5 Most Promising Energy Stocks According to Analysts

3. SM Energy Company (NYSE:SM)

Number of Hedge Fund Holders: 31

One-Year Average Price Target: 45.58

Colorado-based energy company SM Energy Company (NYSE:SM) ranks 3rd in our list of the most promising energy stocks according to analysts. In February, SM Energy Company (NYSE:SM) posted strong Q4 results, according to which its adjusted EPS in the period totaled $1.29, beating estimates by $0.06. Revenue in the quarter fell 21.5% on a YoY basis but still beat analyst estimates by $56.6 million.

For full-year 2023, SM Energy Company (NYSE:SM) said it expects its production volumes to remain flat or grow by low single digits at 52.5-54.5 MMBoe.

At the end of the last quarter of 2022, 31 hedge funds tracked by Insider Monkey reported having stakes in SM Energy Company (NYSE:SM). The net worth of these stakes was $382 million. The biggest hedge fund stakeholder of SM Energy Company (NYSE:SM) was Marshall Wace LLP’s Paul Marshall and Ian Wace which had a $66 million stake in the firm.