SM Energy price target lowered to $30 from $34 at Susquehanna

Susquehanna lowered the firm’s price target on SM Energy to $30 from $34 and keeps a Neutral rating on the shares. The analyst said we are updating estimates for our E&P coverage universe ahead of 1Q’23 reports. We’re generally below Street estimates on EPS mostly on price realizations, while largely in-line on production and capex.