SM Energy (NYSE:SM) received a $32.00 price target from equities research analysts at KeyCorp in a report issued on Sunday, January 21st. The firm presently has a “buy” rating on the energy company’s stock. KeyCorp’s price objective suggests a potential upside of 49.32% from the stock’s previous close. KeyCorp also issued estimates for SM Energy’s Q4 2017 earnings at ($0.14) EPS, FY2017 earnings at ($0.88) EPS, Q1 2018 earnings at $0.09 EPS, Q2 2018 earnings at $0.16 EPS, Q3 2018 earnings at $0.28 EPS, Q4 2018 earnings at $0.42 EPS, FY2018 earnings at $0.95 EPS, Q1 2019 earnings at $0.74 EPS, Q2 2019 earnings at $0.84 EPS, Q3 2019 earnings at $0.96 EPS, Q4 2019 earnings at $1.00 EPS and FY2019 earnings at $3.54 EPS.
Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. upgraded shares of SM Energy from a “neutral” rating to an “overweight” rating and set a $30.00 price objective on the stock in a research report on Monday, October 23rd. Royal Bank of Canada restated a “hold” rating and set a $24.00 price target on shares of SM Energy in a research report on Wednesday, January 10th. Mitsubishi UFJ Financial Group restated a “neutral” rating on shares of SM Energy in a research report on Monday, October 2nd. Williams Capital boosted their price target on shares of SM Energy from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Finally, Barclays boosted their target price on shares of SM Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $27.81.
Shares of SM Energy (NYSE:SM) traded up $0.96 during mid-day trading on Friday, reaching $21.43. 3,444,923 shares of the company’s stock traded hands, compared to its average volume of 3,608,991. The firm has a market cap of $2,404.38, a price-to-earnings ratio of -6.28 and a beta of 2.95. 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 $28.63.
A number of hedge funds have recently bought and sold shares of the business. EnCap Energy Capital Fund IX L.P. acquired a new stake in shares of SM Energy in the fourth quarter worth $180,780,000. Key Group Holdings Cayman LTD. raised its stake in SM Energy by 40.9% during the 2nd quarter. Key Group Holdings Cayman LTD. now owns 5,305,568 shares of the energy company’s stock valued at $87,701,000 after purchasing an additional 1,538,955 shares during the last quarter. State Street Corp raised its stake in SM Energy by 17.7% during the 2nd quarter. State Street Corp now owns 5,195,340 shares of the energy company’s stock valued at $85,878,000 after purchasing an additional 780,106 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in SM Energy by 12.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,747,344 shares of the energy company’s stock valued at $84,220,000 after purchasing an additional 536,076 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in SM Energy by 5.8% during the 4th quarter. Alliancebernstein L.P. now owns 4,608,015 shares of the energy company’s stock valued at $101,745,000 after purchasing an additional 251,867 shares during the last quarter. 97.36% of the stock is owned by institutional investors.
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About SM Energy
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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