Meeder Asset Management Inc. lifted its stake in shares of SM Energy Co (NYSE:SM) by 2.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 46,839 shares of the energy company’s stock after acquiring an additional 1,149 shares during the period. Meeder Asset Management Inc.’s holdings in SM Energy were worth $586,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Twin Tree Management LP purchased a new position in shares of SM Energy during the 1st quarter worth $36,000. Private Capital Group LLC raised its holdings in SM Energy by 113.3% in the 1st quarter. Private Capital Group LLC now owns 2,536 shares of the energy company’s stock valued at $44,000 after buying an additional 1,347 shares during the period. CWM Advisors LLC purchased a new stake in SM Energy in the 2nd quarter valued at about $179,000. Dupont Capital Management Corp raised its holdings in SM Energy by 29.5% in the 2nd quarter. Dupont Capital Management Corp now owns 15,349 shares of the energy company’s stock valued at $192,000 after buying an additional 3,500 shares during the period. Finally, Quantamental Technologies LLC purchased a new stake in SM Energy in the 1st quarter valued at about $199,000.
Several brokerages recently issued reports on SM. Bank of America restated an “underperform” rating and issued a $14.00 price objective (down from $17.00) on shares of SM Energy in a report on Friday, August 2nd. Raymond James reduced their price objective on shares of SM Energy from $20.00 to $15.00 and set an “outperform” rating on the stock in a report on Thursday, July 18th. Wells Fargo & Co lowered shares of SM Energy from an “outperform” rating to a “market perform” rating and set a $23.00 price objective on the stock. in a report on Monday, July 8th. ValuEngine upgraded shares of SM Energy from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Capital One Financial upgraded shares of SM Energy from an “equal weight” rating to an “overweight” rating in a report on Thursday, May 23rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $20.25.
NYSE SM opened at $9.64 on Friday. The company has a market cap of $1.16 billion, a P/E ratio of 321.33 and a beta of 2.97. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a 50-day moving average of $10.12 and a two-hundred day moving average of $14.10. SM Energy Co has a 1-year low of $8.51 and a 1-year high of $33.76.
SM Energy (NYSE:SM) last released its earnings results on Thursday, August 1st. The energy company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.13. The company had revenue of $407.17 million during the quarter, compared to the consensus estimate of $407.53 million. SM Energy had a negative return on equity of 2.07% and a net margin of 2.91%. During the same period in the previous year, the company posted $0.15 EPS. On average, analysts anticipate that SM Energy Co will post -0.36 EPS for the current fiscal year.
About SM Energy
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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