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Wells Fargo Releases a Hold Rating on SM Energy (SM)

Tipranks - Tipranks - Tue May 19, 6:52AM CDT

Wells Fargo analyst Hanwen Chang assigned a Hold rating to SM Energy today and set a price target of $32.00.

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Chang covers the Energy sector, focusing on stocks such as EOG Resources, Devon Energy, and Chord Energy. According to TipRanks, Chang has an average return of 13.4% and a 65.25% success rate on recommended stocks.

In addition to Wells Fargo, SM Energy also received a Hold from Susquehanna’s Charles Minervino in a report issued on May 11. However, on May 14, Siebert Williams Shank & Co upgraded SM Energy (NYSE: SM) to a Buy.

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Based on SM Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.48 billion and a GAAP net loss of $335 million. In comparison, last year the company earned a revenue of $839.62 million and had a net profit of $182.27 million

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