Ramiro Peru Sells 24,553 Shares of SM Energy (NYSE:SM) Stock

SM Energy Company (NYSE:SM) Director Ramiro Peru sold 24,553 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $33.98, for a total value of $834,310.94. Following the transaction, the director owned 65,964 shares of the company’s stock, valued at $2,241,456.72. This trade represents a 27.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

SM Energy Trading Up 1.7%

Shares of SM stock opened at $33.80 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.39 and a current ratio of 0.39. SM Energy Company has a 1 year low of $17.45 and a 1 year high of $35.88. The stock has a fifty day moving average of $29.89 and a two-hundred day moving average of $23.43. The firm has a market capitalization of $8.10 billion, a PE ratio of 14.20 and a beta of 0.73.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.42. SM Energy had a return on equity of 13.93% and a net margin of 3.45%.The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the firm posted $1.76 EPS. The firm’s quarterly revenue was up 75.0% on a year-over-year basis. As a group, research analysts expect that SM Energy Company will post 7.47 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Weiss Ratings upgraded SM Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday. Siebert Williams Shank raised SM Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $30.00 to $41.00 in a research note on Thursday, May 14th. JPMorgan Chase & Co. raised SM Energy from a “neutral” rating to an “overweight” rating and set a $40.00 price objective on the stock in a research note on Friday, March 20th. Wall Street Zen raised SM Energy from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Susquehanna boosted their price objective on SM Energy from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.79.

Institutional Trading of SM Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Segall Bryant & Hamill LLC raised its stake in shares of SM Energy by 57.8% in the 1st quarter. Segall Bryant & Hamill LLC now owns 223,193 shares of the energy company’s stock worth $6,959,000 after buying an additional 81,754 shares in the last quarter. Cim Investment Management Inc. acquired a new stake in shares of SM Energy during the first quarter worth $223,000. Edgestream Partners L.P. acquired a new stake in shares of SM Energy during the first quarter worth $3,522,000. Janus Henderson Group PLC raised its position in shares of SM Energy by 174.3% during the first quarter. Janus Henderson Group PLC now owns 124,445 shares of the energy company’s stock worth $3,882,000 after purchasing an additional 79,083 shares during the period. Finally, South Dakota Investment Council acquired a new stake in shares of SM Energy during the first quarter worth $3,422,000. Institutional investors own 94.56% of the company’s stock.

About SM Energy

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.