Susquehanna analyst Biju Perincheril reiterated a Buy rating on SM Energy (NYSE: SM) on July 9 and set a price target of $35. The company’s shares closed yesterday at $26.42, close to its 52-week high of $28.45.
According to TipRanks.com, Perincheril is a 5-star analyst with an average return of 18.8% and a 70.7% success rate. Perincheril covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Whiting Petroleum Corp, and Jagged Peak Energy Inc.
SM Energy has an analyst consensus of Moderate Buy, with a price target consensus of $32.71, representing a 23.8% upside. In a report issued on June 25, Williams Capital also reiterated a Buy rating on the stock with a $44 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.
