RBC Capital analyst Scott Hanold maintained a Hold rating on SM Energy (SM – Research Report) yesterday and set a price target of $54.00. The company’s shares closed yesterday at $50.93.
Hanold covers the Energy sector, focusing on stocks such as Northern Oil And Gas, Range Resources, and Diamondback. According to TipRanks, Hanold has an average return of 26.9% and a 69.87% success rate on recommended stocks.
Currently, the analyst consensus on SM Energy is a Moderate Buy with an average price target of $57.44.
Based on SM Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $608.73 million and a net profit of $247.11 million. In comparison, last year the company earned a revenue of $671.32 million and had a net profit of $258.46 million
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SM Energy (SM) Company Description:
SM Energy Co. is an independent energy company, which is engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids. Its operations are located in South Texas and Gulf Coast, Rocky Mountain, and Permian regions. The company was founded in 1908 and is headquartered in Denver, CO.
Read More on SM:
- SM Energy sees Q2 CapEx $315M-$325M
- SM Energy sees FY24 CapEx $1.14B-$1.18B
- SM ENERGY REPORTS FIRST QUARTER 2024 RESULTS; EXCELLENT OPERATIONAL EXECUTION BOOSTS BOTTOM LINE RESULTS AND SUPPORTS HIGHER PRODUCTION, LOWER CAPITAL GUIDANCE
- SM Energy reports Q1 adjusted EPS $1.41, consensus $1.28
- SM Energy price target raised to $51 from $42 at Susquehanna
