SM Energy Co (NYSE:SM) shares gapped down prior to trading on Thursday . The stock had previously closed at $8.35, but opened at $9.04. SM Energy shares last traded at $9.26, with a volume of 70,996 shares changing hands.
A number of research firms have issued reports on SM. Barclays lowered SM Energy from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $18.00 to $13.00 in a report on Monday, July 1st. B. Riley set a $14.00 target price on SM Energy and gave the company a “hold” rating in a report on Wednesday, June 19th. Jefferies Financial Group began coverage on SM Energy in a report on Monday, July 29th. They issued a “hold” rating and a $10.00 target price on the stock. ValuEngine raised SM Energy from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, TheStreet lowered SM Energy from a “c” rating to a “d+” rating in a report on Thursday, May 16th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $21.83.
The company has a market cap of $1.12 billion, a price-to-earnings ratio of 304.67 and a beta of 2.97. The company has a fifty day moving average price of $10.42 and a two-hundred day moving average price of $14.33. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.97.
SM Energy (NYSE:SM) last announced its quarterly earnings data on Thursday, August 1st. The energy company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.13. SM Energy had a negative return on equity of 2.07% and a net margin of 2.91%. The company had revenue of $407.17 million for the quarter, compared to analyst estimates of $407.53 million. During the same quarter last year, the firm earned $0.15 EPS. Sell-side analysts anticipate that SM Energy Co will post -0.37 EPS for the current fiscal year.
In other news, EVP David W. Copeland acquired 10,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were bought at an average price of $12.71 per share, with a total value of $127,100.00. Following the acquisition, the executive vice president now owns 106,454 shares of the company’s stock, valued at $1,353,030.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in shares of SM Energy by 31.0% during the 2nd quarter. BlackRock Inc. now owns 12,334,776 shares of the energy company’s stock worth $154,433,000 after buying an additional 2,921,362 shares during the period. Vanguard Group Inc. lifted its position in shares of SM Energy by 5.6% during the 2nd quarter. Vanguard Group Inc. now owns 10,926,493 shares of the energy company’s stock worth $136,799,000 after buying an additional 582,176 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of SM Energy by 7.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,716,900 shares of the energy company’s stock worth $134,938,000 after buying an additional 631,315 shares during the period. Oslo Asset Management AS lifted its position in shares of SM Energy by 18.8% during the 2nd quarter. Oslo Asset Management AS now owns 2,956,528 shares of the energy company’s stock worth $37,016,000 after buying an additional 467,185 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its position in shares of SM Energy by 31.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,453,732 shares of the energy company’s stock worth $18,201,000 after buying an additional 351,396 shares during the period. Institutional investors and hedge funds own 98.97% of the company’s stock.
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. As of December 31, 2018, the company had 503.4 million barrels of oil equivalent of estimated proved reserves; and working interests in 715 gross productive oil wells and 504 gross productive gas wells primarily in the Permian, South Texas, and Gulf Coast regions in the United States.
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