SM Energy Sees Unusually Large Options Volume (SM)

SM Energy Co (NYSE:SM) saw some unusual options trading on Tuesday. Traders purchased 8,975 call options on the stock. This is an increase of approximately 1,667% compared to the average volume of 508 call options.

SM has been the topic of several research reports. Williams Capital reaffirmed a “buy” rating and issued a $30.00 price target on shares of SM Energy in a report on Friday, September 15th. Mitsubishi UFJ Financial Group reaffirmed a “neutral” rating on shares of SM Energy in a report on Monday, October 2nd. BMO Capital Markets set a $21.00 price target on SM Energy and gave the company a “hold” rating in a report on Tuesday, October 10th. Barclays upped their price target on SM Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, October 11th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $26.00 price target on shares of SM Energy in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $27.47.

SM Energy (NYSE SM) opened at $26.70 on Friday. SM Energy has a twelve month low of $12.29 and a twelve month high of $35.29. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.53 and a quick ratio of 1.53. The stock has a market capitalization of $2,980.00, a price-to-earnings ratio of -7.85 and a beta of 3.02.

SM Energy (NYSE:SM) last posted its quarterly earnings data on Thursday, November 2nd. The energy company reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.07. SM Energy had a negative net margin of 25.17% and a negative return on equity of 2.88%. The firm had revenue of $295.40 million for the quarter, compared to analysts’ expectations of $300.80 million. During the same period in the previous year, the company posted ($0.37) EPS. The company’s quarterly revenue was down 16.2% compared to the same quarter last year. equities research analysts forecast that SM Energy will post -1 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Key Group Holdings Cayman LTD. grew its position in SM Energy by 40.9% during the 2nd quarter. Key Group Holdings Cayman LTD. now owns 5,305,568 shares of the energy company’s stock worth $87,701,000 after purchasing an additional 1,538,955 shares in the last quarter. State Street Corp grew its position in SM Energy by 17.7% during the 2nd quarter. State Street Corp now owns 5,195,340 shares of the energy company’s stock worth $85,878,000 after purchasing an additional 780,106 shares in the last quarter. Dimensional Fund Advisors LP grew its position in SM Energy by 12.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,747,344 shares of the energy company’s stock worth $84,220,000 after purchasing an additional 536,076 shares in the last quarter. Alliancebernstein L.P. grew its position in SM Energy by 12.6% during the 2nd quarter. Alliancebernstein L.P. now owns 4,497,847 shares of the energy company’s stock worth $74,349,000 after purchasing an additional 504,248 shares in the last quarter. Finally, Macquarie Group Ltd. grew its position in SM Energy by 12.5% during the 3rd quarter. Macquarie Group Ltd. now owns 3,132,954 shares of the energy company’s stock worth $55,579,000 after purchasing an additional 348,450 shares in the last quarter. Hedge funds and other institutional investors own 97.36% of the company’s stock.

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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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