SM Energy Co. (NYSE: SM) shares lost 17% Feb. 19, after releasing fourth quarter and 2013 results, but analysts remain confident in the Denver company’s potential.
SM reported a mixed quarter in which it beat production, but earnings and cash flow missed the mark.
David Tameron, senior analyst for Wells Fargo Securities LLC, rates the company “Outperform.”
SM updated its interpretation of its Eagle Ford acreage resources. Management estimates the changes result in a drop of about 17% in total unrisked resource potential for the Eagle Ford.
“The company has ...