Investors Buy High Volume of SM Energy Call Options (NYSE:SM)

SM Energy Co (NYSE:SM) was the target of some unusual options trading on Monday. Stock investors acquired 2,252 call options on the company. This is an increase of 1,544% compared to the average daily volume of 137 call options.

A number of analysts have issued reports on the stock. Seaport Global Securities lowered shares of SM Energy from a “buy” rating to a “neutral” rating in a research note on Thursday, October 10th. Wells Fargo & Co lowered their price objective on shares of SM Energy from $22.00 to $20.00 and set a “market perform” rating for the company in a research note on Tuesday, November 12th. Barclays lowered their price objective on shares of SM Energy from $13.00 to $9.00 and set an “underweight” rating for the company in a research note on Friday, August 30th. KeyCorp dropped their price objective on shares of SM Energy from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 15th. Finally, Williams Capital reaffirmed a “buy” rating and set a $15.00 target price on shares of SM Energy in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $17.06.

SM stock opened at $8.22 on Tuesday. The company’s 50 day moving average price is $8.51 and its 200 day moving average price is $10.18. The firm has a market capitalization of $937.84 million, a price-to-earnings ratio of 274.00 and a beta of 3.01. SM Energy has a fifty-two week low of $6.84 and a fifty-two week high of $21.84. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.63 and a current ratio of 0.63.

SM Energy (NYSE:SM) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. SM Energy had a net margin of 14.67% and a negative return on equity of 2.42%. The company had revenue of $390.30 million during the quarter, compared to the consensus estimate of $387.68 million. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. The firm’s quarterly revenue was down 15.0% on a year-over-year basis. Equities analysts forecast that SM Energy will post -0.51 EPS for the current fiscal year.

The company also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, October 25th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, October 24th. This represents a dividend yield of 1%. SM Energy’s dividend payout ratio (DPR) is currently 333.33%.

Several institutional investors have recently added to or reduced their stakes in the company. SG3 Management LLC acquired a new position in SM Energy in the second quarter valued at approximately $125,000. Jane Street Group LLC purchased a new stake in shares of SM Energy during the 2nd quarter worth approximately $132,000. Panagora Asset Management Inc. boosted its holdings in shares of SM Energy by 27.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 12,798 shares of the energy company’s stock valued at $160,000 after buying an additional 2,730 shares in the last quarter. CIBC Asset Management Inc acquired a new position in shares of SM Energy in the 3rd quarter valued at $133,000. Finally, Point72 Hong Kong Ltd grew its position in shares of SM Energy by 13.8% in the 2nd quarter. Point72 Hong Kong Ltd now owns 13,705 shares of the energy company’s stock valued at $172,000 after buying an additional 1,657 shares during the last quarter. 98.92% of the stock is owned by institutional investors and hedge funds.

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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