Landscape Capital Management L.L.C. Buys Shares of 62,916 SM Energy Company $SM

Landscape Capital Management L.L.C. bought a new position in shares of SM Energy Company (NYSE:SM) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 62,916 shares of the energy company’s stock, valued at approximately $1,642,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. NBC Securities Inc. boosted its stake in shares of SM Energy by 160.5% in the 4th quarter. NBC Securities Inc. now owns 1,347 shares of the energy company’s stock valued at $25,000 after purchasing an additional 830 shares in the last quarter. SBI Securities Co. Ltd. increased its position in SM Energy by 10,461.5% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,373 shares of the energy company’s stock worth $26,000 after purchasing an additional 1,360 shares in the last quarter. Torren Management LLC increased its position in SM Energy by 4,561.1% during the 1st quarter. Torren Management LLC now owns 839 shares of the energy company’s stock worth $26,000 after purchasing an additional 821 shares in the last quarter. Global Retirement Partners LLC lifted its stake in SM Energy by 62.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,386 shares of the energy company’s stock valued at $26,000 after purchasing an additional 535 shares during the last quarter. Finally, Kilter Group LLC bought a new position in SM Energy in the 2nd quarter valued at approximately $28,000. Institutional investors own 94.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Mizuho raised shares of SM Energy to a “strong-buy” rating in a research note on Friday, July 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of SM Energy in a research note on Monday, August 17th. Roth Capital raised SM Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $30.00 to $32.00 in a report on Monday, June 22nd. Truist Financial boosted their price objective on SM Energy from $37.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Finally, Zacks Research lowered SM Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.93.

SM Energy Stock Down 0.8%

Shares of SM opened at $37.34 on Friday. The stock’s 50-day moving average price is $30.18 and its two-hundred day moving average price is $28.80. SM Energy Company has a 12 month low of $17.45 and a 12 month high of $38.25. The company has a market capitalization of $8.88 billion, a PE ratio of 7.35 and a beta of 0.73. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.85.

SM Energy (NYSE:SM) last issued its quarterly earnings results on Wednesday, August 5th. The energy company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.23. SM Energy had a return on equity of 17.93% and a net margin of 18.20%.The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the prior year, the firm posted $1.50 earnings per share. The business’s quarterly revenue was up 215.3% on a year-over-year basis. On average, analysts anticipate that SM Energy Company will post 7.36 EPS for the current year.

SM Energy Company Profile

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.