SM Energy Company (NYSE:SM)‘s stock had its “buy” rating restated by stock analysts at Williams Capital in a report issued on Friday. They currently have a $30.00 target price on the energy company’s stock. Williams Capital’s price target suggests a potential upside of 92.31% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on SM. Scotiabank set a $19.00 price objective on SM Energy and gave the stock a “hold” rating in a report on Saturday, July 1st. Barclays PLC lowered their price objective on SM Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, August 8th. BidaskClub cut SM Energy from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. BMO Capital Markets set a $20.00 price objective on SM Energy and gave the stock a “hold” rating in a report on Saturday, August 5th. Finally, Seaport Global Securities cut SM Energy from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $31.00 to $16.00 in a report on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. SM Energy has an average rating of “Hold” and an average target price of $31.73.

Shares of SM Energy (SM) opened at 15.60 on Friday. The firm’s 50-day moving average price is $14.47 and its 200-day moving average price is $18.63. The stock’s market capitalization is $1.74 billion. SM Energy has a 12 month low of $12.29 and a 12 month high of $43.09.

SM Energy (NYSE:SM) last posted its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.32) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.32). SM Energy had a negative return on equity of 3.11% and a negative net margin of 20.67%. The company had revenue of $284.94 million for the quarter, compared to analysts’ expectations of $299.12 million. During the same period in the previous year, the firm posted ($0.44) EPS. SM Energy’s revenue was down 16.6% compared to the same quarter last year. On average, equities research analysts forecast that SM Energy will post ($1.14) EPS for the current year.

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Several hedge funds have recently added to or reduced their stakes in SM. Capstone Asset Management Co. raised its position in shares of SM Energy by 10.8% during the 1st quarter. Capstone Asset Management Co. now owns 8,546 shares of the energy company’s stock valued at $205,000 after buying an additional 830 shares during the period. Nationwide Fund Advisors raised its position in shares of SM Energy by 2.1% during the 1st quarter. Nationwide Fund Advisors now owns 163,466 shares of the energy company’s stock valued at $3,926,000 after buying an additional 3,438 shares during the period. Waldron LP raised its position in shares of SM Energy by 14.6% during the 1st quarter. Waldron LP now owns 40,737 shares of the energy company’s stock valued at $978,000 after buying an additional 5,185 shares during the period. Russell Investments Group Ltd. raised its position in shares of SM Energy by 35.3% during the 1st quarter. Russell Investments Group Ltd. now owns 8,606 shares of the energy company’s stock valued at $207,000 after buying an additional 2,245 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in shares of SM Energy by 1.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 33,885 shares of the energy company’s stock valued at $814,000 after buying an additional 500 shares during the period. 97.06% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for SM Energy (NYSE:SM)

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