A report released today by Zacks Investment Research about SM Energy Co (NYSE:SM) bumps the target price to $41.00
- Updated: September 17, 2016
In a report issued Friday August 19 2016 Zacks Investment Research raised the target price of SM Energy Co (NYSE:SM) from $0 to $41 reporting a possible upside of 0.13%.
Boasting a price of $36.38, SM Energy Co (NYSE:SM) traded 1.78% higher on the day. The last stock price close is up 25.39% relative to the two hundred day moving average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the same time. SM has been tracking to a 50-day moving average of $33.65 and two hundred day average of $27.29. 3,327,268 shares of SM traded, down from ann avg. volume of 3,399,990
With a total market value of $0.0, SM Energy Co has a P/E of 0 with a one-year low of $6.99 and a 52 week high of $42.23.
In addition to Zacks Investment Research reporting it’s target price, a total of 23 equity analysts have reported on SM. The 12-month target stock price is $28.70 with three firms rating the stock a strong buy, seven firms rating the stock a buy, 17 firms rating the stock a hold, 0 rating the stock to underperform, and finally 0 analystsrating the stock as sell.
General Company Details For 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, and 000 net acres in its Permian Region.
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