In a report released today, Biju Perincheril from Susquehanna reiterated a Buy rating on SM Energy (NYSE: SM), with a price target of $36. The company’s shares opened today at $28.49, close to its 52-week high of $28.63.
According to TipRanks.com, Perincheril is a 5-star analyst with an average return of 15.0% and a 62.9% success rate. Perincheril covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Whiting Petroleum Corp, and Continental Resources.
Currently, the analyst consensus on SM Energy is a Moderate Buy with an average price target of $32, representing a 12.3% upside. In a report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a $40 price target.
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SM Energy’s market cap is currently $3.01B and has a P/E ratio of 39.06. The company has a Price to Book ratio of 1.11.
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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.
