SM Energy (SM) Receives a Hold from Siebert Williams Shank & Co

By Carrie Williams

In a report released today, Gabriele Sorbara from Siebert Williams Shank & Co reiterated a Hold rating on SM Energy (SMResearch Report), with a price target of $4.50. The company’s shares closed last Thursday at $3.48.

According to TipRanks.com, Sorbara is ranked 0 out of 5 stars with an average return of -22.6% and a 23.9% success rate. Sorbara covers the Utilities sector, focusing on stocks such as Continental Resources, Matador Resources, and Concho Resources.

The word on The Street in general, suggests a Hold analyst consensus rating for SM Energy with a $4.50 average price target.

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Based on SM Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $356 million and GAAP net loss of $412 million. In comparison, last year the company earned revenue of $341 million and had a GAAP net loss of $178 million.

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SM Energy Co. is an independent energy company, which is engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids. Its operations are located in South Texas and Gulf Coast, Rocky Mountain, and Permian regions. The company was founded in 1908 and is headquartered in Denver, CO.