Susquehanna analyst Biju Perincheril raised the firm’s price target on SM Energy to $32 from $30 and keeps a Neutral rating on the shares. The firm noted SM Energy updated its 2Q and full-year guidance. The company expects to beat the high end of its 2Q production guidance, led by higher volumes on both new and existing wells in South Texas.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on SM:
- SM Energy rises 7.6%
- SM Energy rises 4.8%
- SM ENERGY ANNOUNCES CERTAIN SECOND QUARTER 2023 ACTIVITY: 2.6 MILLION SHARES REPURCHASED, PRODUCTION UP, CAPITAL EXPENDITURES DOWN, AND ENTERED AGREEMENTS TO ACQUIRE 22,800 OILY NET ACRES
- SM Energy management to meet with KeyBanc
- SM Energy Company Earnings Update: Did it Beat Estimate Forecasts?