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Fly News Breaks for March 28, 2019
SM
Mar 28, 2019 | 19:09 EDT
Stephens analyst Drew Lipke initiated SM Energy with an Overweight rating and a price target of $27. The analyst contends that the company's can generate mid-teen percent oil production growth based on its well performance to date. Lipke adds that SM Energy "stands out as a small cap E&P" and will become free cash flow positive in the second half of this year with WTI oil price at $55 per barrel "without sacrificing meaningful growth."
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