Shares of SM Energy Co (NYSE:SM) were up 6.1% during trading on Wednesday . The company traded as high as $16.74 and last traded at $16.46. Approximately 2,492,780 shares traded hands during mid-day trading, a decline of 10% from the average daily volume of 2,767,531 shares. The stock had previously closed at $15.52.
A number of analysts have commented on SM shares. MKM Partners started coverage on shares of SM Energy in a research note on Wednesday, December 5th. They issued a “buy” rating and a $31.00 price target for the company. JPMorgan Chase & Co. set a $25.00 price target on shares of SM Energy and gave the company a “buy” rating in a research note on Friday, December 7th. Seaport Global Securities upgraded shares of SM Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $29.00 to $34.00 in a research note on Monday, December 10th. Williams Capital reiterated a “buy” rating and issued a $36.00 price target on shares of SM Energy in a research note on Wednesday, December 12th. Finally, Tudor Pickering cut shares of SM Energy from a “buy” rating to a “hold” rating in a research note on Friday, December 14th. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $30.21.
The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $1.74 billion, a PE ratio of 548.67, a PEG ratio of 10.07 and a beta of 3.11.
SM Energy (NYSE:SM) last posted its earnings results on Wednesday, February 20th. The energy company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.07). The company had revenue of $394.20 million for the quarter, compared to analyst estimates of $373.95 million. SM Energy had a return on equity of 0.15% and a net margin of 24.60%. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.08) EPS. On average, equities research analysts forecast that SM Energy Co will post -0.09 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of SM. Oregon Public Employees Retirement Fund increased its position in SM Energy by 1,476.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 632,250 shares of the energy company’s stock worth $41,000 after acquiring an additional 592,145 shares during the period. Bessemer Group Inc. bought a new position in SM Energy during the fourth quarter worth about $75,000. Nisa Investment Advisors LLC bought a new position in SM Energy during the fourth quarter worth about $79,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in SM Energy by 19.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,796 shares of the energy company’s stock worth $121,000 after acquiring an additional 1,248 shares during the period. Finally, Dupont Capital Management Corp bought a new position in SM Energy during the fourth quarter worth about $135,000.
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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. It primarily has operations in the Midland Basin and the Eagle Ford shale in Texas. As of December 31, 2017, the company had 468.1 million barrels of oil equivalent of estimated proved reserves; and working interests in 919 net productive oil wells and 489 net productive gas wells.
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