Stifel Nicolaus analyst Michael Scialla reiterated a Buy rating on SM Energy (SM) on November 25 and set a price target of $39. The company’s shares closed yesterday at $20.40.
According to TipRanks.com, Scialla has currently no stars on a ranking scale of 0-5 stars, with an average return of -12.9% and a 25.1% success rate. Scialla covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Sanchez Energy Corporation, and Abraxas Petroleum Corp.
Currently, the analyst consensus on SM Energy is a Moderate Buy with an average price target of $34.17, which is a 67.5% upside from current levels. In a report issued on November 26, Wells Fargo also upgraded the stock to Buy.
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SM Energy’s market cap is currently $2.29B and has a P/E ratio of 13.53. The company has a Price to Book ratio of 0.88.
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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.
