SM Energy Company (SM) PT Raised to $32.00

SM Energy Company (NYSE:SM) had its price target hoisted by analysts at Williams Capital from $30.00 to $32.00 in a note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the energy company’s stock. Williams Capital’s target price suggests a potential upside of 75.44% from the stock’s current price.

Several other research firms have also commented on SM. BMO Capital Markets set a $20.00 target price on SM Energy and gave the stock a “hold” rating in a report on Saturday, August 5th. Seaport Global Securities lowered SM Energy from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $31.00 to $16.00 in a report on Wednesday, June 21st. Barclays PLC raised their target price on SM Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, October 11th. Scotiabank set a $19.00 target price on SM Energy and gave the stock a “hold” rating in a report on Saturday, July 1st. Finally, Mitsubishi UFJ Financial Group reaffirmed a “neutral” rating on shares of SM Energy in a report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $29.86.

SM Energy (NYSE:SM) traded down 1.37% on Wednesday, hitting $17.99. The stock had a trading volume of 1,144,325 shares. The company’s 50 day moving average is $16.78 and its 200-day moving average is $17.79. SM Energy has a 12 month low of $12.29 and a 12 month high of $42.45. The stock’s market cap is $2.01 billion.

SM Energy (NYSE:SM) last posted its earnings results on Thursday, August 3rd. The energy company reported ($0.32) EPS for the quarter, hitting the consensus estimate of ($0.32). The firm had revenue of $284.94 million for the quarter, compared to analyst estimates of $299.12 million. SM Energy had a negative return on equity of 3.11% and a negative net margin of 20.67%. SM Energy’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same period last year, the company earned ($0.44) earnings per share. Analysts forecast that SM Energy will post ($1.08) EPS for the current year.

WARNING: “SM Energy Company (SM) PT Raised to $32.00” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another domain, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this article can be accessed at https://ledgergazette.com/2017/10/20/sm-energy-company-sm-pt-raised-to-32-00.html.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fondren Management LP purchased a new position in shares of SM Energy in the second quarter valued at approximately $331,000. Public Employees Retirement System of Ohio lifted its position in shares of SM Energy by 17.3% in the second quarter. Public Employees Retirement System of Ohio now owns 49,191 shares of the energy company’s stock valued at $813,000 after acquiring an additional 7,240 shares in the last quarter. Scotia Capital Inc. purchased a new position in shares of SM Energy in the second quarter valued at approximately $318,000. California State Teachers Retirement System lifted its position in shares of SM Energy by 3.2% in the second quarter. California State Teachers Retirement System now owns 204,059 shares of the energy company’s stock valued at $3,373,000 after acquiring an additional

Several other research firms have also commented on SM. BMO Capital Markets set a $20.00 target price on SM Energy and gave the stock a “hold” rating in a report on Saturday, August 5th. Seaport Global Securities lowered SM Energy from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $31.00 to $16.00 in a report on Wednesday, June 21st. Barclays PLC raised their target price on SM Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, October 11th. Scotiabank set a $19.00 target price on SM Energy and gave the stock a “hold” rating in a report on Saturday, July 1st. Finally, Mitsubishi UFJ Financial Group reaffirmed a “neutral” rating on shares of SM Energy in a report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $29.86.

SM Energy (NYSE:SM) traded down 1.37% on Wednesday, hitting $17.99. The stock had a trading volume of 1,144,325 shares. The company’s 50 day moving average is $16.78 and its 200-day moving average is $17.79. SM Energy has a 12 month low of $12.29 and a 12 month high of $42.45. The stock’s market cap is $2.01 billion.

SM Energy (NYSE:SM) last posted its earnings results on Thursday, August 3rd. The energy company reported ($0.32) EPS for the quarter, hitting the consensus estimate of ($0.32). The firm had revenue of $284.94 million for the quarter, compared to analyst estimates of $299.12 million. SM Energy had a negative return on equity of 3.11% and a negative net margin of 20.67%. SM Energy’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same period last year, the company earned ($0.44) earnings per share. Analysts forecast that SM Energy will post ($1.08) EPS for the current year.

WARNING: “SM Energy Company (SM) PT Raised to $32.00” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another domain, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this article can be accessed at https://ledgergazette.com/2017/10/20/sm-energy-company-sm-pt-raised-to-32-00.html.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fondren Management LP purchased a new position in shares of SM Energy in the second quarter valued at approximately $331,000. Public Employees Retirement System of Ohio lifted its position in shares of SM Energy by 17.3% in the second quarter. Public Employees Retirement System of Ohio now owns 49,191 shares of the energy company’s stock valued at $813,000 after acquiring an additional 7,240 shares in the last quarter. Scotia Capital Inc. purchased a new position in shares of SM Energy in the second quarter valued at approximately $318,000. California State Teachers Retirement System lifted its position in shares of SM Energy by 3.2% in the second quarter. California State Teachers Retirement System now owns 204,059 shares of the energy company’s stock valued at $3,373,000 after acquiring an additional 6,263 shares in the last quarter. Finally, Bank of Nova Scotia purchased a new position in shares of SM Energy in the second quarter valued at approximately $3,668,000. Institutional investors and hedge funds own 96.62% of the company’s stock.

About SM Energy

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.

Analyst Recommendations for SM Energy (NYSE:SM)

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