In a report issued on August 19, Gabriele Sorbara from Williams Capital maintained a Buy rating on SM Energy (SM – Research Report), with a price target of $17. The company’s shares closed last Monday at $10.18, close to its 52-week low of $8.51.
According to TipRanks.com, Sorbara has currently no stars on a ranking scale of 0-5 stars, with an average return of -14.9% and a 29.3% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Jagged Peak Energy Inc, Gulfport Energy Corp, and Extraction Oil & Gas.
Currently, the analyst consensus on SM Energy is a Moderate Buy with an average price target of $15.10.
SM Energy’s market cap is currently $1.15B and has a P/E ratio of 26.38. The company has a Price to Book ratio of 0.41.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.