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KeyBanc Reaffirms Their Buy Rating on SM Energy (SM)

Tipranks - Sat Jan 17, 5:52AM CST

In a report released yesterday, Tim Rezvan from KeyBanc maintained a Buy rating on SM Energy, with a price target of $28.00. The company’s shares closed yesterday at $18.34.

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Rezvan covers the Energy sector, focusing on stocks such as Matador Resources, SM Energy, and Magnolia Oil & Gas. According to TipRanks, Rezvan has an average return of -8.8% and a 35.21% success rate on recommended stocks.

In addition to KeyBanc, SM Energy also received a Buy from TipRanks – Google’s Google Oil and Gas Exploration and Production in a report issued yesterday. However, on January 13, TipRanks – Anthropic initiated coverage with a Hold rating on 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 $811.01 million and a net profit of $155.09 million. In comparison, last year the company earned a revenue of $642.38 million and had a net profit of $240.52 million

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