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 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.
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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