Short Interest in SM Energy Grows By 51.7% (SM)
SM Energy (NYSE:SM) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 2,692,526 shares, a growth of 51.7% from the April 30th total of 1,774,322 shares, AnalystRatings.Net reports. Currently, 4.1% of the company’s shares are sold short. Based on an average trading volume of 1,072,194 shares, the days-to-cover ratio is presently 2.5 days.
A number of analysts have recently weighed in on SM shares. Analysts at Wells Fargo & Co. downgraded shares of SM Energy from an “outperform” rating to a “market perform” rating in a research note on Friday, June 6th. Separately, analysts at Global Hunter Securities raised their price target on shares of SM Energy from $90.00 to $95.00 in a research note on Monday, May 19th. They now have a “buy” rating on the stock. Finally, analysts at Guggenheim raised their price target on shares of SM Energy from $76.00 to $83.00 in a research note on Wednesday, April 23rd. They now have a “neutral” rating on the stock. Twelve equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $94.65.
Shares of SM Energy (NYSE:SM) opened at 76.22 on Thursday. SM Energy has a 52-week low of $58.89 and a 52-week high of $94.00. The stock’s 50-day moving average is $75.99 and its 200-day moving average is $78.3. The company has a market cap of $5.111 billion and a price-to-earnings ratio of 23.14.
SM Energy (NYSE:SM) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.48 by $0.10. The company had revenue of $632.70 million for the quarter, compared to the consensus estimate of $599.71 million. During the same quarter in the prior year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 30.7% on a year-over-year basis. Analysts expect that SM Energy will post $6.48 EPS for the current fiscal year.
SM Energy Company (NYSE:SM) is an independent energy company.
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