SM Energy Co (SM) Given Average Rating of “Hold” by Brokerages
Shares of SM Energy Co (NYSE:SM) have earned an average recommendation of “Hold” from the nineteen research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and ten have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $27.81.
Several equities research analysts have recently commented on SM shares. Stifel Nicolaus set a $44.00 target price on SM Energy and gave the company a “buy” rating in a research note on Monday, January 29th. JPMorgan Chase & Co. raised SM Energy from a “neutral” rating to an “overweight” rating and set a $30.00 target price for the company in a research note on Monday, October 23rd. KeyCorp reissued a “buy” rating and issued a $26.00 target price on shares of SM Energy in a research note on Friday, October 20th. Royal Bank of Canada reissued a “hold” rating and issued a $24.00 target price on shares of SM Energy in a research note on Wednesday, January 10th. Finally, Williams Capital lifted their target price on SM Energy from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th.
Institutional investors have recently made changes to their positions in the stock. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of SM Energy during the fourth quarter worth $134,000. State of Alaska Department of Revenue acquired a new stake in shares of SM Energy during the fourth quarter worth $143,000. Tower Research Capital LLC TRC grew its stake in shares of SM Energy by 2,652.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,770 shares of the energy company’s stock worth $149,000 after purchasing an additional 6,524 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in shares of SM Energy during the fourth quarter worth $232,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of SM Energy during the third quarter worth $261,000. 97.36% of the stock is owned by institutional investors and hedge funds.
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About SM Energy
SM Energy Company is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids in onshore North America. It operates in the exploration and production segment of the oil and gas industry within the United States.
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