SM Energy Update - Feb 3

dan_s · Post by **dan_s** » Wed Feb 03, 2021 2:13 pm

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.