SM Energy (SM) was downgraded to a Hold Rating at Siebert Williams Shank & Co
In a report released today, Gabriele Sorbara from Siebert Williams Shank & Co downgraded SM Energy to a Hold, with a price target of $23.00.
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Sorbara covers the Energy sector, focusing on stocks such as Vital Energy, SM Energy, and Expand Energy. According to TipRanks, Sorbara has an average return of 19.5% and a 51.87% success rate on recommended stocks.
In addition to Siebert Williams Shank & Co, SM Energy also received a Hold from RBC Capital’s Scott Hanold in a report issued on November 3. However, on November 4, Roth MKM assigned a Buy rating to SM Energy (NYSE: SM).
Based on SM Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $811.59 million and a net profit of $155.09 million. In comparison, last year the company earned a revenue of $643.61 million and had a net profit of $240.52 million
Read More on SM:
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