SM Energy (SM) is Initiated by Cantor Fitzgerald to Hold

SM Energy (SM) is Initiated by Cantor Fitzgerald to Hold , according to the research report released to the investors. The shares recommendation by the Brokerage Firm was released on Dec-24-2015.

Shares of SM Energy Company (NYSE:SM) ended Thursday session in red amid volatile trading. The shares closed down 1.53 points or 7.08% at $20.09 with 3,475,100 shares getting traded. Post opening the session at $21.64, the shares hit an intraday low of $19.71 and an intraday high of $21.84 and the price vacillated in this range throughout the day. The company has a market cap of $1,366 million and the number of outstanding shares has been calculated to be 67,974,771 shares. The 52-week high of SM Energy Company (NYSE:SM) is $60.28 and the 52-week low is $18.211.

During the last several months other analysts have commented on the company rating. JP Morgan initiates coverage on SM Energy Company (NYSE:SM) The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency announces the price target to $31 per share. The rating by the firm was issued on December 9, 2015.

SM Energy Company (NYSE:SM) has received a hold rating for the short term, according to the latest rank of 3 from research firm, Zacks. The company received an average rating of 2 from 16 analysts. 7 have rated it as a strong buy. 2 analysts recommended buying the shares. 7 analysts have rated the company at hold.

SM Energy Company (NYSE:SM): 13 analysts have set the short term price target of SM Energy Company (NYSE:SM) at $41.96. The standard deviation of short term price target has been estimated at $9.36, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 54 and $29 respectively.

SM Energy Company has lost 16.67% in the last five trading days and dropped 38.79% in the last 4 weeks. SM Energy Company has dropped 43.16% during the last 3-month period . Year-to-Date the stock performance stands at -47.81%.

SM Energy Company (SM Energy) is an independent energy company. The Company is engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids (referred to as oil, gas, and NGLs) in onshore North America. The Company’s operations are focused on five operating areas in the onshore United States. In December 2011, the Company closed on its acquisition and development agreement with Mitsui E&P Texas LP (Mitsui), an indirect subsidiary of Mitsui & Co. Ltd., which transferred 12.5% of its working interest in certain non-operated oil and gas assets in South Texas. In December 2013, SM Energy Co announced that it had closed its previously announced Anadarko Basin divestiture package.