SM Energy (SM) Gets a Buy Rating from Wells Fargo


In a report released yesterday, Gordon Douthat from Wells Fargo maintained a Buy rating on SM Energy (SM). The company’s shares closed yesterday at $19.13.

According to TipRanks.com, Douthat is ranked #1467 out of 5127 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SM Energy with a $30.30 average price target, which is a 58.4% upside from current levels. In a report issued on January 16, Barclays also initiated coverage with a Buy rating on the stock with a $27 price target.

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SM Energy’s market cap is currently $2.15B and has a P/E ratio of 12.69. The company has a Price to Book ratio of 0.83.

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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.

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