Canaccord Genuity Maintains a 'Buy' on SM Energy (SM); Simple Execution Will Help Shares Outperform
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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 SM Energy (NYSE: SM) price target of $110.00.
Analyst, John Gerdes, said, "We are reaffirming SM as a favorite BUY-rated name. We believe NGL prices, which have weighed heavily on the stock, may be stabilizing. Further, the actual cost/recovery relationship suggests capital productivity is superior rather than inferior to industry. Accordingly, we expect production growth to accelerate in the second half of the year with the alleviation of Eagle Ford infrastructure constraints."
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 $46.65 yesterday.
Analyst, John Gerdes, said, "We are reaffirming SM as a favorite BUY-rated name. We believe NGL prices, which have weighed heavily on the stock, may be stabilizing. Further, the actual cost/recovery relationship suggests capital productivity is superior rather than inferior to industry. Accordingly, we expect production growth to accelerate in the second half of the year with the alleviation of Eagle Ford infrastructure constraints."
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 $46.65 yesterday.
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