Smarter Analyst

Barclays Sticks to Its Hold Rating for SM Energy (SM)

In a report issued on May 29, William S. Thompson from Barclays maintained a Hold rating on SM Energy (SM), with a price target of $4.00. The company’s shares closed last Friday at $3.52.

According to TipRanks.com, Thompson has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -10.7% and a 32.5% success rate. Thompson covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Continental Resources, and Magnolia Oil & Gas.

Currently, the analyst consensus on SM Energy is a Hold with an average price target of $2.44.

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Based on SM Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $356 million and GAAP net loss of $412 million. In comparison, last year the company earned revenue of $341 million and had a GAAP net loss of $178 million.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SM in relation to earlier this year.

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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.