SM Energy Company (SM) Stock Rating Reaffirmed by Williams Capital
SM Energy Company (NYSE:SM)‘s stock had its “buy” rating reaffirmed by stock analysts at Williams Capital in a report issued on Friday. They presently have a $30.00 price target on the energy company’s stock. Williams Capital’s price target suggests a potential upside of 92.31% from the company’s current price.
SM has been the topic of several other research reports. Barclays PLC dropped their price target on SM Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 8th. Zacks Investment Research cut SM Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Bank of America Corporation began coverage on SM Energy in a research report on Wednesday, July 19th. They issued a “neutral” rating and a $20.00 price target on the stock. Royal Bank Of Canada set a $20.00 price target on SM Energy and gave the company a “hold” rating in a research report on Thursday, August 24th. Finally, Credit Suisse Group began coverage on SM Energy in a research report on Thursday, June 1st. They issued an “outperform” rating and a $30.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. SM Energy presently has an average rating of “Hold” and a consensus target price of $31.73.
Shares of SM Energy (SM) traded down 0.76% during mid-day trading on Friday, hitting $15.60. The stock had a trading volume of 6,334,469 shares. The firm’s market cap is $1.74 billion. The firm has a 50 day moving average price of $14.54 and a 200 day moving average price of $18.70. SM Energy has a 52-week low of $12.29 and a 52-week high of $43.09.
SM Energy (NYSE:SM) last issued its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.32) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.32). The firm had revenue of $284.94 million for the quarter, compared to analysts’ expectations of $299.12 million. SM Energy had a negative return on equity of 3.11% 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 previous year, the firm posted ($0.44) EPS. Equities analysts predict that SM Energy will post ($1.14) EPS for the current year.
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Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of SM Energy by 16.2% during the 1st quarter. Vanguard Group Inc. now owns 8,779,746 shares of the energy company’s stock worth $210,889,000 after acquiring an additional 1,226,564 shares in the last quarter. Causeway Capital Management LLC boosted its stake in shares of SM Energy by 230.1% during the 1st quarter. Causeway Capital Management LLC now owns 6,909,664 shares of the energy company’s stock worth $189,801,000 after acquiring an additional 4,816,230 shares in the last quarter. Key Group Holdings Cayman LTD. boosted its stake in shares of SM Energy by 40.9% during the 2nd quarter. Key Group Holdings Cayman LTD. now owns 5,305,568 shares of the energy company’s stock worth $87,701,000 after acquiring an additional 1,538,955 shares in the last quarter. State Street Corp boosted its stake in shares of SM Energy by 17.7% during the 2nd quarter. State Street Corp now owns 5,195,340 shares of the energy company’s stock worth $85,878,000 after acquiring an additional 780,106 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of SM Energy by 12.6% during the 2nd quarter. Alliancebernstein L.P. now owns 4,497,847 shares of the energy company’s stock worth $74,349,000 after acquiring an additional 504,248 shares in the last quarter. 97.06% of the stock is currently owned by institutional investors and hedge funds.
About SM Energy
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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