Williams Capital Believes SM Energy (SM) Still Has Room to Grow


In a report issued on May 21, 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 $26.62, close to its 52-week high of $28.20.

According to TipRanks.com, Sorbara is a 4-star analyst with an average return of 4.7% and a 56.1% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Extraction Oil & Gas, and Oasis Petroleum Inc.

SM Energy has an analyst consensus of Strong Buy, with a price target consensus of $33.

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SM Energy’s market cap is currently $2.97B and has a P/E ratio of 38.58. The company has a Price to Book ratio of 1.10.

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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.

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