KeyBanc Remains a Buy on SM Energy (SM)
KeyBanc analyst Tim Rezvan maintained a Buy rating on SM Energy yesterday and set a price target of $39.00. The company’s shares closed yesterday at $29.50.
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According to TipRanks, Rezvan is an analyst with an average return of -2.9% and a 47.30% success rate. Rezvan covers the Energy sector, focusing on stocks such as SM Energy, Magnolia Oil & Gas, and Matador Resources.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SM Energy with a $31.17 average price target, a 5.66% upside from current levels. In a report released today, TipRanks – Google also reiterated a Buy rating on the stock with a $37.00 price target.
Based on SM Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $718.3 million and a net profit of $108.98 million. In comparison, last year the company earned a revenue of $835.86 million and had a net profit of $188.28 million
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