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Fly News Breaks for April 17, 2019
SM
Apr 17, 2019 | 07:27 EDT
As previously reported, Susquehanna analyst Biju Perincheril downgraded SM Energy to Neutral from Positive, stating that he sees risk to 2020 consensus oil estimates and noting that his oil production estimates are 2% below consensus for 2019 and 8% below consensus for 2020. Some weakening in well productivity is likely as SM transitions more to multi-zone and multi-pad developments and this is not fully reflected in consensus, contends Perincheril. He trimmed his price target on the shares to $20 from $21.
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