SM Energy (SM) Downgraded to Strong Sell at ValuEngine

SM Energy (NYSE:SM) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued on Tuesday.

Other analysts also recently issued reports about the stock. KeyCorp reissued a “buy” rating and set a $26.00 target price on shares of SM Energy in a research note on Friday, October 20th. Williams Capital boosted their target price on shares of SM Energy from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Zacks Investment Research raised shares of SM Energy from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Thursday, November 9th. Robert W. Baird set a $35.00 target price on shares of SM Energy and gave the company a “buy” rating in a research note on Wednesday, January 10th. Finally, Stifel Nicolaus set a $44.00 target price on shares of SM Energy and gave the company a “buy” rating in a research note on Monday, January 29th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. SM Energy has an average rating of “Hold” and a consensus target price of $27.81.

Shares of SM Energy (NYSE SM) traded down $1.07 during trading hours on Tuesday, reaching $20.47. 4,280,000 shares of the company’s stock traded hands, compared to its average volume of 3,530,000. 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 52 week low of $12.29 and a 52 week high of $29.30. The firm has a market cap of $2,280.00, a P/E ratio of -6.02 and a beta of 2.94.

Several hedge funds and other institutional investors have recently bought and sold shares of SM. Mackenzie Financial Corp increased its stake in shares of SM Energy by 141.0% in the fourth quarter. Mackenzie Financial Corp now owns 1,674,685 shares of the energy company’s stock worth $36,977,000 after acquiring an additional 979,685 shares during the last quarter. State Street Corp increased its stake in shares of SM Energy by 17.7% in the second 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 during the last quarter. Frontier Capital Management Co. LLC increased its stake in shares of SM Energy by 39.2% in 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 acquiring an additional 773,741 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of SM Energy by 451.2% in the second quarter. Renaissance Technologies LLC now owns 737,000 shares of the energy company’s stock worth $12,183,000 after acquiring an additional 603,300 shares during the last quarter. Finally, Oslo Asset Management AS increased its stake in shares of SM Energy by 61.1% in the third quarter. Oslo Asset Management AS now owns 1,461,359 shares of the energy company’s stock worth $25,925,000 after acquiring an additional 554,359 shares during the last quarter. 97.36% of the stock is currently owned by institutional investors and hedge funds.

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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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Analyst Recommendations for SM Energy (NYSE:SM)

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