SM Energy (NYSE:SM) Earns Overweight Rating from KeyCorp

KeyCorp restated their overweight rating on shares of SM Energy (NYSE:SM) in a research note released on Wednesday, January 10th. They currently have a $31.00 price target on the energy company’s stock, up from their previous price target of $26.00. KeyCorp also issued estimates for SM Energy’s Q4 2017 earnings at ($0.13) EPS, FY2017 earnings at ($0.87) EPS, Q1 2018 earnings at $0.11 EPS, Q2 2018 earnings at $0.15 EPS, Q3 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.36 EPS, FY2018 earnings at $0.86 EPS, Q1 2019 earnings at $0.60 EPS, Q2 2019 earnings at $0.68 EPS, Q3 2019 earnings at $0.78 EPS, Q4 2019 earnings at $0.81 EPS and FY2019 earnings at $2.87 EPS.

Other research analysts also recently issued research reports about the stock. Robert W. Baird upped their price objective on shares of SM Energy from $26.00 to $27.00 and gave the company an outperform rating in a research note on Monday, December 18th. BMO Capital Markets set a $21.00 target price on shares of SM Energy and gave the company a hold rating in a report on Tuesday, October 10th. Williams Capital reissued a buy rating and set a $30.00 target price on shares of SM Energy in a report on Friday, September 15th. Barclays boosted their target price on shares of SM Energy from $21.00 to $23.00 and gave the company an overweight rating in a report on Monday, November 20th. Finally, Scotiabank reissued a hold rating and set a $20.00 target price on shares of SM Energy in a report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $27.81.

SM Energy (NYSE:SM) traded up $0.52 during trading hours on Wednesday, reaching $22.79. 869,801 shares of the company were exchanged, compared to its average volume of 3,527,312. The stock has a market cap of $2,572.93, a price-to-earnings ratio of -6.65 and a beta of 2.95. SM Energy has a 1 year low of $12.29 and a 1 year high of $29.30. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 1.20.

Several institutional investors have recently added to or reduced their stakes in SM. Crossmark Global Holdings Inc. purchased a new position in SM Energy in the 4th quarter valued at $232,000. Aperio Group LLC boosted its stake in SM Energy by 16.9% during the fourth quarter. Aperio Group LLC now owns 49,624 shares of the energy company’s stock valued at $1,096,000 after buying an additional 7,160 shares in the last quarter. Cypress Capital Management LLC WY boosted its stake in SM Energy by 111.5% during the fourth quarter. Cypress Capital Management LLC WY now owns 23,260 shares of the energy company’s stock valued at $514,000 after buying an additional 12,260 shares in the last quarter. Chicago Equity Partners LLC bought a new position in SM Energy during the fourth quarter valued at about $584,000. Finally, Perkins Capital Management Inc. bought a new position in SM Energy during the fourth quarter valued at about $280,000. 97.36% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for SM Energy (NYSE:SM)

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