SM Energy price target raised to $64 from $50 at Seaport Research

Seaport Research raised the firm’s price target on SM Energy to $64 from $50 and keeps a Buy rating on the shares ahead of the release of the company’s Q1 results. The firm recently caught up with the company and learned it remains focused on strengthening its balance sheet, mild production growth, and expanding its inventory organically, the analyst tells investors. The firm is positively inclined towards the company’s Q1 results and its valuation remains compelling.