Williams Capital Reiterates $32.00 Price Target for SM Energy Company (NYSE:SM)
SM Energy Company (NYSE:SM) received a $32.00 price target from investment analysts at Williams Capital in a research note issued to investors on Friday. The brokerage currently has a “buy” rating on the energy company’s stock. Williams Capital’s target price would suggest a potential upside of 109.70% from the company’s previous close.
A number of other research analysts have also commented on the company. Zacks Investment Research lowered SM Energy from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Bank of America Corporation assumed coverage on SM Energy in a report on Wednesday, July 19th. They set a “neutral” rating and a $20.00 price objective on the stock. Scotiabank set a $19.00 price objective on SM Energy and gave the company a “hold” rating in a report on Saturday, July 1st. Seaport Global Securities lowered SM Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $31.00 to $16.00 in a report on Wednesday, June 21st. Finally, Credit Suisse Group assumed coverage on SM Energy in a report on Thursday, June 1st. They set an “outperform” rating and a $30.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $35.05.
Shares of SM Energy (NYSE:SM) traded down 0.46% during mid-day trading on Friday, hitting $15.26. The stock had a trading volume of 4,850,409 shares. The company has a 50-day moving average of $16.57 and a 200 day moving average of $21.99. The firm’s market cap is $1.70 billion. SM Energy has a one year low of $13.76 and a one year high of $43.09. SM Energy also was the target of some unusual options trading on Thursday. Stock investors bought 31,365 put options on the company. This is an increase of approximately 1,179% compared to the average volume of 2,453 put options.
SM Energy (NYSE:SM) last issued its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.32) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.32). The business had revenue of $284.94 million for the quarter, compared to analyst estimates of $299.12 million. SM Energy had a negative return on equity of 3.17% and a negative net margin of 20.67%. The firm’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.44) EPS. On average, equities research analysts forecast that SM Energy will post ($0.98) earnings per share for the current year.
In other news, EVP Herbert S. Vogel acquired 3,000 shares of SM Energy stock in a transaction on Thursday, June 8th. The stock was bought at an average price of $16.60 per share, for a total transaction of $49,800.00. Following the transaction, the executive vice president now owns 32,637 shares of the company’s stock, valued at $541,774.20. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Javan D. Ottoson acquired 2,000 shares of SM Energy stock in a transaction on Thursday, June 8th. The stock was purchased at an average price of $16.44 per share, with a total value of $32,880.00. Following the transaction, the chief executive officer now directly owns 143,302 shares in the company, valued at approximately $2,355,884.88. The disclosure for this purchase can be found here. 0.89% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its stake in shares of SM Energy by 35.3% in the first quarter. Russell Investments Group Ltd. now owns 8,606 shares of the energy company’s stock worth $207,000 after buying an additional 2,245 shares in the last quarter. Nikko Asset Management Americas Inc. increased its stake in shares of SM Energy by 95.8% in the first quarter. Nikko Asset Management Americas Inc. now owns 492,507 shares of the energy company’s stock worth $11,830,000 after buying an additional 241,000 shares in the last quarter. First Mercantile Trust Co. increased its stake in shares of SM Energy by 31.9% in the first quarter. First Mercantile Trust Co. now owns 37,870 shares of the energy company’s stock worth $909,000 after buying an additional 9,160 shares in the last quarter. Waldron LP increased its stake in shares of SM Energy by 14.6% in the first quarter. Waldron LP now owns 40,737 shares of the energy company’s stock worth $978,000 after buying an additional 5,185 shares in the last quarter. Finally, Oslo Asset Management AS purchased a new stake in shares of SM Energy during the first quarter worth approximately $14,864,000. Institutional investors own 98.22% of the company’s stock.
SM Energy Company Profile
SM Energy Company is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids in onshore North America. It operates in the exploration and production segment of the oil and gas industry within the United States.
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