Why Did SM Energy Soar 13.31%?

Generated by AI AgentAinvest Movers Radar
Thursday, Apr 17, 2025 7:32 am ET1min read

On April 17, 2025, SM Energy's stock surged by 13.31% in pre-market trading, reflecting a significant bullish sentiment among investors.

Analysts have been actively revising their price targets for

. Stephens analyst Mike Scialla recently lowered the price target from $62 to $55 while maintaining an Overweight rating on the stock. This adjustment comes as part of a broader reassessment of the company's valuation and growth prospects.

Despite the reduction in the price target, the Overweight rating suggests that analysts still view SM Energy as a strong investment opportunity. The average 12-month price target among analysts stands at $42.25, with a high estimate of $55.00 and a low estimate of $33.00. This range indicates a mix of optimistic and cautious views on the company's future performance.

Investors are closely monitoring these developments as they evaluate the potential for further stock price movements. The recent pre-market surge highlights the market's positive response to the company's strategic initiatives and financial performance.

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