A statement released earlier today by RBC Capital about SM Energy (NYSE:SM) bumps the target price to $42.00
- Updated: October 19, 2016
Boasting a price of $39.06, SM Energy (NYSE:SM) traded 0.88% higher on the day. With the last stock price close up 26.78% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. SM Energy has recorded a 50-day average of $37.27 and a two hundred day average of $30.81. Volume of trade was up over the average, with 6,199,892 shares of SM changing hands over the typical 3,437,730
RBC Capital bumped up the target of SM Energy (NYSE:SM) to $42.00 stating a potential upside of 0.08%.
With a total market value of $0, SM Energy has 52 week low of $6.99 and a 52 week high of $43.09 .
In addition to RBC Capital reporting its stock price target, a total of 23 brokers have issued a report on the company. The average stock price target is $28.70 with 3 brokers rating the stock a strong buy, 7 brokers rating the stock a buy, 17 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About SM Energy (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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