SM Energy (NYSE:SM) was upgraded by stock analysts at UBS Group from a “neutral” rating to a “positive” rating in a report released on Tuesday, February 20th, The Fly reports.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research upgraded SM Energy from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Thursday, November 9th. Williams Capital reiterated a “buy” rating and set a $39.00 price target on shares of SM Energy in a research report on Wednesday, January 10th. Credit Suisse Group initiated coverage on SM Energy in a research report on Monday, December 11th. They set an “outperform” rating and a $27.00 price target on the stock. Barclays upped their price target on SM Energy from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Monday, November 20th. Finally, JPMorgan Chase & Co. upgraded shares of SM Energy from a “neutral” rating to an “overweight” rating and set a $30.00 price objective on the stock in a research report on Monday, October 23rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $27.69.
SM Energy (SM) traded down $0.38 during midday trading on Tuesday, reaching $17.90. 3,078,998 shares of the company traded hands, compared to its average volume of 3,450,000. SM Energy has a twelve month low of $12.29 and a twelve month high of $28.20. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.21. The firm has a market cap of $2,000.00, a P/E ratio of -8.91, a P/E/G ratio of 68.70 and a beta of 3.02.
SM Energy (NYSE:SM) last posted its quarterly earnings results on Wednesday, February 21st. The energy company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.07. The business had revenue of $340.53 million during the quarter, compared to the consensus estimate of $330.83 million. SM Energy had a negative net margin of 12.43% and a negative return on equity of 2.09%. SM Energy’s revenue was down 10.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.31) EPS. sell-side analysts anticipate that SM Energy will post 0.03 EPS for the current fiscal year.
Several large investors have recently modified their holdings of SM. Amundi Pioneer Asset Management Inc. bought a new position in shares of SM Energy during the fourth quarter valued at $134,000. State of Alaska Department of Revenue bought a new position in shares of SM Energy during the fourth quarter valued at $143,000. Tower Research Capital LLC TRC increased its holdings in shares of SM Energy by 2,652.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,770 shares of the energy company’s stock valued at $149,000 after acquiring an additional 6,524 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of SM Energy during the fourth quarter valued at $232,000. Finally, Granite Springs Asset Management LLC bought a new position in shares of SM Energy during the fourth quarter valued at $243,000. Hedge funds and other institutional investors own 97.36% 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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