SM Energy (SM) Gets a Buy Rating from Stifel Nicolaus

Stifel Nicolaus analyst Michael Scialla maintained a Buy rating on SM Energy (SMResearch Report) on July 22 and set a price target of $76.00. The company’s shares closed last Friday at $34.74.

According to TipRanks.com, Scialla is a 1-star analyst with an average return of -2.5% and a 32.4% success rate. Scialla covers the Utilities sector, focusing on stocks such as Occidental Petroleum, Matador Resources, and Civitas Resources.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SM Energy with a $62.25 average price target, which is a 74.9% upside from current levels. In a report issued on July 20, MKM Partners also initiated coverage with a Buy rating on the stock with a $54.00 price target.

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Based on SM Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $859 million and net profit of $48.76 million. In comparison, last year the company earned revenue of $423 million and had a GAAP net loss of $251 million.

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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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