Research analysts at Credit Suisse Group started coverage on shares of SM Energy (NYSE:SM) in a research note issued on Monday, December 11th, MarketBeat.com reports. The firm set an “outperform” rating and a $27.00 price target on the energy company’s stock. Credit Suisse Group’s price objective would suggest a potential upside of 23.51% from the company’s previous close.
Several other equities research analysts have also recently weighed in on SM. Royal Bank of Canada set a $20.00 price target on SM Energy and gave the company a “hold” rating in a research report on Thursday, August 24th. Williams Capital reiterated a “buy” rating and set a $30.00 price target on shares of SM Energy in a research report on Friday, September 15th. Mitsubishi UFJ Financial Group reiterated a “neutral” rating on shares of SM Energy in a research report on Monday, October 2nd. BMO Capital Markets set a $21.00 price target on SM Energy and gave the company a “hold” rating in a research report on Tuesday, October 10th. Finally, Barclays upped their price target on SM Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $25.87.
Shares of SM Energy (NYSE:SM) traded down $0.08 on Monday, hitting $21.86. The stock had a trading volume of 3,046,851 shares, compared to its average volume of 3,563,811. SM Energy has a 12-month low of $12.29 and a 12-month high of $36.77. The company has a market capitalization of $2,449.03, a PE ratio of -6.41 and a beta of 3.02. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.53 and a current ratio of 1.53.
Hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. boosted its stake in SM Energy by 12.1% in the second quarter. Pacer Advisors Inc. now owns 9,878 shares of the energy company’s stock worth $163,000 after buying an additional 1,064 shares in the last quarter. Tocqueville Asset Management L.P. purchased a new stake in SM Energy in the second quarter worth approximately $165,000. Russell Investments Group Ltd. boosted its stake in SM Energy by 43.7% in the second quarter. Russell Investments Group Ltd. now owns 12,368 shares of the energy company’s stock worth $205,000 after buying an additional 3,762 shares in the last quarter. Nisa Investment Advisors LLC purchased a new stake in SM Energy in the second quarter worth approximately $226,000. Finally, Van ECK Associates Corp boosted its stake in SM Energy by 20.9% in the second quarter. Van ECK Associates Corp now owns 14,298 shares of the energy company’s stock worth $236,000 after buying an additional 2,467 shares in the last quarter. Institutional investors own 97.36% of the company’s stock.
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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.
