After Stephens and Cowen & Co. gave SM Energy (NYSE: SM) a Buy rating last month, the company received another Buy, this time from Wells Fargo. Analyst Gordon Douthat maintained a Buy rating on SM Energy today. The company’s shares opened today at $18.07.
According to TipRanks.com, Douthat is a 3-star analyst with an average return of 8.0% and a 38.2% success rate. Douthat covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Gulfport Energy Corp, and Matador Resources.
Currently, the analyst consensus on SM Energy is a Moderate Buy with an average price target of $22.50, implying a 24.5% upside from current levels. In a report issued on March 28, Stephens 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 $1.94B and has a P/E ratio of 3.86. The company has a Price to Book ratio of 0.66.
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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.
