SM Energy (NYSE:SM) received a $18.00 price target from equities research analysts at Barclays in a research report issued to clients and investors on Friday, TipRanks reports. The firm presently has a “hold” rating on the energy company’s stock. Barclays‘s price objective would suggest a potential upside of 19.21% from the stock’s current price.
Other equities research analysts also recently issued reports about the stock. Wells Fargo & Co reaffirmed a “buy” rating on shares of SM Energy in a report on Friday, April 12th. MKM Partners dropped their price objective on shares of SM Energy to $22.00 and set a “buy” rating on the stock in a report on Friday, February 22nd. Zacks Investment Research raised shares of SM Energy from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 6th. ValuEngine raised shares of SM Energy from a “sell” rating to a “hold” rating in a report on Friday, March 29th. Finally, Susquehanna Bancshares reissued a “neutral” rating and issued a $20.00 price target (down from $21.00) on shares of SM Energy in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $28.88.
NYSE SM traded down $0.78 during trading on Friday, hitting $15.10. 2,137,900 shares of the company’s stock traded hands, compared to its average volume of 2,610,608. The company has a market cap of $1.78 billion, a PE ratio of 503.33 and a beta of 3.03. SM Energy has a 12-month low of $13.15 and a 12-month high of $33.76. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.96.
SM Energy (NYSE:SM) last released its quarterly earnings data on Wednesday, May 1st. The energy company reported ($0.34) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.28) by ($0.06). The business had revenue of $340.90 million for the quarter, compared to analysts’ expectations of $341.25 million. SM Energy had a net margin of 0.82% and a negative return on equity of 1.52%. SM Energy’s revenue for the quarter was down 55.7% compared to the same quarter last year. During the same period last year, the company earned $0.07 earnings per share. As a group, equities research analysts anticipate that SM Energy will post -0.26 EPS for the current year.
In other news, CEO Javan D. Ottoson purchased 5,000 shares of the stock in a transaction dated Tuesday, May 7th. The shares were purchased at an average cost of $14.63 per share, with a total value of $73,150.00. Following the completion of the acquisition, the chief executive officer now owns 182,126 shares in the company, valued at approximately $2,664,503.38. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.00% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Brandywine Global Investment Management LLC increased its position in shares of SM Energy by 5.5% in the fourth quarter. Brandywine Global Investment Management LLC now owns 385,196 shares of the energy company’s stock worth $5,963,000 after purchasing an additional 20,014 shares during the last quarter. Norges Bank bought a new position in shares of SM Energy in the fourth quarter worth approximately $21,558,000. Bell & Brown Wealth Advisors LLC bought a new position in shares of SM Energy in the fourth quarter worth approximately $172,000. Gideon Capital Advisors Inc. bought a new position in shares of SM Energy in the fourth quarter worth approximately $307,000. Finally, Comerica Bank increased its position in shares of SM Energy by 1.2% in the fourth quarter. Comerica Bank now owns 70,889 shares of the energy company’s stock worth $1,395,000 after purchasing an additional 828 shares during the last quarter.
About SM Energy
SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. As of December 31, 2018, the company had 503.4 million barrels of oil equivalent of estimated proved reserves; and working interests in 715 gross productive oil wells and 504 gross productive gas wells primarily in the Permian, South Texas, and Gulf Coast regions in the United States.
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