SM Energy Company (NYSE:SM) PT Lowered to $20.00
SM Energy Company (NYSE:SM) had its price target reduced by research analysts at Barclays PLC from $21.00 to $20.00 in a research note issued to investors on Tuesday. The brokerage currently has an “overweight” rating on the energy company’s stock. Barclays PLC’s target price would indicate a potential upside of 35.87% from the company’s previous close.
Other analysts have also recently issued reports about the company. BidaskClub cut SM Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday. BMO Capital Markets set a $20.00 price target on SM Energy and gave the company a “hold” rating in a report on Saturday. Williams Capital set a $32.00 price objective on SM Energy and gave the stock a “buy” rating in a report on Friday. Zacks Investment Research cut SM Energy from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Bank of America Corporation started coverage on SM Energy in a report on Wednesday, July 19th. They set a “neutral” rating and a $20.00 price objective for the company. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $34.53.
SM Energy (NYSE SM) traded up 2.01% during trading on Tuesday, reaching $14.72. The company’s stock had a trading volume of 5,522,779 shares. SM Energy has a 1-year low of $13.76 and a 1-year high of $43.09. The stock’s market capitalization is $1.64 billion. The stock has a 50 day moving average price of $16.57 and a 200 day moving average price of $21.99.
SM Energy (NYSE:SM) last released its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.32) EPS for the quarter, meeting analysts’ consensus estimates of ($0.32). The business had revenue of $284.94 million for the quarter, compared to the consensus estimate of $299.12 million. SM Energy had a negative return on equity of 3.11% and a negative net margin of 20.67%. The business’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.44) EPS. Analysts anticipate that SM Energy will post ($1.02) earnings per share for the current fiscal year.
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In other news, EVP Herbert S. Vogel acquired 3,000 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was purchased at an average cost of $16.60 per share, with a total value of $49,800.00. Following the completion of the acquisition, the executive vice president now directly owns 32,637 shares in the company, valued at $541,774.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Javan D. Ottoson acquired 2,000 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was purchased at an average cost of $16.44 per share, with a total value of $32,880.00. Following the completion of the acquisition, the chief executive officer now owns 143,302 shares of the company’s stock, valued at $2,355,884.88. The disclosure for this purchase can be found here. Insiders own 0.89% of the company’s stock.
A number of hedge funds have recently made changes to their positions in SM. Meadow Creek Investment Management LLC raised its stake in shares of SM Energy by 172.9% in the first quarter. Meadow Creek Investment Management LLC now owns 5,632 shares of the energy company’s stock valued at $135,000 after buying an additional 3,568 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of SM Energy by 12.1% in the second quarter. Pacer Advisors Inc. now owns 9,878 shares of the energy company’s stock valued at $163,000 after buying an additional 1,064 shares in the last quarter. Tocqueville Asset Management L.P. purchased a new stake in shares of SM Energy during the second quarter valued at $165,000. Credit Agricole S A raised its stake in shares of SM Energy by 13.2% in the first quarter. Credit Agricole S A now owns 7,106 shares of the energy company’s stock valued at $171,000 after buying an additional 831 shares in the last quarter. Finally, B & T Capital Management DBA Alpha Capital Management raised its stake in shares of SM Energy by 3.2% in the second quarter. B & T Capital Management DBA Alpha Capital Management now owns 10,959 shares of the energy company’s stock valued at $181,000 after buying an additional 335 shares in the last quarter. 97.34% of the stock is owned by hedge funds and other institutional investors.
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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