NEW YORK (TheStreet) -- SM Energy (SM) shares were downgraded to "market perform" from "outperform" by analysts at Wells Fargo (WFC) while lowering its price target range to $75-$82 from $84-$88.
Shares are down -0.5% to $75.06 in early market trading on Friday.
The stock has a 52 week range of $58.89 to $94.
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TheStreet Ratings team rates SM ENERGY CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate SM ENERGY CO (SM) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."
Highlights from the analysis by TheStreet Ratings Team goes as follows: