KeyBanc Sticks to Its Buy Rating for SM Energy (SM)
In a report released yesterday, Tim Rezvan from KeyBanc maintained a Buy rating on SM Energy, with a price target of $39.00. The company’s shares closed yesterday at $34.29.
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According to TipRanks, Rezvan is an analyst with an average return of -3.2% and a 43.49% success rate. Rezvan covers the Energy sector, focusing on stocks such as National Fuel Gas Company, Kimbell Royalty Partners, and Texas Pacific Land.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SM Energy with a $38.00 average price target, representing a 10.82% upside. In a report released on May 27, Mizuho Securities also maintained a Buy rating on the stock with a $38.00 price target.
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
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SM in relation to earlier this year. Last month, Ramiro Peru, a Director at SM sold 24,553.00 shares for a total of $834,310.94.
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