Williams Capital set a $32.00 price objective on SM Energy Company (NYSE:SM) in a research report sent to investors on Friday, August 4th. The brokerage currently has a buy rating on the energy company’s stock.
Several other brokerages have also issued reports on SM. 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 research report on Wednesday, June 21st. Scotiabank lowered SM Energy from an outperform rating to a sector perform rating and set a $24.00 target price on the stock. in a research report on Tuesday, May 16th. Zacks Investment Research lowered SM Energy from a hold rating to a sell rating in a research report on Thursday, July 27th. Royal Bank Of Canada set a $36.00 target price on SM Energy and gave the stock a hold rating in a research report on Tuesday, April 25th. Finally, Barclays PLC reaffirmed an overweight rating and set a $30.00 target price (down from $38.00) on shares of SM Energy in a research report on Saturday, April 22nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $33.29.
SM Energy (SM) traded down 4.75% on Friday, hitting $13.63. 1,586,950 shares of the stock traded hands. SM Energy has a 12-month low of $13.63 and a 12-month high of $43.09. The stock has a 50-day moving average of $16.27 and a 200-day moving average of $20.79. The firm’s market cap is $1.52 billion.
SM Energy (NYSE:SM) last issued its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.32) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ 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 firm had revenue of $284.94 million for the quarter, compared to analyst estimates of $299.12 million. During the same period in the previous year, the firm earned ($0.44) earnings per share. The company’s revenue was down 16.6% compared to the same quarter last year. Analysts forecast that SM Energy will post ($1.09) earnings per share for the current year.
In other news, CEO Javan D. Ottoson acquired 2,000 shares of SM Energy stock in a transaction dated Thursday, June 8th. The shares were purchased at an average cost of $16.44 per share, for a total transaction of $32,880.00. Following the transaction, the chief executive officer now owns 143,302 shares of the company’s stock, valued at $2,355,884.88. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Herbert S. Vogel acquired 3,000 shares of SM Energy stock in a transaction dated Thursday, June 8th. The shares were purchased at an average price of $16.60 per share, for a total transaction of $49,800.00. Following the completion of the transaction, the executive vice president now directly owns 32,637 shares in the company, valued at approximately $541,774.20. The disclosure for this purchase can be found here. Company insiders own 0.89% of the company’s stock.
A number of institutional investors have recently bought and sold shares of SM. Russell Investments Group Ltd. bought a new position in SM Energy during the fourth quarter valued at about $221,000. Teachers Advisors LLC raised its position in SM Energy by 19.7% in the fourth quarter. Teachers Advisors LLC now owns 181,994 shares of the energy company’s stock valued at $6,275,000 after buying an additional 30,015 shares during the last quarter. Peregrine Capital Management LLC acquired a new stake in shares of SM Energy during the first quarter worth $5,454,000. Capstone Asset Management Co. raised its stake in shares of SM Energy by 10.8% in the first quarter. Capstone Asset Management Co. now owns 8,546 shares of the energy company’s stock worth $205,000 after buying an additional 830 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in shares of SM Energy by 3.8% in the first quarter. Louisiana State Employees Retirement System now owns 24,700 shares of the energy company’s stock worth $593,000 after buying an additional 900 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.
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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