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Seaport Global Securities downgraded SM Energy Co (NYSE:SM) to Neutral in a report released today.

Seaport Global Securities has downgraded SM Energy Co (NYSE:SM) to Neutral in a report released on Wednesday June 21, 2017.

Previously on Friday June 02, 2017, Credit Suisse released a statement about SM Energy Co (NYSE:SM) increased the target price from $0.00 to $30.00. At the time, this indicated a possible upside of 0.78%.

Just yesterday SM Energy Co (NYSE:SM) traded -0.76% lower at $15.67. The company’s 50-day moving average is $14.47 and its 200-day moving average is $18.63. The last closing price is down -16.25% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time period. 6,335,838 shares of the stock traded hands, up from an average trading volume of 3,844,210

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SM Energy Co (NYSE:SM)

SM Energy Co has a 52 week low of $12.29 and a 52 week high of $43.09 The company’s market cap is currently $0.

Also covering SM Energy Co's target, a total of 23 equity analysts have issued a report on the stock. The consensus target price is $28.70 with 3 firms rating the stock a strong buy, 7 firms rating the stock a buy, 17 brokers rating the stock a hold, 0 analysts rating the company a underperform, and lastly zero analysts rating the company a sell.

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 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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