In a report released yesterday, John Freeman from Raymond James reiterated a Hold rating on SM Energy (SM). The company’s shares closed last Tuesday at $1.84, close to its 52-week low of $0.90.
According to TipRanks.com, Freeman is ranked 0 out of 5 stars with an average return of -21.8% and a 19.5% success rate. Freeman covers the Utilities sector, focusing on stocks such as Black Stone Minerals, Southwestern Energy, and Matador Resources.
SM Energy has an analyst consensus of Hold, with a price target consensus of $2.50, representing a 35.9% upside. In a report issued on October 26, Susquehanna also maintained a Hold rating on the stock with a $1.50 price target.
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Based on SM Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $281 million and GAAP net loss of $98.29 million. In comparison, last year the company earned revenue of $390 million and had a net profit of $42.23 million.
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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.
