SM Energy (SM) Gets a Hold Rating from Wells Fargo
Wells Fargo analyst Gordon Douthat maintained a Hold rating on SM Energy (SM) yesterday. The company’s shares closed last Monday at $10.42, close to its 52-week low of $8.46.
According to TipRanks.com, Douthat is a 1-star analyst with an average return of -4.2% and a 30.8% success rate. Douthat covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Earthstone Energy, and Matador Resources.
SM Energy has an analyst consensus of Moderate Buy, with a price target consensus of $13.
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Based on SM Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $50.39 million. In comparison, last year the company had a net profit of $17.2 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.