In a report released today, Gabriele Sorbara from Williams Capital reiterated a Buy rating on SM Energy (NYSE: SM), with a price target of $44. The company’s shares closed yesterday at $29.96.
According to TipRanks.com, Sorbara is a 3-star analyst with an average return of 1.2% and a 47.4% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Extraction Oil & Gas, and Oasis Petroleum Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SM Energy with a $35 average price target.
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The company has a one-year high of $33.76 and a one-year low of $16.11. Currently, SM Energy has an average volume of 2.3M.
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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.
