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SM Energy (NYSE:SM) has been upgraded from Neutral to Overweight in a statement by JPMorgan earlier today.

JPMorgan has upgraded SM Energy (NYSE:SM) from Neutral to Overweight in a statement released on Monday October 23, 2017.

On Wednesday October 18, 2017, Williams Capital released a statement on SM Energy (NYSE:SM) upped the target price from $30.00 to $32.00 that suggested an upside of 0.67%.

Having a price of $18.41, SM Energy (NYSE:SM) traded 1.71% higher on the day. The last closing price is up 5.47% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. SM has recorded a 50-day moving average of $16.93 and a 200-day moving average of $17.75. 1,242,216 shares of SM traded hands, down from an average trading volume of 3,753,400

Recent Performance Chart

SM Energy (NYSE:SM)

SM Energy has 52 week low of $12.29 and a 52 week high of $42.45 and has a market capitalization of $0.

In addition to JPMorgan reporting its stock price target, a total of 23 brokerages have issued a ratings update on the company. The average stock price target is $28.70 with 3 brokerages rating the stock a strong buy, 7 brokerages rating the stock a buy, 17 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On 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 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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