SM Energy (SM) Shares Gap Up to $16.33
SM Energy Co (NYSE:SM) shares gapped up prior to trading on Thursday . The stock had previously closed at $16.33, but opened at $16.33. SM Energy shares last traded at $16.17, with a volume of 38540 shares.
SM has been the topic of a number of research analyst reports. Seaport Global Securities raised SM Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $29.00 to $34.00 in a report on Monday, December 10th. Capital One Financial cut SM Energy from an “overweight” rating to an “equal weight” rating in a report on Thursday, December 20th. MKM Partners lowered their price target on SM Energy to $22.00 and set a “buy” rating on the stock in a report on Friday, February 22nd. Zacks Investment Research downgraded SM Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, December 31st. Finally, Tudor Pickering downgraded SM Energy from a “buy” rating to a “hold” rating in a research note on Friday, December 14th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. SM Energy presently has a consensus rating of “Buy” and a consensus target price of $30.21.
The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $1.77 billion, a PE ratio of 533.00, a P/E/G ratio of 5.07 and a beta of 3.11.
Hedge funds have recently modified their holdings of the business. Man Group plc acquired a new position in SM Energy during the 3rd quarter valued at about $1,138,000. Highland Capital Management LP lifted its position in shares of SM Energy by 929.6% in the third quarter. Highland Capital Management LP now owns 163,920 shares of the energy company’s stock valued at $5,168,000 after acquiring an additional 148,000 shares in the last quarter. Ffcm LLC purchased a new position in shares of SM Energy in the third quarter valued at approximately $844,000. Vanguard Group Inc lifted its position in shares of SM Energy by 4.1% in the third quarter. Vanguard Group Inc now owns 11,191,722 shares of the energy company’s stock valued at $352,875,000 after acquiring an additional 445,168 shares in the last quarter. Finally, B. Riley Wealth Management Inc. purchased a new position in shares of SM Energy in the third quarter valued at approximately $237,000.
SM Energy Company Profile (NYSE:SM)
SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. It primarily has operations in the Midland Basin and the Eagle Ford shale in Texas. As of December 31, 2017, the company had 468.1 million barrels of oil equivalent of estimated proved reserves; and working interests in 919 net productive oil wells and 489 net productive gas wells.
Featured Story: Strangles
Receive News & Ratings for SM Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SM Energy and related companies with MarketBeat.com's FREE daily email newsletter.