Published On: Wed, Oct 19th, 2016

RBC Capital Markets Indicates Potential 3.68% Increase In Shares Of SM Energy

On Wednesday RBC Capital Markets reiterated its broker consensus on shares of SM Energy (NYSE:SM) giving the company a ‘Sector Perform’ rating.

RBC Capital Markets gave shares of SM Energy a price target of 42 indicating a potential increase of 3.68% from SM Energy’s current price of 40.51.


In the prior 12 months SM Energy’s stock price has increased by 8.11% from 37.47 to 40.51.

SM Energy has 68,466,000 shares in issue which have a share price of 40.51 giving SM Energy a market capitalisation of 2.77B USD .

The 52 week high of SM Energy’s shares is 43.09 whilst the 52 week low for the company’s shares is 6.99. The 50 day moving average of NYSE:SM is 37.32 and the 200 day moving average is 30.87.

SM Energy Company is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids (NGLs) in onshore North America. The Company operates in the exploration and production segment of the oil and gas industry within the United States. Its operations are concentrated in onshore operating areas in the United States: South Texas & Gulf Coast Region, Rocky Mountain Region and Permian Region. It has working interests in approximately 1,460 gross (approximately 870 net) productive oil wells and approximately 1,770 gross (approximately 650 net) productive gas wells. Within South Texas & Gulf Coast Region, the Company has both operated and non-operated Eagle Ford shale programs on approximately 200,000 net acres. It has approximately 162,000 net acres being developed in the Bakken and Three Forks formations. It has approximately 23,000 net acres in its Permian Region.