RBC Capital analyst Scott Hanold maintains $SM Energy (SM.US)$ with a hold rating, and maintains the target price at $50.
According to TipRanks data, the analyst has a success rate of 68.7% and a total average return of 26.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $SM Energy (SM.US)$'s main analysts recently are as follows:
The firm has revised its projections for SM Energy, factoring in recent strip pricing following the completion of the XCL Resources acquisition as part of a third-quarter earnings forecast.
The forecast for SM Energy has been adjusted in the context of a wider analysis of the Energy sector. This revision takes into account the new estimates for the North American Oil and Gas group, U.S. refiners, and Canadian oilfield services companies. It has been noted that crude prices experienced a significant drop in September, and it is anticipated that prices will stay close to the current levels for the remainder of the year.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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