Canaccord Genuity Maintains a 'Buy' on St. Mary's (SM); Investors Reward Clarity; Remains a Favorite Mid-Cap
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Price: $37.20 -1.17%
Rating Summary:
23 Buy, 15 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
23 Buy, 15 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Buy' on St. Mary's (NYSE: SM) price target lowered from $123 to $119.
Analyst, John Gerdes, said, "We are lowering our target price due to higher capital intensity partly offset by a higher liquids composition. We reiterate SM as our mid-cap favorite. Investors rewarded SM’s clarity on Eagle Ford and Bakken drilling locations/resource potential yesterday, with the stock outperforming the sector by a few hundred basis points. SM still has ~20% greater upside to our target than the sector as it trades at a ~15% discount (’12E EBITDA) though we anticipate it should generate 20% greater CFPS growth through ’13."
For an analyst ratings summary and ratings history on St. Mary's click here. For more ratings news on St. Mary's click here.
Shares of St. Mary's closed at $83.35 yesterday.
Analyst, John Gerdes, said, "We are lowering our target price due to higher capital intensity partly offset by a higher liquids composition. We reiterate SM as our mid-cap favorite. Investors rewarded SM’s clarity on Eagle Ford and Bakken drilling locations/resource potential yesterday, with the stock outperforming the sector by a few hundred basis points. SM still has ~20% greater upside to our target than the sector as it trades at a ~15% discount (’12E EBITDA) though we anticipate it should generate 20% greater CFPS growth through ’13."
For an analyst ratings summary and ratings history on St. Mary's click here. For more ratings news on St. Mary's click here.
Shares of St. Mary's closed at $83.35 yesterday.
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