Stephens Raised Target Price on SM Energy (SM) to $49, Following Divesture of Some South Texas Assets

SM Energy Company (NYSE:SM) is one of the 13 Deep Value Stocks to Buy Right Now. On February 19, Stephens raised its target price on SM Energy by 2.1% to $49 (from $48) and retained its Overweight rating on the stock. This update came a day after SM Energy announced on February 18 that it sold some of its South Texas assets to Caturus Energy for $950 million. The firm views the deal as “positive” for SM Energy, despite the unit price ($25,000 per Boepd) being slightly below average compared with similar ...