Other research analysts have also issued reports about the company. Robert W. Baird set a $35.00 price objective on SM Energy and gave the company a buy rating in a research report on Wednesday, January 10th. Williams Capital restated a buy rating and issued a $39.00 price target on shares of SM Energy in a research report on Wednesday, January 10th. Zacks Investment Research upgraded SM Energy from a hold rating to a buy rating and set a $23.00 price target on the stock in a research report on Thursday, November 9th. Deutsche Bank assumed coverage on SM Energy in a research report on Thursday, February 1st. They issued a buy rating and a $32.00 price target on the stock. Finally, Stifel Nicolaus set a $44.00 price target on SM Energy and gave the stock a buy rating in a research report on Monday, January 29th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. SM Energy has a consensus rating of Buy and an average target price of $27.69.
Shares of SM Energy (SM) traded down $0.38 on Tuesday, reaching $17.90. The company’s stock had a trading volume of 3,078,998 shares, compared to its average volume of 3,450,000. The company has a market cap of $2,000.00, a price-to-earnings ratio of -8.91, a price-to-earnings-growth ratio of 68.70 and a beta of 3.02. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.98 and a quick ratio of 0.98. SM Energy has a 52-week low of $12.29 and a 52-week high of $28.20.
A number of institutional investors have recently modified their holdings of SM. EnCap Energy Capital Fund IX L.P. acquired a new stake in SM Energy during the 4th quarter worth $180,780,000. Millennium Management LLC raised its stake in SM Energy by 16.9% during the 4th quarter. Millennium Management LLC now owns 6,853,962 shares of the energy company’s stock worth $151,335,000 after buying an additional 988,583 shares during the period. Mackenzie Financial Corp raised its stake in SM Energy by 141.0% during the 4th quarter. Mackenzie Financial Corp now owns 1,674,685 shares of the energy company’s stock worth $36,977,000 after buying an additional 979,685 shares during the period. State Street Corp raised its stake in SM Energy by 17.7% during the 2nd quarter. State Street Corp now owns 5,195,340 shares of the energy company’s stock worth $85,878,000 after buying an additional 780,106 shares during the period. Finally, Frontier Capital Management Co. LLC raised its stake in SM Energy by 39.2% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 2,746,616 shares of the energy company’s stock worth $48,725,000 after buying an additional 773,741 shares during the period. 97.36% of the stock is currently owned by institutional investors and hedge funds.
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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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