SM Energy (NYSE:SM) has been given a $32.00 price target by investment analysts at KeyCorp in a report issued on Sunday. The firm presently has a “buy” rating on the energy company’s stock. KeyCorp’s price objective would indicate a potential upside of 26.38% from the stock’s current price.
SM has been the topic of a number of other reports. Robert W. Baird boosted their price target on SM Energy from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Monday, December 18th. BMO Capital Markets set a $21.00 price target on SM Energy and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Williams Capital reissued a “buy” rating and issued a $39.00 price target on shares of SM Energy in a research report on Wednesday, January 10th. Barclays boosted their price target on SM Energy from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, November 20th. Finally, Scotiabank reissued a “hold” rating and issued a $20.00 price target on shares of SM Energy in a research report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. SM Energy currently has an average rating of “Hold” and an average price target of $27.53.
Shares of SM Energy (NYSE:SM) traded down $0.37 on Friday, hitting $25.32. The stock had a trading volume of 2,426,000 shares, compared to its average volume of 3,986,785. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.53 and a current ratio of 1.53. SM Energy has a 12-month low of $12.29 and a 12-month high of $34.79. The company has a market cap of $2,960.00, a PE ratio of -7.45 and a beta of 3.02.
SM Energy (NYSE:SM) last issued its quarterly earnings results on Thursday, November 2nd. The energy company reported ($0.25) EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.07. SM Energy had a negative return on equity of 2.88% and a negative net margin of 25.17%. The firm had revenue of $295.40 million for the quarter, compared to analysts’ expectations of $300.80 million. During the same period in the previous year, the firm posted ($0.37) EPS. The business’s revenue for the quarter was down 16.2% compared to the same quarter last year. sell-side analysts forecast that SM Energy will post -0.97 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new position in shares of SM Energy during the 4th quarter valued at $143,000. Russell Investments Group Ltd. lifted its holdings in shares of SM Energy by 43.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 12,368 shares of the energy company’s stock valued at $205,000 after buying an additional 3,762 shares during the period. Van ECK Associates Corp lifted its holdings in shares of SM Energy by 20.9% during the 2nd quarter. Van ECK Associates Corp now owns 14,298 shares of the energy company’s stock valued at $236,000 after buying an additional 2,467 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in shares of SM Energy during the 3rd quarter valued at $261,000. Finally, Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of SM Energy by 63.9% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 18,100 shares of the energy company’s stock valued at $299,000 after buying an additional 7,057 shares during the period. 97.36% of the stock is currently owned by institutional investors and hedge funds.
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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.