Upgrade Alert for SM Energy (SM)
SM Energy (NYSE:SM) was upgraded from Neutral to Overweight at Piper Jaffray today. The stock closed yesterday at $34.83 on volume of 4.0 million shares, below average daily volume of 5.0 million.
Potential upside of 31.8% exists for SM Energy, based on a current level of $34.83 and analysts' average consensus price target of $45.92. SM Energy shares have support at the 200-day moving average (MA) of $25.88 and additional support at the 50-day MA of $20.57.
Over the past year, SM Energy has traded in a range of $6.99 to $60.28 and closed yesterday at $34.83, 398% above that low. The 200-day and 50-day moving averages have moved 0.53% lower and 9.04% higher over the past week, respectively.
St. Mary Land & Exploration Company is an independent energy company that explores for and produces natural gas and crude oil. The Company's operations are focused in the Mid-Continent region, the Arkansas/Louisiana/Texas region, south Louisiana, the Williston Basin, and the Permian Basin.
SmarTrend is monitoring the recent change of momentum in SM Energy. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of SM Energy in search of a potential trend change.
Keywords: analyst upgrades/downgrades sm energy