SM Energy (NYSE: SM) has recently received a number of price target changes and ratings updates:

  • 8/5/2017 – SM Energy was given a new $20.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 8/4/2017 – SM Energy was given a new $32.00 price target on by analysts at Williams Capital. They now have a “buy” rating on the stock.
  • 7/27/2017 – SM Energy was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Though SM Energy holds considerable acreage in the Williston Basin, most of its holdings lie in the region having low yield. Thus, its results will likely lag its peers who have acreage in the core region of the Bakken. The company is facing pressure on top line. Over the past three years (2014–2016), total revenues declined at a CAGR of 30.5%. Continued pressure on oil and gas prices are the primarily reasons for decrease in revenues. We are also concerned with the company’s high debt load. At the end of the first quarter, SM Energy’s debt balance stood at $2,898.6 million compared with cash balance of $659.1 million in the balance sheet. In fact, the company’s debt-to-capitalization ratio is 52.6%, higher than the broader industry average of 50.3%.”
  • 7/19/2017 – SM Energy is now covered by analysts at Bank of America Corporation. They set a “neutral” rating and a $20.00 price target on the stock.
  • 7/19/2017 – SM Energy was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Though SM Energy holds considerable acreage in the Williston Basin, most of its holdings lie in the region having low yield. Thus, its results will likely lag its peers who have acreage in the core region of the Bakken. The company is facing pressure on top line. Over the past three years (2014–2016), total revenues declined at a CAGR of 30.5%. Continued pressure on oil and gas prices are the primarily reasons for decrease in revenues. We are also concerned with the company’s high debt load. At the end of the first quarter, SM Energy’s debt balance stood at $2,898.6 million compared with cash balance of $659.1 million in the balance sheet. In fact, the company’s debt-to-capitalization ratio is 52.6%, higher than the broader industry average of 50.3%.”
  • 7/1/2017 – SM Energy was given a new $19.00 price target on by analysts at Scotiabank. They now have a “hold” rating on the stock.
  • 6/21/2017 – SM Energy was downgraded by analysts at Seaport Global Securities from a “buy” rating to a “neutral” rating. They now have a $16.00 price target on the stock, down previously from $31.00.

Shares of SM Energy Company (SM) opened at 14.43 on Tuesday. The stock’s market cap is $1.61 billion. The firm has a 50-day moving average of $16.57 and a 200-day moving average of $21.99. SM Energy Company has a one year low of $13.76 and a one year high of $43.09.

SM Energy (NYSE:SM) last posted its earnings results 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 net margin of 20.67% and a negative return on equity of 3.11%. The company’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.44) EPS. On average, equities research analysts expect that SM Energy Company will post ($1.02) earnings per share for the current fiscal year.

In other SM Energy news, EVP Herbert S. Vogel bought 3,000 shares of the business’s stock in a transaction on Thursday, June 8th. The shares were acquired at an average price of $16.60 per share, with a total value of $49,800.00. Following the transaction, the executive vice president now owns 32,637 shares of the company’s stock, valued at approximately $541,774.20. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Javan D. Ottoson bought 2,000 shares of the business’s stock in a transaction on Thursday, June 8th. The shares were acquired at an average cost of $16.44 per share, for a total transaction 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. Company insiders own 0.89% of the company’s stock.

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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