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.

SM Energy (NYSE:SM) last released its earnings results on Wednesday, February 20th. The energy company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.07). The company had revenue of $394.20 million for the quarter, compared to the consensus estimate of $373.95 million. SM Energy had a net margin of 24.60% and a return on equity of 0.15%. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.08) EPS. Equities analysts predict that SM Energy Co will post 0.14 earnings per share for the current year.

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.

WARNING: “SM Energy (SM) Shares Gap Up to $16.33” was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this article on another domain, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this article can be accessed at https://www.dailypolitical.com/2019/03/14/sm-energy-sm-shares-gap-up-to-16-33.html.

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.