Brokerages Set SM Energy Company (SM) Price Target at $31.14
Shares of SM Energy Company (NYSE:SM) have been given an average recommendation of “Hold” by the eighteen analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $31.14.
SM has been the topic of several research analyst reports. Credit Suisse Group initiated coverage on SM Energy in a research note on Thursday, June 1st. They issued an “outperform” rating and a $30.00 price objective on the stock. Williams Capital set a $40.00 target price on SM Energy and gave the stock a “buy” rating in a report on Tuesday, June 6th. Seaport Global Securities lowered 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. Scotiabank set a $19.00 target price on SM Energy and gave the stock a “hold” rating in a report on Saturday, July 1st. Finally, Bank of America Corporation began coverage on SM Energy in a report on Wednesday, July 19th. They set a “neutral” rating and a $20.00 target price for the company.
SM Energy (NYSE SM) traded up 0.42% on Friday, hitting $16.61. The stock had a trading volume of 2,259,787 shares. SM Energy has a 1-year low of $12.29 and a 1-year high of $43.09. The stock’s 50-day moving average is $14.37 and its 200 day moving average is $18.41. The firm’s market capitalization is $1.85 billion. SM Energy also saw unusually large options trading on Wednesday. Investors purchased 14,897 put options on the stock. This is an increase of approximately 676% compared to the average volume of 1,919 put options.
SM Energy (NYSE:SM) last announced its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.32) earnings per share (EPS) for the quarter, hitting the 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 quarter in the prior year, the firm earned ($0.44) earnings per share. SM Energy’s revenue was down 16.6% compared to the same quarter last year. On average, equities research analysts predict that SM Energy will post ($1.14) earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of SM. Capstone Asset Management Co. lifted its holdings 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 purchasing an additional 830 shares during the last quarter. Nationwide Fund Advisors lifted its holdings 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 purchasing an additional 3,438 shares during the last quarter. Waldron LP lifted its holdings 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 purchasing an additional 5,185 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings 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 purchasing an additional 2,245 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings 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 purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 97.03% of the company’s stock.
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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.
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