SM Energy Sees Unusually High Options Volume (SM)

SM Energy (NYSE:SM) was the recipient of unusually large options trading activity on Thursday. Stock investors purchased 3,305 call options on the stock. This is an increase of approximately 1,017% compared to the typical volume of 296 call options.

SM has been the subject of several recent research reports. Stifel Nicolaus set a $44.00 target price on shares of SM Energy and gave the stock a “buy” rating in a report on Monday, January 29th. Royal Bank of Canada reissued a “hold” rating and set a $24.00 target price on shares of SM Energy in a report on Wednesday, January 10th. Citigroup raised shares of SM Energy from a “neutral” rating to a “positive” rating in a report on Tuesday, February 20th. UBS raised shares of SM Energy from a “neutral” rating to a “positive” rating in a report on Tuesday, February 20th. Finally, Bank of America cut their price objective on shares of SM Energy from $31.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, March 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $27.87.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. ING Groep NV grew its position in shares of SM Energy by 23.6% in the fourth quarter. ING Groep NV now owns 15,496 shares of the energy company’s stock valued at $342,000 after purchasing an additional 2,960 shares during the period. American International Group Inc. grew its position in shares of SM Energy by 1.6% in the fourth quarter. American International Group Inc. now owns 212,650 shares of the energy company’s stock valued at $4,695,000 after purchasing an additional 3,249 shares during the period. Legal & General Group Plc grew its position in shares of SM Energy by 2.0% in the third quarter. Legal & General Group Plc now owns 173,828 shares of the energy company’s stock valued at $3,086,000 after purchasing an additional 3,431 shares during the period. Swiss National Bank grew its position in shares of SM Energy by 2.6% in the fourth quarter. Swiss National Bank now owns 171,150 shares of the energy company’s stock valued at $3,779,000 after purchasing an additional 4,400 shares during the period. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in shares of SM Energy in the fourth quarter valued at about $134,000. Institutional investors and hedge funds own 97.36% of the company’s stock.

SM opened at $20.80 on Friday. SM Energy has a fifty-two week low of $12.29 and a fifty-two week high of $28.20. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $2,234.86, a price-to-earnings ratio of -25.37, a PEG ratio of 16.56 and a beta of 2.98.

SM Energy (NYSE:SM) last released its quarterly earnings data on Wednesday, February 21st. The energy company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.07. SM Energy had a negative net margin of 12.43% and a negative return on equity of 2.09%. The company had revenue of $340.53 million during the quarter, compared to analysts’ expectations of $330.83 million. During the same quarter in the previous year, the company earned ($0.31) earnings per share. The firm’s revenue for the quarter was down 10.4% on a year-over-year basis. equities analysts anticipate that SM Energy will post 0.12 EPS for the current year.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Friday, April 27th will be issued a $0.05 dividend. The ex-dividend date is Thursday, April 26th. This represents a yield of 0.61%. SM Energy’s payout ratio is -12.20%.

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SM Energy Company Profile

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. It primarily has operations in the South Texas and Gulf Coast, Rocky Mountain, and Permian regions.

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