In a report released yesterday, Roger Read from Wells Fargo maintained a Hold rating on SM Energy (SM – Research Report), with a price target of $43.00. The company’s shares closed yesterday at $39.97.
According to TipRanks, Read is a 5-star analyst with an average return of 7.4% and a 54.23% success rate. Read covers the Energy sector, focusing on stocks such as APA, Devon Energy, and EQT.
In addition to Wells Fargo, SM Energy also received a Hold from Truist Financial’s Neal Dingmann in a report issued yesterday. However, on September 16, Mizuho Securities maintained a Buy rating on SM Energy (NYSE: SM).
SM market cap is currently $4.57B and has a P/E ratio of 5.76.
Based on the recent corporate insider activity of 39 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. Most recently, in August 2024, Patrick A Lytle, the VP – Chief Accounting Officer of SM sold 6,059.00 shares for a total of $287,499.55.
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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.
