Robert W. Baird set a $35.00 price target on SM Energy (NYSE:SM) in a research report released on Wednesday, January 10th. The brokerage currently has a buy rating on the energy company’s stock.
SM has been the topic of several other reports. BMO Capital Markets set a $21.00 price target on shares of SM Energy and gave the company a hold rating in a report on Tuesday, October 10th. KeyCorp reaffirmed an overweight rating and issued a $31.00 price target (up from $26.00) on shares of SM Energy in a report on Wednesday, January 10th. Mitsubishi UFJ Financial Group reissued a neutral rating on shares of SM Energy in a research note on Monday, October 2nd. Williams Capital reissued a buy rating and set a $30.00 target price on shares of SM Energy in a research note on Friday, September 15th. Finally, Barclays increased their target price on shares of SM Energy from $20.00 to $21.00 and gave the stock an overweight rating in a research note on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $27.27.
SM Energy (SM) traded down $0.85 during midday trading on Wednesday, hitting $23.05. The company had a trading volume of 2,815,049 shares, compared to its average volume of 3,460,000. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.53 and a current ratio of 1.53. SM Energy has a 52-week low of $12.29 and a 52-week high of $30.78. The firm has a market cap of $2,570.00, a P/E ratio of -6.78 and a beta of 2.94.
Several hedge funds and other institutional investors have recently made changes to their positions in SM. State of Alaska Department of Revenue purchased a new position in shares of SM Energy during the 4th quarter worth approximately $143,000. Pacer Advisors Inc. boosted its position in shares of SM Energy by 12.1% during the 2nd quarter. Pacer Advisors Inc. now owns 9,878 shares of the energy company’s stock worth $163,000 after purchasing an additional 1,064 shares during the period. Russell Investments Group Ltd. boosted its position in shares of SM Energy by 43.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 12,368 shares of the energy company’s stock worth $205,000 after purchasing an additional 3,762 shares during the period. Van ECK Associates Corp boosted its position in shares of SM Energy by 20.9% during the 2nd quarter. Van ECK Associates Corp now owns 14,298 shares of the energy company’s stock worth $236,000 after purchasing an additional 2,467 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of SM Energy during the 3rd quarter worth approximately $261,000. Institutional investors and hedge funds own 97.36% of the company’s stock.
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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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