JPMorgan upgraded the stock from underweight to neutral.
Sometimes it just takes a paradigm shift from "they are going bankrupt" to "this company that has been trading below book value deserves a hard look". My valuation of $11.50 will go up if their guidance matches up with my forecast for 2021 and oil prices hold over $50/bbl.
SM Energy Update - Feb 3
SM Energy Update - Feb 3
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group