A report released today by Scotiabank about SM Energy Co (NYSE:SM) ups the target price to $48.00
- Updated: October 4, 2016
Having a price of $38.91, SM Energy Co (NYSE:SM) traded 0.00% even on the day. The last stock price is up 32.52% from the 200-day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. SM Energy Co has recorded a 50-day average of $36.31 and a two hundred day average of $29.36. Trade Volume was down over the average, with 0 shares of SM changing hands under the typical 3,511,770
SM Energy Co (NYSE:SM) had its price target upped to $48.00 by Scotiabank in an issued report announced Tuesday October 04, 2016. The latest stock price target implies a possible upside of 0.23% based on the company's most recent stock price close.
With a total market value of $0, SM Energy Co has with a one year low of $6.99 and a one year high of $42.23 .
A total of 23 firms have reported on SM. 3 brokers rating the stock a strong buy, seven brokerages rating the company a buy, 17 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 analysts rating the company a sell with a 12-month price target of $28.70.
More About SM Energy Co (NYSE:SM)
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 (NGLs) in onshore North America. The Company operates in the exploration and production segment of the oil and gas industry within the United States. Its operations are concentrated in onshore operating areas in the United States: South Texas & Gulf Coast Region, Rocky Mountain Region and Permian Region. It has working interests in approximately 1,460 gross (approximately 870 net) productive oil wells and approximately 1,770 gross (approximately 650 net) productive gas wells. Within South Texas & Gulf Coast Region, the Company has both operated and non-operated Eagle Ford shale programs on approximately 200,000 net acres. It has approximately 162,000 net acres being developed in the Bakken and Three Forks formations. It has approximately 23,000 net acres in its Permian Region.
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