In a report released today, Gabriele Sorbara from Williams Capital maintained a Buy rating on SM Energy (SM), with a price target of $36. The company’s shares opened today at $16.56, close to its 52-week low of $13.15.
According to TipRanks.com, Sorbara is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -11.0% and a 32.0% 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 Moderate Buy, with a price target consensus of $29.75, representing a 79.6% upside. In a report issued on February 5, Barclays also maintained a Buy rating on the stock with a $26 price target.
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The company has a one-year high of $33.76 and a one-year low of $13.15. Currently, SM Energy has an average volume of 2.69M.
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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.
