Landscape Capital Management L.L.C. Makes New Investment in SM Energy Company $SM

Landscape Capital Management L.L.C. bought a new position in shares of SM Energy Company (NYSE:SM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 62,916 shares of the energy company’s stock, valued at approximately $1,642,000.

Other institutional investors also recently modified their holdings of the company. NBC Securities Inc. increased its position in SM Energy by 160.5% during the fourth quarter. NBC Securities Inc. now owns 1,347 shares of the energy company’s stock worth $25,000 after acquiring an additional 830 shares during the period. SBI Securities Co. Ltd. boosted its holdings in SM Energy by 10,461.5% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,373 shares of the energy company’s stock valued at $26,000 after purchasing an additional 1,360 shares during the period. Torren Management LLC grew its position in shares of SM Energy by 4,561.1% during the 1st quarter. Torren Management LLC now owns 839 shares of the energy company’s stock worth $26,000 after purchasing an additional 821 shares in the last quarter. Global Retirement Partners LLC grew its position in shares of SM Energy by 62.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,386 shares of the energy company’s stock worth $26,000 after purchasing an additional 535 shares in the last quarter. Finally, Kilter Group LLC bought a new position in shares of SM Energy during the second quarter worth approximately $28,000. Institutional investors own 94.56% of the company’s stock.

SM Energy Price Performance

Shares of NYSE:SM opened at $37.34 on Friday. The firm has a 50 day moving average of $30.18 and a 200-day moving average of $28.80. SM Energy Company has a 12 month low of $17.45 and a 12 month high of $38.25. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $8.88 billion, a PE ratio of 7.35 and a beta of 0.73.

SM Energy (NYSE:SM) last posted its quarterly earnings results on Wednesday, August 5th. The energy company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.23. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.02 billion. SM Energy had a net margin of 18.20% and a return on equity of 17.93%. The firm’s revenue for the quarter was up 215.3% on a year-over-year basis. During the same quarter last year, the business posted $1.50 EPS. On average, equities research analysts predict that SM Energy Company will post 7.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SM. Raymond James Financial dropped their price target on shares of SM Energy from $55.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, July 21st. Weiss Ratings restated a “hold (c)” rating on shares of SM Energy in a research note on Monday, August 17th. Siebert Williams Shank raised SM Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from $30.00 to $41.00 in a report on Thursday, May 14th. Wall Street Zen upgraded SM Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, UBS Group assumed coverage on SM Energy in a report on Tuesday, July 14th. They set a “buy” rating and a $36.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.93.

About SM Energy

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.