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Scotiabank downgraded SM Energy Co (NYSE:SM) to Sector Perform in a statement released earlier today.

Scotiabank has downgraded SM Energy Co (NYSE:SM) to Sector Perform in a statement released on Tuesday May 16, 2017.

Showing a price of $21.09, SM Energy Co (NYSE:SM) traded -2.73% lower on the day. The last stock price is down -27.53% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. The company has recorded a 50-day moving average of $22.45 and a 200-day moving average of $29.05. Volume of trade was down over the average, with 2,740,511 shares of SM changing hands under the typical 3,491,570

Recent Performance Chart

SM Energy Co (NYSE:SM)

SM Energy Co has one year low of $19.32 and a one year high of $43.09 and has a market capitalization of $0.

A total of 23 equity analysts have released a ratings update on SM. 3 firms rating the stock a strong buy, 7 analysts rating the company a buy, seventeen analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $28.70.

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 in onshore North America. It 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, which include South Texas and Gulf Coast Region, Rocky Mountain Region and Permian Region. It has working interests in approximately 1,027 gross productive oil wells and approximately 1,882 gross productive gas wells. Its South Texas and Gulf Coast Region has both operated and non-operated Eagle Ford shale program. It has approximately 124,000 net acres in Divide County, North Dakota, and approximately 156,000 net acres in the Powder River Basin. Its Permian Region closed multiple transactions in the Midland Basin in west Texas acquiring approximately 62,000 net acres.

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