SM Energy (NYSE: SM) had its price target decreased by Jefferies Group from $93.00 to $56.00 in a research report sent to investors on Tuesday morning.
SM has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a hold rating on shares of SM Energy in a research note to investors on Monday, December 10th. They now have a $62.00 price target on the stock.
Shares of SM Energy traded up 6.75% during mid-day trading on Tuesday, hitting $51.38. SM Energy has a one year low of $39.44 and a one year high of $84.40. The company?s market cap is $3.395 billion.
SM Energy last issued its quarterly earnings data on Wednesday, October 31st. The company reported $0.14 earnings per share for the quarter, beating the analysts? consensus estimate of $0.08 by $0.06. SM Energy?s revenue was down 28.6% compared to the same quarter last year. On average, analysts predict that SM Energy will post $0.97 earnings per share for the current fiscal year.
SM Energy Company (SM Energy) is an independent energy company. The Company is engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids (referred to as oil, gas, and NGLs) in onshore North America.
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Source: http://www.jagsreport.com/2012/12/jefferies-group-lowers-price-target-on-sm-energy-sm/
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