SM Energy (SM) Shares Up 5.9%
SM Energy Co (NYSE:SM)’s share price shot up 5.9% during mid-day trading on Monday . The stock traded as high as $21.88 and last traded at $21.54. 3,853,334 shares were traded during mid-day trading, an increase of 7% from the average session volume of 3,591,553 shares. The stock had previously closed at $20.34.
Several research firms recently issued reports on SM. KeyCorp set a $32.00 target price on shares of SM Energy and gave the company a “buy” rating in a research note on Sunday, January 21st. Robert W. Baird boosted their price target on shares of SM Energy from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, December 18th. Williams Capital reissued a “buy” rating and issued a $39.00 price target on shares of SM Energy in a report on Wednesday, January 10th. Deutsche Bank began coverage on shares of SM Energy in a report on Thursday, February 1st. They issued a “buy” rating and a $32.00 price target for the company. Finally, ValuEngine lowered shares of SM Energy from a “sell” rating to a “strong sell” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.81.
The stock has a market cap of $2,404.38, a price-to-earnings ratio of -6.00 and a beta of 2.95. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.53 and a quick ratio of 1.53.
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SM Energy Company Profile
SM Energy Company is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids in onshore North America. It operates in the exploration and production segment of the oil and gas industry within the United States.
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