Truist Financial analyst Neal Dingmann maintained a Hold rating on SM Energy (SM – Research Report) yesterday and set a price target of $49.00. The company’s shares closed yesterday at $44.25.
Dingmann covers the Energy sector, focusing on stocks such as Matador Resources, Crescent Energy Company Class A, and APA. According to TipRanks, Dingmann has an average return of 11.3% and a 67.99% success rate on recommended stocks.
Currently, the analyst consensus on SM Energy is a Moderate Buy with an average price target of $58.82, representing a 32.93% upside. In a report released on July 2, RBC Capital also maintained a Hold rating on the stock with a $54.00 price target.
Based on SM Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $606.86 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
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SM in relation to earlier this year.
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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.
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