A statement released earlier today by RBC Capital Markets 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 Markets 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 with a one year low of $6.99 and a one year high of $43.09 .
A total of 23 equity analysts have released a ratings update on SM. Three equity analysts rating the company a strong buy, seven equity analysts rating the company a buy, seventeen equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $28.70.
Brief Synopsis 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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