SM Energy Co (NYSE:SM) rose 5.9% during trading on Friday . The stock traded as high as $9.98 and last traded at $9.90, approximately 4,395,379 shares traded hands during mid-day trading. An increase of 49% from the average daily volume of 2,946,380 shares. The stock had previously closed at $9.35.
SM has been the subject of several recent analyst reports. TheStreet raised ZTO Express (Cayman) from a “c+” rating to a “b” rating in a report on Thursday, May 16th. Stephens reaffirmed an “overweight” rating and set a $20.00 price target (down previously from $26.00) on shares of SM Energy in a report on Tuesday, June 18th. Wells Fargo & Co initiated coverage on Forestar Group in a report on Monday, July 8th. They set an “outperform” rating and a $23.00 price target for the company. Capital One Financial raised Cimarex Energy from an “equal weight” rating to an “overweight” rating in a report on Thursday, May 23rd. Finally, KeyCorp reaffirmed an “overweight” rating and set a $1,316.00 price target (up previously from $1,210.00) on shares of Cable One in a report on Thursday, June 27th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $25.18.
The business’s fifty day simple moving average is $11.39. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 330.00 and a beta of 2.98. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.96.
SM Energy (NYSE:SM) last posted its quarterly earnings data on Wednesday, May 1st. The energy company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.06). The firm had revenue of $340.90 million for the quarter, compared to the consensus estimate of $341.25 million. SM Energy had a negative return on equity of 1.52% and a net margin of 0.82%. The firm’s quarterly revenue was down 55.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.07 EPS. On average, research analysts anticipate that SM Energy Co will post -0.23 earnings per share for the current year.
In other news, EVP David W. Copeland acquired 10,000 shares of the stock in a transaction on Friday, May 24th. The shares were purchased at an average price of $12.71 per share, for a total transaction of $127,100.00. Following the transaction, the executive vice president now directly owns 106,454 shares of the company’s stock, valued at $1,353,030.34. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Javan D. Ottoson acquired 5,000 shares of the stock in a transaction on Tuesday, May 7th. The shares were purchased at an average price of $14.63 per share, for a total transaction of $73,150.00. Following the transaction, the chief executive officer now directly owns 182,126 shares in the company, valued at $2,664,503.38. The disclosure for this purchase can be found here. Insiders have acquired a total of 17,000 shares of company stock worth $225,070 in the last quarter. Company insiders own 1.00% of the company’s stock.
A number of hedge funds have recently bought and sold shares of SM. BlackRock Inc. increased its position in shares of SM Energy by 2.7% in the fourth quarter. BlackRock Inc. now owns 9,335,812 shares of the energy company’s stock worth $144,520,000 after purchasing an additional 247,649 shares during the period. Dimensional Fund Advisors LP increased its position in shares of SM Energy by 7.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,716,900 shares of the energy company’s stock worth $134,938,000 after purchasing an additional 631,315 shares during the period. Millennium Management LLC increased its position in shares of SM Energy by 37.5% in the fourth quarter. Millennium Management LLC now owns 8,613,431 shares of the energy company’s stock worth $133,336,000 after purchasing an additional 2,348,170 shares during the period. Macquarie Group Ltd. increased its position in shares of SM Energy by 2.1% in the fourth quarter. Macquarie Group Ltd. now owns 3,321,122 shares of the energy company’s stock worth $51,411,000 after purchasing an additional 68,645 shares during the period. Finally, Oslo Asset Management AS increased its position in shares of SM Energy by 3.2% in the first quarter. Oslo Asset Management AS now owns 2,489,343 shares of the energy company’s stock worth $43,539,000 after purchasing an additional 77,304 shares during the period. Hedge funds and other institutional investors own 98.88% of the company’s stock.
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. 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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