SM Energy Company (SM) Receives Consensus Recommendation of “Hold” from Analysts
SM Energy Company (NYSE:SM) has been assigned a consensus recommendation of “Hold” from the eighteen analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $31.14.
SM has been the topic of a number of research analyst reports. Williams Capital set a $32.00 target price on SM Energy and gave the company a “buy” rating in a research report on Friday, August 4th. Royal Bank Of Canada set a $20.00 target price on SM Energy and gave the company a “hold” rating in a research report on Thursday, August 24th. Scotiabank set a $19.00 target price on SM Energy and gave the company a “hold” rating in a research report on Saturday, July 1st. BMO Capital Markets set a $20.00 target price on SM Energy and gave the company a “hold” rating in a research report on Saturday, August 5th. Finally, Bank of America Corporation initiated coverage on SM Energy in a research report on Wednesday, July 19th. They issued a “neutral” rating and a $20.00 target price on the stock.
Several hedge funds have recently modified their holdings of the stock. Fondren Management LP acquired a new position in shares of SM Energy during the second quarter worth $331,000. Public Employees Retirement System of Ohio grew its stake in shares of SM Energy by 17.3% during the second quarter. Public Employees Retirement System of Ohio now owns 49,191 shares of the energy company’s stock worth $813,000 after purchasing an additional 7,240 shares in the last quarter. Scotia Capital Inc. acquired a new position in shares of SM Energy during the second quarter worth $318,000. California State Teachers Retirement System grew its stake in shares of SM Energy by 3.2% during the second quarter. California State Teachers Retirement System now owns 204,059 shares of the energy company’s stock worth $3,373,000 after purchasing an additional 6,263 shares in the last quarter. Finally, Bank of Nova Scotia acquired a new position in shares of SM Energy during the second quarter worth $3,668,000. Hedge funds and other institutional investors own 97.06% of the company’s stock.
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SM Energy (NYSE SM) opened at 15.60 on Friday. The company’s market cap is $1.74 billion. SM Energy has a 52 week low of $12.29 and a 52 week high of $43.09. The company has a 50-day moving average price of $14.47 and a 200 day moving average price of $18.63.
SM Energy (NYSE:SM) last announced its earnings results on Thursday, August 3rd. The energy company reported ($0.32) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.32). The company 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 3.11% and a negative net margin of 20.67%. The firm’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.44) earnings per share. On average, equities research analysts forecast that SM Energy will post ($1.14) EPS for the current fiscal year.
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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