In a report released yesterday, Hanwen Chang from Wells Fargo maintained a Hold rating on SM Energy (SM – Research Report), with a price target of $51.00. The company’s shares closed yesterday at $49.29.
According to TipRanks, Chang is a 4-star analyst with an average return of 16.2% and a 76.47% success rate. Chang covers the Energy sector, focusing on stocks such as Magnolia Oil & Gas, Matador Resources, and SM Energy.
SM Energy has an analyst consensus of Moderate Buy, with a price target consensus of $51.90, a 5.30% upside from current levels. In a report released on April 7, RBC Capital also maintained a Hold rating on the stock with a $50.00 price target.
Based on SM Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $640.9 million and a net profit of $222.34 million. In comparison, last year the company earned a revenue of $835.45 million and had a net profit of $481.24 million
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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.
