Barrington Initiates Coverage of SM Energy with Outperform Rating, $73.50 PT

In a report published earlier today, Barrington Research initiated coverage of SM Energy Co. SM with an Outperform rating and a $73.50 price target. Barrington went on to say “SM Energy had an estimated 1,259 BCFE proved reserves (844 proved developed, 415.2 proved undeveloped) at the end of 2011, up 28% from year-end 2010. 53% was Gas and 47% was Oil and Liquids. Liquid volumes of proved reserves increased 73% YOY, 2011 over 2010.” SM Energy Co. closed on Friday at $56.78.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorInitiationAnalyst RatingsBarrington Research
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!