A number of other brokerages have also recently commented on SM. Royal Bank Of Canada set a $36.00 price objective on shares of SM Energy and gave the stock a hold rating in a research note on Tuesday, April 25th. Bank of America Corporation cut shares of SM Energy from a buy rating to a neutral rating and dropped their price objective for the stock from $48.00 to $37.00 in a research note on Thursday, May 11th. Scotiabank cut shares of SM Energy from an outperform rating to a sector perform rating and set a $24.00 price objective for the company. in a research note on Tuesday, May 16th. Barclays PLC reissued an overweight rating and issued a $30.00 price objective (down from $38.00) on shares of SM Energy in a research note on Saturday, April 22nd. Finally, Zacks Investment Research cut shares of SM Energy from a hold rating to a sell rating in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. SM Energy presently has a consensus rating of Hold and a consensus target price of $33.29.
Shares of SM Energy (NYSE SM) traded up 3.74% during trading on Friday, reaching $13.87. The company’s stock had a trading volume of 3,893,498 shares. SM Energy has a 52-week low of $13.11 and a 52-week high of $43.09. The company’s market cap is $1.55 billion. The firm’s 50-day moving average is $16.10 and its 200 day moving average is $20.55.
SM Energy (NYSE:SM) last announced its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.32) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.32). The company had revenue of $284.94 million for the quarter, compared to the consensus estimate of $299.12 million. SM Energy had a negative net margin of 20.67% and a negative return on equity of 3.11%. SM Energy’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.44) EPS. On average, equities research analysts predict that SM Energy will post ($1.10) EPS for the current fiscal year.
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In other SM Energy news, CEO Javan D. Ottoson purchased 2,000 shares of SM Energy stock in a transaction dated Thursday, June 8th. The stock was acquired at an average price of $16.44 per share, for a total transaction of $32,880.00. Following the acquisition, the chief executive officer now owns 143,302 shares in the company, valued at approximately $2,355,884.88. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Herbert S. Vogel purchased 3,000 shares of SM Energy stock in a transaction dated Thursday, June 8th. The stock was acquired at an average price of $16.60 per share, with a total value of $49,800.00. Following the acquisition, the executive vice president now owns 32,637 shares in the company, valued at approximately $541,774.20. The disclosure for this purchase can be found here. 0.89% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of SM. Russell Investments Group Ltd. raised its stake in SM Energy by 35.3% in the first quarter. Russell Investments Group Ltd. now owns 8,606 shares of the energy company’s stock valued at $207,000 after buying an additional 2,245 shares in the last quarter. Nikko Asset Management Americas Inc. raised its stake in SM Energy by 95.8% in the first quarter. Nikko Asset Management Americas Inc. now owns 492,507 shares of the energy company’s stock valued at $11,830,000 after buying an additional 241,000 shares in the last quarter. First Mercantile Trust Co. raised its position in SM Energy by 31.9% in the first quarter. First Mercantile Trust Co. now owns 37,870 shares of the energy company’s stock valued at $909,000 after buying an additional 9,160 shares during the period. Waldron LP raised its position in SM Energy by 14.6% in the first quarter. Waldron LP now owns 40,737 shares of the energy company’s stock valued at $978,000 after buying an additional 5,185 shares during the period. Finally, Oslo Asset Management AS purchased a new position in SM Energy during the first quarter valued at approximately $14,864,000. Institutional investors and hedge funds own 97.40% of the company’s stock.
SM Energy Company Profile
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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