Stock Traders Buy High Volume of Put Options on SM Energy (SM)
SM Energy (NYSE:SM) was the target of some unusual options trading on Monday. Stock investors acquired 20,938 put options on the company, Stock Ratings Network reports. This represents an increase of approximately 951% compared to the average volume of 1,992 put options.
A number of analysts have recently weighed in on SM shares. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of SM Energy in a research note on Monday. They now have a $89.00 price target on the stock, up previously from $86.00. Separately, analysts at TheStreet downgraded shares of SM Energy to a “hold” rating in a research note on Friday. Finally, analysts at KLR Group raised their price target on shares of SM Energy from $6.00 to $100.00 in a research note on Thursday. They now have an “accumulate” rating on the stock. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $95.94.
Shares of SM Energy (NYSE:SM) traded up 3.26% during mid-day trading on Monday, hitting $80.74. The stock had a trading volume of 1,097,304 shares. SM Energy has a 52 week low of $65.98 and a 52 week high of $94.00. The stock has a 50-day moving average of $80.14 and a 200-day moving average of $77.53. The company has a market cap of $5.440 billion and a P/E ratio of 26.32.
SM Energy (NYSE:SM) last announced its earnings results on Tuesday, July 29th. The company reported $0.88 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.60 by $0.72. The company had revenue of $674.98 million for the quarter, compared to the consensus estimate of $621.71 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 20.7% on a year-over-year basis. On average, analysts predict that SM Energy will post $6.86 earnings per share for the current fiscal year.
SM Energy Company (NYSE:SM) is an independent energy company.
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