Williams Capital set a $32.00 target price on SM Energy Company (NYSE:SM) in a report released on Friday. The firm currently has a buy rating on the energy company’s stock.

Other research analysts have also issued research reports about the company. Scotiabank set a $19.00 price target on SM Energy and gave the stock a hold rating in a research note on Saturday, July 1st. Royal Bank Of Canada set a $36.00 price target on SM Energy and gave the stock a hold rating in a research note on Tuesday, April 25th. Bank of America Corporation initiated coverage on SM Energy in a research note on Wednesday, July 19th. They set a neutral rating and a $20.00 price target on the stock. Seaport Global Securities lowered SM Energy from a buy rating to a neutral rating and reduced their price target for the stock from $31.00 to $16.00 in a research note on Wednesday, June 21st. Finally, Credit Suisse Group initiated coverage on SM Energy in a research note on Thursday, June 1st. They set an outperform rating and a $30.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $35.05.

SM Energy (NYSE SM) traded down 5.472% during midday trading on Friday, reaching $14.425. The company’s stock had a trading volume of 3,530,636 shares. The stock’s market capitalization is $1.60 billion. The firm’s 50-day moving average price is $16.57 and its 200-day moving average price is $21.99. SM Energy has a 52 week low of $13.76 and a 52 week high of $43.09.

SM Energy (NYSE:SM) last posted its earnings results on Thursday, August 3rd. The energy company reported ($0.32) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.32). SM Energy had a negative return on equity of 3.11% and a negative net margin of 20.67%. The firm had revenue of $284.94 million for the quarter, compared to analyst estimates of $299.12 million. During the same quarter in the prior year, the company earned ($0.44) EPS. SM Energy’s revenue was down 16.6% on a year-over-year basis. On average, analysts anticipate that SM Energy will post ($1.02) earnings per share for the current year.

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In related news, CEO Javan D. Ottoson purchased 2,000 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was purchased at an average cost of $16.44 per share, for a total transaction of $32,880.00. Following the acquisition, the chief executive officer now owns 143,302 shares in the company, valued at $2,355,884.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Herbert S. Vogel purchased 3,000 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was bought at an average price of $16.60 per share, with a total value of $49,800.00. Following the completion of the acquisition, the executive vice president now owns 32,637 shares in the company, valued at approximately $541,774.20. The disclosure for this purchase can be found here. 0.89% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. Meadow Creek Investment Management LLC increased its stake in shares of SM Energy by 172.9% in the first quarter. Meadow Creek Investment Management LLC now owns 5,632 shares of the energy company’s stock valued at $135,000 after buying an additional 3,568 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of SM Energy during the fourth quarter valued at about $221,000. Credit Agricole S A increased its stake in shares of SM Energy by 13.2% in the first quarter. Credit Agricole S A now owns 7,106 shares of the energy company’s stock valued at $171,000 after buying an additional 831 shares in the last quarter. Neuburgh Advisers LLC increased its stake in shares of SM Energy by 172.9% in the first quarter. Neuburgh Advisers LLC now owns 7,744 shares of the energy company’s stock valued at $186,000 after buying an additional 4,906 shares in the last quarter. Finally, Lee Financial Co increased its stake in shares of SM Energy by 100.0% in the first quarter. Lee Financial Co now owns 8,000 shares of the energy company’s stock valued at $192,000 after buying an additional 4,000 shares in the last quarter. Hedge funds and other institutional investors own 97.34% of the company’s stock.

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.

Analyst Recommendations for SM Energy (NYSE:SM)

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