Analyst Rating Update on This Canadian Energy Company

In a report released today, John Freeman from Raymond James maintained a Buy rating on SM Energy (SMResearch Report), with a price target of $55.00. The company’s shares closed last Monday at $36.71.

According to TipRanks.com, Freeman is a top 25 analyst with an average return of 35.5% and a 61.3% success rate. Freeman covers the Utilities sector, focusing on stocks such as National Fuel Gas Company, Continental Resources, and Northern Oil And Gas.

SM Energy has an analyst consensus of Moderate Buy, with a price target consensus of $61.34, a 72.3% upside from current levels. In a report issued on July 12, J.P. Morgan also maintained a Buy rating on the stock with a $60.00 price target.

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The company has a one-year high of $54.97 and a one-year low of $14.79. Currently, SM Energy has an average volume of 2.45M.

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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.

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