Why SM Energy Stock Is Soaring Today

1 min read

Shares of SM Energy (NYSE: SM) rallied more than 10% by 3:45 p.m. EST on Monday. Fueling the oil stock was an analyst upgrade. 

An analyst from RBC Capital upgraded shares of SM Energy from sector perform to outperform. The analyst also gave it a $12 price target, up from the previous price target of $2.50 a share, which implies an additional 30% upside even after today’s rally. 

Image source: Getty Images.

Continue reading

Leave a Reply

Your email address will not be published.

Previous Story

If You Invested $10,000 in Moderna in January, This Is How Much You’d Have Now

Next Story

Why Sundial Growers Stock Rose Today

Latest from Blog