SM Energy Company (NYSE:SM) traded at a new 52-week high today of $25.25. So far today approximately 1.6 million shares have been exchanged, as compared to an average 30-day volume of 3.5 million shares.
There is potential upside of 16.7% for shares of SM Energy Company based on a current price of $24.79 and an average consensus analyst price target of $28.94.
SM Energy is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids. Operating primarily out of the United States, the company actively participates in joint ventures, prospects/leaseholds, and drill-to-earn opportunities. The majority of the company's revenue is derived from some of the United States' premier drilling locations. Drilling location interests have been traditionally obtained through oil and gas leases from third parties. SM Energy relies on its fleet of geologists, geophysicists, landmen, and engineers to help extract the full potential out of all properties held.
Over the past year, SM Energy Company has traded in a range of $1.34 to $25.25 and is now at $24.79, 1,750% above that low.
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