B.Riley FBR analyst Rehan Rashid reiterated a Hold rating on SM Energy (SM) on November 20 and set a price target of $22. The company’s shares opened today at $19.80.
According to TipRanks.com, Rashid is a 3-star analyst with an average return of 2.2% and a 47.7% success rate. Rashid covers the Basic Materials sector, focusing on stocks such as Continental Resources, Lonestar Resources US, and Range Resources Corp.
SM Energy has an analyst consensus of Moderate Buy, with a price target consensus of $38, representing a 91.9% upside. In a report issued on November 5, RBC Capital also maintained a Hold rating on the stock with a $30 price target.
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SM Energy’s market cap is currently $2.36B and has a P/E ratio of 13.97. The company has a Price to Book ratio of 0.91.
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SM Energy Co. is an independent energy company, which is engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids. Its operations are located in South Texas and Gulf Coast, Rocky Mountain, and Permian regions. The company was founded in 1908 and is headquartered in Denver, CO.
