SM Energy Target of Unusually Large Options Trading (SM)

SM Energy Co (NYSE:SM) was the target of some unusual options trading on Thursday. Traders bought 10,142 put options on the stock. This represents an increase of approximately 2,955% compared to the average volume of 332 put options.

SM Energy stock opened at $17.02 on Friday. The firm has a market capitalization of $2.21 billion, a PE ratio of 656.33, a PEG ratio of 5.14 and a beta of 3.07. SM Energy has a fifty-two week low of $13.15 and a fifty-two week high of $33.76. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

SM Energy (NYSE:SM) last released its quarterly earnings results on Wednesday, February 20th. The energy company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.07). The firm had revenue of $394.20 million during the quarter, compared to the consensus estimate of $373.95 million. SM Energy had a return on equity of 0.15% and a net margin of 24.60%. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.08) EPS. As a group, sell-side analysts anticipate that SM Energy will post 0.38 earnings per share for the current year.

Several equities analysts recently commented on SM shares. Barclays set a $26.00 price objective on SM Energy and gave the company a “buy” rating in a research note on Tuesday, February 5th. Zacks Investment Research cut shares of SM Energy from a “hold” rating to a “strong sell” rating in a report on Monday, December 31st. Seaport Global Securities raised shares of SM Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $29.00 to $34.00 in a report on Monday, December 10th. Tudor Pickering cut shares of SM Energy from a “buy” rating to a “hold” rating in a report on Friday, December 14th. Finally, Williams Capital reissued a “buy” rating and set a $36.00 target price on shares of SM Energy in a report on Wednesday, December 12th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. SM Energy currently has an average rating of “Buy” and a consensus price target of $31.93.

Several institutional investors have recently added to or reduced their stakes in SM. Millennium Management LLC grew its position in SM Energy by 37.5% in the fourth quarter. Millennium Management LLC now owns 8,613,431 shares of the energy company’s stock worth $133,336,000 after acquiring an additional 2,348,170 shares in the last quarter. Oslo Asset Management AS boosted its position in SM Energy by 73.9% during the fourth quarter. Oslo Asset Management AS now owns 2,412,039 shares of the energy company’s stock valued at $37,338,000 after buying an additional 1,025,180 shares during the period. Wexford Capital LP purchased a new stake in SM Energy during the fourth quarter valued at about $15,002,000. AQR Capital Management LLC boosted its position in SM Energy by 597.7% during the third quarter. AQR Capital Management LLC now owns 901,963 shares of the energy company’s stock valued at $28,439,000 after buying an additional 772,689 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in SM Energy by 7.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,716,900 shares of the energy company’s stock valued at $134,938,000 after buying an additional 631,315 shares during the period.

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SM Energy Company Profile

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. It primarily has operations in the Midland Basin and the Eagle Ford shale in Texas. As of December 31, 2017, the company had 468.1 million barrels of oil equivalent of estimated proved reserves; and working interests in 919 net productive oil wells and 489 net productive gas wells.

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