Wells Fargo Thinks SM Energy’s Stock is Going to Recover

In a report released today, Thomas Hughes CFA from Wells Fargo maintained a Buy rating on SM Energy (SM). The company’s shares closed last Thursday at $2.97, close to its 52-week low of $0.90.

According to TipRanks.com, CFA has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -17.6% and a 21.1% success rate. CFA covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Matador Resources, and Whiting Petroleum.

The word on The Street in general, suggests a Hold analyst consensus rating for SM Energy with a $3.30 average price target.

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The company has a one-year high of $15.91 and a one-year low of $0.90. Currently, SM Energy has an average volume of 9.69M.

Based on the recent corporate insider activity of 39 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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