SM Energy (NYSE:SM)‘s stock had its “neutral” rating restated by analysts at Susquehanna Bancshares in a report released on Wednesday, BenzingaRatingsTable reports.
Several other equities analysts have also commented on SM. ValuEngine raised shares of SM Energy from a “sell” rating to a “hold” rating in a report on Friday, March 29th. Zacks Investment Research lowered shares of SM Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, December 31st. Macquarie lowered shares of SM Energy from an “outperform” rating to a “neutral” rating and set a $16.00 target price for the company. in a research note on Friday, February 22nd. Barclays initiated coverage on shares of SM Energy in a research note on Wednesday, January 16th. They issued an “overweight” rating and a $27.00 target price for the company. Finally, Capital One Financial lowered shares of SM Energy from an “overweight” rating to an “equal weight” rating in a research note on Thursday, December 20th. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $29.56.
NYSE SM opened at $17.91 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.89. The stock has a market cap of $1.99 billion, a PE ratio of 597.00 and a beta of 3.12. SM Energy has a 52-week low of $13.15 and a 52-week high of $33.76.
SM Energy (NYSE:SM) last issued its quarterly earnings data on Wednesday, February 20th. The energy company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.07). SM Energy had a return on equity of 0.15% and a net margin of 24.60%. The business had revenue of $394.20 million during the quarter, compared to analyst estimates of $373.95 million. During the same quarter last year, the firm earned ($0.08) EPS. SM Energy’s revenue for the quarter was up 15.8% compared to the same quarter last year. As a group, equities research analysts expect that SM Energy will post -0.12 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bessemer Group Inc. bought a new position in shares of SM Energy during the 4th quarter worth $75,000. Nisa Investment Advisors LLC purchased a new stake in SM Energy in the fourth quarter valued at about $79,000. LPL Financial LLC purchased a new stake in SM Energy in the third quarter valued at about $232,000. B. Riley Wealth Management Inc. purchased a new stake in SM Energy in the third quarter valued at about $237,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in SM Energy by 19.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,796 shares of the energy company’s stock valued at $121,000 after buying an additional 1,248 shares during the last quarter.
About SM Energy
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. As of December 31, 2018, the company had 503.4 million barrels of oil equivalent of estimated proved reserves; and working interests in 715 gross productive oil wells and 504 gross productive gas wells primarily in the Permian, South Texas, and Gulf Coast regions in the United States.
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