $12.29 and a 12-month high of $37.08. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.53 and a quick ratio of 1.53.
Several institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado boosted its stake in shares of SM Energy by 2.3% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 18,630 shares of the energy company’s stock valued at $308,000 after buying an additional 418 shares during the last quarter. Virtu KCG Holdings LLC boosted its stake in shares of SM Energy by 2.2% during the 2nd quarter. Virtu KCG Holdings LLC now owns 22,075 shares of the energy company’s stock valued at $365,000 after buying an additional 475 shares during the last quarter. Atlantic Trust Group LLC boosted its stake in shares of SM Energy by 0.5% during the 2nd quarter. Atlantic Trust Group LLC now owns 99,559 shares of the energy company’s stock valued at $1,645,000 after buying an additional 500 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of SM Energy by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 41,300 shares of the energy company’s stock valued at $683,000 after buying an additional 600 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of SM Energy by 1.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 59,800 shares of the energy company’s stock valued at $988,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 97.36% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “SM Energy (SM) Price Target Raised to $27.00 at Robert W. Baird” was originally reported by American Market News and is the sole property of of American Market News. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/12/19/sm-energy-sm-price-target-raised-to-27-00-at-robert-w-baird.html.
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.
