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2017-05-17 08:32:21 SM SM Energy $20.74 -0.9 (-4.16%) 08:32 05/17/17 05/17 08:32 05/17/17 08:32	SM Energy price target lowered to $35 from $45 at Baird Baird analyst Daniel Katzenberg lowered his price target on SM Energy to $35 from $45 as the company's decision to retain its Bakken acreage complicates its earlier corporate goals to focus on the Permian and Eagle Ford areas only. The analyst said the retention pushes out the company's deleveraging goals, though shares remain attractively valued. Katzenberg reiterated his Outperform rating on SM Energy shares.
SM SM Energy $20.74 -0.9 (-4.16%) 05/16/17 SCOT 05/16/17 DOWNGRADE SCOT Sector Perform SM Energy downgraded to Sector Perform from Outperform at Scotiabank 05/11/17 BOFA 05/11/17 DOWNGRADE Target $37 BOFA Neutral SM Energy downgraded to Neutral on reduced oil price outlook at BofA/Merrill As previously reported, BofA/Merrill downgraded SM Energy to Neutral from Buy and cut its price target to $37 from $48. Analysts led by Doug Leggate said oil markets are taking longer to re-balanced than previously expected and the commodity team lowered its mid year peak in Brent oil prices to $60 from $70. Given the revised commodity price outlook, the analyst sees SM's 2018 net-debt-to EBITDA ratio increased to 4.9x and believes current production growth targets could prove aggressive. 05/11/17 BOFA 05/11/17 DOWNGRADE BOFA Neutral SM Energy downgraded to Neutral from Buy at BofA/Merrill 03/24/17 UBSW 03/24/17 INITIATION Target $23 UBSW Neutral SM Energy assumed coverage with a Neutral at UBS UBS analyst Betty Jiang assumed coverage on SM Energy with a Neutral rating and $23 price target.

2017-05-17 08:32:21

SM Energy

$20.74: -0.9 (-4.16%)

08:32

05/17/17

05/17

08:32

05/17/17

08:32

SM Energy price target lowered to $35 from $45 at Baird

Baird analyst Daniel Katzenberg lowered his price target on SM Energy to $35 from $45 as the company's decision to retain its Bakken acreage complicates its earlier corporate goals to focus on the Permian and Eagle Ford areas only. The analyst said the retention pushes out the company's deleveraging goals, though shares remain attractively valued. Katzenberg reiterated his Outperform rating on SM Energy shares.

SM SM Energy

$20.74: -0.9 (-4.16%)

05/16/17: SCOT

05/11/17: BOFA

05/11/17: BOFA

03/24/17: UBSW

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SM Energy price target lowered to $35 from $45 at Baird

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