• Return to Headlines

Upgrade Alert for SM Energy (SM)

By Amy Schwartz

SM Energy (NYSE:SM) was upgraded from Equalweight to Overweight at Capital One today. The stock closed yesterday at $39.06 on volume of 6.2 million shares, above average daily volume of 5.0 million.

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.

In the past 52 weeks, SM Energy share prices have been bracketed by a low of $6.99 and a high of $60.28 and closed yesterday at $39.06, 459% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 9.0% while the 200-day MA has slid 0.5%.

There is potential upside of 17.6% for shares of SM Energy based on a current price of $39.06 and an average consensus analyst 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.

SmarTrend recommended that subscribers consider buying shares of SM Energy on August 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.01. Since that recommendation, shares of SM Energy have risen 29.0%. We continue to monitor SM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades sm energy

Ticker(s): SM