SM Energy (NYSE:SM) Director Ramiro Peru Sells 24,553 Shares of Stock

SM Energy Company (NYSE:SM) Director Ramiro Peru sold 24,553 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $33.98, for a total transaction of $834,310.94. Following the completion of the sale, the director directly owned 65,964 shares of the company’s stock, valued at $2,241,456.72. This represents a 27.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

SM Energy Price Performance

Shares of SM Energy stock opened at $33.80 on Friday. The firm has a fifty day simple moving average of $29.89 and a 200-day simple moving average of $23.43. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.98. SM Energy Company has a 1-year low of $17.45 and a 1-year high of $35.88. The stock has a market capitalization of $8.10 billion, a price-to-earnings ratio of 14.20 and a beta of 0.73.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.42. SM Energy had a net margin of 3.45% and a return on equity of 13.93%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the company earned $1.76 earnings per share. SM Energy’s revenue for the quarter was up 75.0% on a year-over-year basis. On average, sell-side analysts expect that SM Energy Company will post 7.47 earnings per share for the current year.

Institutional Investors Weigh In On SM Energy

Large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in SM Energy by 79.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,995,353 shares of the energy company’s stock worth $311,678,000 after acquiring an additional 4,426,751 shares during the last quarter. Millennium Management LLC lifted its position in SM Energy by 205.1% during the 4th quarter. Millennium Management LLC now owns 2,835,718 shares of the energy company’s stock valued at $53,028,000 after purchasing an additional 1,906,255 shares during the period. Alyeska Investment Group L.P. lifted its position in SM Energy by 268.3% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,271,757 shares of the energy company’s stock valued at $42,482,000 after purchasing an additional 1,654,891 shares during the period. Woodline Partners LP lifted its position in SM Energy by 198.9% during the 3rd quarter. Woodline Partners LP now owns 2,429,518 shares of the energy company’s stock valued at $60,665,000 after purchasing an additional 1,616,822 shares during the period. Finally, Sagefield Capital LP acquired a new position in SM Energy during the 4th quarter valued at about $20,275,000. Institutional investors own 94.56% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on SM shares. TD Cowen cut their target price on shares of SM Energy from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. Wall Street Zen upgraded shares of SM Energy from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. National Bank Financial set a $30.00 target price on shares of SM Energy in a research note on Tuesday, March 17th. Truist Financial upped their target price on shares of SM Energy from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Roth Mkm reiterated a “neutral” rating and set a $33.00 target price (up from $24.00) on shares of SM Energy in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, SM Energy currently has a consensus rating of “Moderate Buy” and an average price target of $36.79.

About SM Energy

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.