SM Energy Company (NYSE:SM) has been given a $21.00 price objective by BMO Capital Markets in a research note issued on Tuesday. The firm presently has a “hold” rating on the energy company’s stock. BMO Capital Markets’ price target suggests a potential upside of 17.45% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Williams Capital set a $32.00 price target on shares of SM Energy and gave the stock a “buy” rating in a research report on Friday, August 4th. Royal Bank Of Canada set a $20.00 price target on shares of SM Energy and gave the stock a “hold” rating in a research report on Thursday, August 24th. Scotiabank set a $19.00 price target on shares of SM Energy and gave the stock a “hold” rating in a research report on Saturday, July 1st. Mitsubishi UFJ Financial Group reaffirmed a “neutral” rating on shares of SM Energy in a report on Monday, October 2nd. Finally, Bank of America Corporation initiated coverage on shares of SM Energy in a report on Wednesday, July 19th. They issued a “neutral” rating and a $20.00 target price on the stock. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. SM Energy currently has an average rating of “Hold” and an average price target of $29.92.
SM Energy (SM) opened at 17.88 on Tuesday. SM Energy has a 12-month low of $12.29 and a 12-month high of $43.09. The firm’s 50-day moving average price is $15.67 and its 200 day moving average price is $17.94. The company’s market capitalization is $2.00 billion.
SM Energy (NYSE:SM) last issued its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.32) EPS for the quarter, hitting the consensus estimate of ($0.32). SM Energy had a negative net margin of 20.67% and a negative return on equity of 3.11%. The firm had revenue of $284.94 million for the quarter, compared to analysts’ expectations of $299.12 million. During the same period in the previous year, the firm posted ($0.44) EPS. The company’s revenue for the quarter was down 16.6% on a year-over-year basis. On average, equities research analysts expect that SM Energy will post ($1.12) EPS for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. raised its holdings in SM Energy by 12.1% in the 2nd quarter. Pacer Advisors Inc. now owns 9,878 shares of the energy company’s stock valued at $163,000 after acquiring an additional 1,064 shares during the period. Tocqueville Asset Management L.P. bought a new position in SM Energy in the 2nd quarter valued at about $165,000. Credit Agricole S A raised its holdings in SM Energy by 13.2% in the 1st quarter. Credit Agricole S A now owns 7,106 shares of the energy company’s stock valued at $171,000 after acquiring an additional 831 shares during the period. B & T Capital Management DBA Alpha Capital Management raised its holdings in SM Energy by 3.2% in the 2nd quarter. B & T Capital Management DBA Alpha Capital Management now owns 10,959 shares of the energy company’s stock valued at $181,000 after acquiring an additional 335 shares during the period. Finally, ING Groep NV bought a new position in SM Energy in the 2nd quarter valued at about $197,000. 97.05% of the stock is currently owned by hedge funds and other 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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