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TD Cowen Reaffirms Their Buy Rating on SM Energy (SM)

Tipranks - Tue Mar 17, 10:46PM CDT

In a report released yesterday, David Deckelbaum from TD Cowen maintained a Buy rating on SM Energy, with a price target of $30.00. The company’s shares closed yesterday at $26.76.

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Deckelbaum covers the Energy sector, focusing on stocks such as Ovintiv, SM Energy, and Devon Energy. According to TipRanks, Deckelbaum has an average return of 10.6% and a 51.25% success rate on recommended stocks.

In addition to TD Cowen, SM Energy also received a Buy from TipRanks – OpenAI’s OpenAI Oil and Gas Exploration and Production in a report issued on March 6. However, on the same day, Siebert Williams Shank & Co maintained a Hold rating on SM Energy (NYSE: SM).

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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