Stifel Nicolaus disclosed SM Energy Co (NYSE:SM), hiking its price target to $51.00 earlier today
- Updated: December 1, 2016
Having a price of $39.86, SM Energy Co (NYSE:SM) traded 24.91% higher on the day. With the last stock price up 21.97% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. SM has recorded a 50-day average of $35.67 and a two hundred day average of $32.68. Trade Volume was up over the average, with 6,510,090 shares of SM changing hands over the typical 2,861,320
Reporting a potential upside of 0.28%, Stifel Nicolaus upped the price target of SM Energy Co (NYSE:SM) to $51.00
On 02/25/2016, RBC Capital Markets released a statement about SM Energy Co (NYSE:SM) dropped the target price from $24.00 to $15.00 that suggested an upside of 1.04%.
Recent Performance Chart
SM Energy Co has with a one year low of $6.99 and a one year high of $43.09 and has a total market value of $0.
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 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 (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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