Shares of SM Energy Co (NYSE:SM) have earned a consensus recommendation of “Hold” from the eighteen ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $27.47.
Several equities analysts recently issued reports on SM shares. Mitsubishi UFJ Financial Group reissued a “neutral” rating on shares of SM Energy in a report on Monday, October 2nd. BMO Capital Markets set a $21.00 price objective on shares of SM Energy and gave the company a “hold” rating in a report on Tuesday, October 10th. Barclays lifted their price objective on shares of SM Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, October 11th. Williams Capital lifted their price objective on shares of SM Energy from $30.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Finally, KeyCorp reissued a “buy” rating and set a $26.00 price objective on shares of SM Energy in a report on Friday, October 20th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Key Group Holdings Cayman LTD. lifted its stake in shares of SM Energy by 40.9% during the second quarter. Key Group Holdings Cayman LTD. now owns 5,305,568 shares of the energy company’s stock worth $87,701,000 after buying an additional 1,538,955 shares during the period. State Street Corp lifted its stake in shares of SM Energy by 17.7% during the second quarter. State Street Corp now owns 5,195,340 shares of the energy company’s stock worth $85,878,000 after buying an additional 780,106 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of SM Energy by 12.7% during the third quarter. Dimensional Fund Advisors LP now owns 4,747,344 shares of the energy company’s stock worth $84,220,000 after buying an additional 536,076 shares during the period. Macquarie Group Ltd. lifted its stake in shares of SM Energy by 12.5% during the third quarter. Macquarie Group Ltd. now owns 3,132,954 shares of the energy company’s stock worth $55,579,000 after buying an additional 348,450 shares during the period. Finally, Frontier Capital Management Co. LLC lifted its stake in shares of SM Energy by 39.2% during the third quarter. Frontier Capital Management Co. LLC now owns 2,746,616 shares of the energy company’s stock worth $48,725,000 after buying an additional 773,741 shares during the period.
SM Energy (NYSE:SM) last issued its earnings results on Thursday, November 2nd. The energy company reported ($0.25) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.32) by $0.07. The business had revenue of $295.40 million for the quarter, compared to analyst estimates of $300.80 million. SM Energy had a negative net margin of 25.17% and a negative return on equity of 2.88%. The company’s quarterly revenue was down 16.2% compared to the same quarter last year. During the same period last year, the company posted ($0.37) earnings per share. research analysts anticipate that SM Energy will post -0.97 EPS for the current year.
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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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