Williams Capital Thinks SM Energy’s Stock is Going to Recover

In a report released today, Gabriele Sorbara from Williams Capital reiterated a Buy rating on SM Energy (SMResearch Report), with a price target of $18. The company’s shares closed yesterday at $9.20, close to its 52-week low of $9.15.

According to TipRanks.com, Sorbara has currently no stars on a ranking scale of 0-5 stars, with an average return of -14.0% and a 28.9% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Jagged Peak Energy Inc, Gulfport Energy Corp, and Extraction Oil & Gas.

SM Energy has an analyst consensus of Moderate Buy, with a price target consensus of $19.

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Based on SM Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $178 million. In comparison, last year the company had a net profit of $17.2 million.

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.