Jefferies Cuts Numbers on SM Energy (SM), Keeps Buy Rating

Jefferies cuts its price target and estimates on SM Energy (NYSE: SM) from $100 to $93 following Q4 results, but maintained its Buy rating.

The firm comments, "SM offers a large inventory of liquids-rich and highly economic assets that will drive growth for years to come. Recently laid out development plans provide visibility into vast probables value. Main challenge is to manage cash flows and modest funding gaps."

Q1 EPS goes down from $0.81 to $0.48, FY12 down from $3.77 to $2.62 and FY13 was maintained at $2.58,

For an analyst ratings summary and ratings history on SM Energy click here. For more ratings news on SM Energy click here.

Shares of SM Energy closed at $80.32 yesterday.

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