In a report issued on December 6, Gordon Douthat from Wells Fargo maintained a Hold rating on SM Energy (SM). The company’s shares closed last Monday at $9.14, close to its 52-week low of $6.85.
According to TipRanks.com, Douthat has currently no stars on a ranking scale of 0-5 stars, with an average return of -7.2% and a 28.3% success rate. Douthat covers the Basic Materials sector, focusing on stocks such as Black Stone Minerals, Extraction Oil & Gas, and Jagged Peak Energy.
Currently, the analyst consensus on SM Energy is a Moderate Buy with an average price target of $13.33.
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SM Energy’s market cap is currently $1.03B and has a P/E ratio of 4.64. The company has a Price to Book ratio of 0.36.
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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.
