SM Energy Co (NYSE:SM) has been given a consensus recommendation of “Hold” by the seventeen ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $26.00.
Several analysts have recently commented on SM shares. KeyCorp reissued a “buy” rating and issued a $26.00 price objective on shares of SM Energy in a research note on Friday, October 20th. Williams Capital increased their price objective on SM Energy from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Zacks Investment Research raised SM Energy from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Thursday, November 9th. Scotiabank reissued a “hold” rating and issued a $20.00 price objective on shares of SM Energy in a research note on Wednesday, November 22nd. Finally, Royal Bank Of Canada set a $20.00 price target on SM Energy and gave the company a “hold” rating in a research report on Thursday, August 24th.
Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its position in shares of SM Energy by 87.2% during the second quarter. BNP Paribas Arbitrage SA now owns 85,207 shares of the energy company’s stock valued at $1,408,000 after acquiring an additional 39,683 shares during the last quarter. US Bancorp DE grew its holdings in SM Energy by 0.8% during the second quarter. US Bancorp DE now owns 79,856 shares of the energy company’s stock valued at $1,320,000 after purchasing an additional 613 shares during the period. Public Employees Retirement Association of Colorado grew its holdings in SM Energy by 2.3% during the second quarter. Public Employees Retirement Association of Colorado now owns 18,630 shares of the energy company’s stock valued at $308,000 after purchasing an additional 418 shares during the period. Frontier Capital Management Co. LLC grew its holdings in SM Energy by 18.5% during the second quarter. Frontier Capital Management Co. LLC now owns 1,972,875 shares of the energy company’s stock valued at $32,612,000 after purchasing an additional 307,359 shares during the period. Finally, First Trust Advisors LP grew its holdings in SM Energy by 53.1% during the second quarter. First Trust Advisors LP now owns 414,959 shares of the energy company’s stock valued at $6,859,000 after purchasing an additional 143,972 shares during the period. 97.36% of the stock is owned by institutional investors.
SM Energy (NYSE:SM) last issued its quarterly earnings data on Thursday, November 2nd. The energy company reported ($0.25) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.07. The firm had revenue of $295.40 million during the quarter, compared to the consensus estimate of $300.80 million. SM Energy had a negative return on equity of 14.55% and a negative net margin of 29.98%. The company’s quarterly revenue was down 16.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.37) earnings per share. equities research analysts predict that SM Energy will post -1.05 earnings per share for the current fiscal year.
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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.
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