SM Energy Co (NYSE:SM)’s stock price was up 5.9% during trading on Friday . The stock traded as high as $9.98 and last traded at $9.90, approximately 4,395,379 shares were traded during mid-day trading. An increase of 49% from the average daily volume of 2,946,380 shares. The stock had previously closed at $9.35.
Several equities research analysts have recently commented on SM shares. Raymond James reduced their target price on shares of SM Energy from $20.00 to $15.00 and set an “outperform” rating on the stock in a research note on Thursday. Capital One Financial upgraded shares of Cimarex Energy from an “equal weight” rating to an “overweight” rating in a research note on Thursday, May 23rd. B. Riley set a $14.00 target price on shares of SM Energy and gave the company a “hold” rating in a research note on Wednesday, June 19th. TheStreet upgraded shares of ZTO Express (Cayman) from a “c+” rating to a “b” rating in a research note on Thursday, May 16th. Finally, Cowen set a $27.00 target price on shares of Schnitzer Steel Industries and gave the company a “hold” rating in a research note on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $25.18.
The stock has a market capitalization of $1.05 billion, a PE ratio of 330.00 and a beta of 2.98. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.41 and a quick ratio of 0.41. The business has a fifty day moving average price of $11.39.
SM Energy (NYSE:SM) last announced its quarterly earnings data on Wednesday, May 1st. The energy company reported ($0.34) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.28) by ($0.06). The firm had revenue of $340.90 million for the quarter, compared to the consensus estimate of $341.25 million. SM Energy had a negative return on equity of 1.52% and a net margin of 0.82%. The business’s revenue for the quarter was down 55.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.07 earnings per share. On average, equities research analysts expect that SM Energy Co will post -0.23 earnings per share for the current year.
In other news, EVP David W. Copeland acquired 10,000 shares of the company’s stock in a transaction on Friday, May 24th. The stock was purchased at an average cost 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 approximately $1,353,030.34. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Javan D. Ottoson acquired 5,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were purchased at an average cost of $14.63 per share, with a total value of $73,150.00. Following the completion of the acquisition, the chief executive officer now directly owns 182,126 shares in the company, valued at approximately $2,664,503.38. The disclosure for this purchase can be found here. Insiders have acquired a total of 17,000 shares of company stock valued at $225,070 over the last three months. Company insiders own 1.00% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of SM Energy by 2.7% in the 4th quarter. BlackRock Inc. now owns 9,335,812 shares of the energy company’s stock valued at $144,520,000 after acquiring an additional 247,649 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of SM Energy by 7.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,716,900 shares of the energy company’s stock valued at $134,938,000 after acquiring an additional 631,315 shares during the last quarter. Millennium Management LLC increased its stake in shares of SM Energy by 37.5% in the 4th quarter. Millennium Management LLC now owns 8,613,431 shares of the energy company’s stock valued at $133,336,000 after acquiring an additional 2,348,170 shares during the last quarter. Macquarie Group Ltd. increased its stake in shares of SM Energy by 2.1% in the 4th quarter. Macquarie Group Ltd. now owns 3,321,122 shares of the energy company’s stock valued at $51,411,000 after acquiring an additional 68,645 shares during the last quarter. Finally, Oslo Asset Management AS increased its stake in shares of SM Energy by 3.2% in the 1st quarter. Oslo Asset Management AS now owns 2,489,343 shares of the energy company’s stock valued at $43,539,000 after acquiring an additional 77,304 shares during the last quarter. 98.88% of the stock is owned by institutional investors.
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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