In a report issued on July 11, Scott Hanold from RBC Capital maintained a Hold rating on SM Energy (SM – Research Report), with a price target of $55.00. The company’s shares closed last Tuesday at $31.98.
According to TipRanks.com, Hanold is a top 100 analyst with an average return of 23.2% and a 58.7% success rate. Hanold covers the Utilities sector, focusing on stocks such as Centennial Resource Development, California Resources Corp, and Continental Resources.
Currently, the analyst consensus on SM Energy is a Moderate Buy with an average price target of $64.50.
SM Energy’s market cap is currently $4.05B and has a P/E ratio of 12.67.
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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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