SM Energy (NYSE:SM) has been upgraded from Equal Weight to Overweight in a statement by CapitalOne earlier today.
- Updated: October 18, 2016
CapitalOne has upgraded SM Energy (NYSE:SM) from Equal Weight to Overweight in a statement released on 10/18/2016.
On 10/4/2016, Scotiabank released a statement for SM Energy (NYSE:SM) bumped up the target price from $35.00 to $48.00 that suggested an upside of 0.23%.
Boasting a price of $38.72, 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
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 .
In addition to CapitalOne reporting its target price, a total of 23 firms 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 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms 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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