In a report released today, Hanwen Chang from Wells Fargo assigned a Hold rating to SM Energy (SM – Research Report), with a price target of $45.00. The company’s shares closed yesterday at $44.42.
According to TipRanks, Chang is a 3-star analyst with an average return of 10.3% and a 68.75% success rate. Chang covers the Energy sector, focusing on stocks such as Permian Resources, Magnolia Oil & Gas, and SM Energy.
Currently, the analyst consensus on SM Energy is a Moderate Buy with an average price target of $47.45, a 6.82% upside from current levels. In a report released yesterday, RBC Capital also maintained a Hold rating on the stock with a $50.00 price target.
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SM market cap is currently $5.14B and has a P/E ratio of 6.48.
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SM Energy (SM) Company Description:
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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