UPDATE: Barrington Research Starts SM Energy (SM) at Outperform; Considerable Opportunities in Focus
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Price: $33.75 --0%
Rating Summary:
23 Buy, 15 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 18 | New: 20
Rating Summary:
23 Buy, 15 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 18 | New: 20
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(Updated - May 21, 2012 10:53 AM EDT)
Barrington Research initiates coverage on SM Energy (NYSE: SM) with an Outperform. PT $73.50.
Analyst, Rudolf A. Hokanson, said, "Increasing oil and liquids production as a percent of total production is expected to reach 50% by 2014. Programs in the Eagle Ford shale, Bakken/Three Forks and Granite Wash offer considerable opportunities. In 2012, capital spending will focus on oil and NGL-rich gas."
"SM Energy’s valuation fails to reflect the growing liquids and oil percentage of reserves and production. As the production becomes 50% oil and liquids over the next two to three years, oil will increasingly be a portion of that total mix as several plays evolve."
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 $56.78 yesterday.
Barrington Research initiates coverage on SM Energy (NYSE: SM) with an Outperform. PT $73.50.
Analyst, Rudolf A. Hokanson, said, "Increasing oil and liquids production as a percent of total production is expected to reach 50% by 2014. Programs in the Eagle Ford shale, Bakken/Three Forks and Granite Wash offer considerable opportunities. In 2012, capital spending will focus on oil and NGL-rich gas."
"SM Energy’s valuation fails to reflect the growing liquids and oil percentage of reserves and production. As the production becomes 50% oil and liquids over the next two to three years, oil will increasingly be a portion of that total mix as several plays evolve."
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 $56.78 yesterday.
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