SM Energy’s (SM) Hold Rating Reaffirmed at Scotiabank
SM Energy Company (NYSE:SM)‘s stock had its “hold” rating restated by Scotiabank in a note issued to investors on Wednesday. They currently have a $20.00 price objective on the energy company’s stock. Scotiabank’s target price would suggest a potential downside of 0.25% from the stock’s previous close.
Several other analysts also recently weighed in on SM. BidaskClub downgraded SM Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. J P Morgan Chase & Co upgraded shares of SM Energy from a “neutral” rating to an “overweight” rating and set a $30.00 target price for the company in a report on Monday, October 23rd. KeyCorp reiterated a “buy” rating and issued a $26.00 target price on shares of SM Energy in a research report on Friday, October 20th. BMO Capital Markets set a $20.00 price objective on SM Energy and gave the stock a “hold” rating in a research report on Saturday, August 5th. Finally, Mitsubishi UFJ Financial Group restated a “neutral” rating on shares of SM Energy in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $27.67.
Shares of SM Energy (SM) opened at $20.05 on Wednesday. SM Energy has a 1 year low of $12.29 and a 1 year high of $42.45. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.20.
SM Energy (NYSE:SM) last issued its quarterly earnings data on Thursday, November 2nd. The energy company reported ($0.25) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.32) by $0.07. SM Energy had a negative net margin of 25.17% and a negative return on equity of 2.88%. The firm had revenue of $295.40 million for the quarter, compared to analysts’ expectations of $300.80 million. During the same quarter in the prior year, the business earned ($0.37) EPS. The business’s quarterly revenue was down 16.2% on a year-over-year basis. equities analysts expect that SM Energy will post -1.01 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in SM. Morgan Stanley raised its holdings in shares of SM Energy by 153.1% in the first quarter. Morgan Stanley now owns 402,816 shares of the energy company’s stock worth $9,675,000 after acquiring an additional 243,667 shares during the last quarter. Renaissance Technologies LLC acquired a new position in SM Energy in the first quarter valued at $3,211,000. Schwab Charles Investment Management Inc. increased its stake in SM Energy by 17.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 336,037 shares of the energy company’s stock valued at $8,072,000 after purchasing an additional 50,155 shares during the last quarter. AQR Capital Management LLC increased its stake in SM Energy by 4.2% in the first quarter. AQR Capital Management LLC now owns 81,524 shares of the energy company’s stock valued at $1,958,000 after purchasing an additional 3,269 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. increased its stake in SM Energy by 36.5% in the second quarter. NN Investment Partners Holdings N.V. now owns 35,945 shares of the energy company’s stock valued at $594,000 after purchasing an additional 9,620 shares during the last quarter. 98.04% of the stock is owned by institutional investors.
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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