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SM Energy Gets a Hold Rating from RBC Capital


RBC Capital analyst Scott Hanold reiterated a Hold rating on SM Energy (NYSE: SM) on July 9 and set a price target of $25. The company’s shares closed yesterday at $26.42, close to its 52-week high of $28.45.

According to TipRanks.com, Hanold is a 4-star analyst with an average return of 4.2% and a 49.3% success rate. Hanold covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Contango Oil & Gas Company, and Sanchez Energy Corporation.

SM Energy has an analyst consensus of Moderate Buy, with a price target consensus of $33.50, which is a 26.8% upside from current levels. In a report issued on July 12, B.Riley FBR also downgraded the stock to Hold with a $28 price target.

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The company has a one-year high of $28.45 and a one-year low of $12.29. Currently, SM Energy has an average volume of 3.16M.

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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.