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Fly News Breaks for July 30, 2019
SM
Jul 30, 2019 | 07:20 EDT
As previously reported, SunTrust analyst Neal Dingmann initiated SM Energy with a Hold rating and a price target of $10. The analyst believes the company will outspend the cash flows from its "highly uniform" oil & gas assets by about $127M over the remainder of this year and sees zero to low single digit ROCE over the next 2 years. Dingmann adds that he needs to see a "material" cash flow to bring SM Energy's leverage to "comfort level."
News For SM From the Last 2 Days
