Press coverage about SM Energy (NYSE:SM) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. SM Energy earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave media stories about the energy company an impact score of 46.7626792982343 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- SM Energy Company (SM) Expected to Post Quarterly Sales of $297.42 Million (americanbankingnews.com)
- SM Energy Company (SM) technical analysis: Which way the stock is headed? – StockNewsGazette (stocknewsgazette.com)
- Analysts Expect SM Energy Company (SM) to Announce -$0.30 EPS (americanbankingnews.com)
- Momentum Stock in Focus: Sm Energy Company (SM) – Post Registrar (postregistrar.com)
SM has been the subject of several research reports. Credit Suisse Group initiated coverage on shares of SM Energy in a research report on Thursday, June 1st. They set an “outperform” rating and a $30.00 price objective for the company. Williams Capital set a $40.00 target price on shares of SM Energy and gave the stock a “buy” rating in a report on Tuesday, May 16th. Scotiabank cut shares of SM Energy from an “outperform” rating to a “sector perform” rating and set a $24.00 target price for the company. in a report on Tuesday, May 16th. Bank of America Corporation cut shares of SM Energy from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $48.00 to $37.00 in a report on Thursday, May 11th. Finally, Royal Bank Of Canada set a $36.00 target price on shares of SM Energy and gave the stock a “hold” rating in a report on Tuesday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. SM Energy has a consensus rating of “Hold” and a consensus target price of $33.29.
SM Energy (SM) opened at 13.87 on Friday. SM Energy has a 52-week low of $13.11 and a 52-week high of $43.09. The stock has a 50 day moving average of $16.10 and a 200-day moving average of $20.55. The company’s market cap is $1.55 billion.
SM Energy (NYSE:SM) last issued its earnings results on Thursday, August 3rd. The energy company reported ($0.32) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ 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%. The business’s revenue was down 16.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.44) earnings per share. On average, analysts forecast that SM Energy will post ($1.10) EPS for the current year.
In related news, CEO Javan D. Ottoson acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The shares were bought at an average cost of $16.44 per share, for a total transaction of $32,880.00. Following the purchase, the chief executive officer now owns 143,302 shares in the company, valued at approximately $2,355,884.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Herbert S. Vogel acquired 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The shares were bought at an average price of $16.60 per share, for a total transaction of $49,800.00. Following the completion of the purchase, 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. Insiders own 0.89% 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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