SM Energy (NYSE:SM) Director Sells $834,310.94 in Stock

SM Energy Company (NYSE:SM) Director Ramiro Peru sold 24,553 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $33.98, for a total transaction of $834,310.94. Following the sale, the director owned 65,964 shares in the company, valued at $2,241,456.72. This trade represents a 27.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

SM Energy Stock Up 1.7%

Shares of SM traded up $0.55 during mid-day trading on Friday, hitting $33.80. 3,023,391 shares of the company’s stock were exchanged, compared to its average volume of 6,155,469. The stock’s 50-day moving average is $29.72 and its 200-day moving average is $23.36. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.39 and a current ratio of 0.39. SM Energy Company has a fifty-two week low of $17.45 and a fifty-two week high of $35.88. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 14.20 and a beta of 0.73.

SM Energy (NYSE:SM) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.42. SM Energy had a net margin of 3.45% and a return on equity of 13.93%. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the business posted $1.76 earnings per share. The business’s quarterly revenue was up 75.0% compared to the same quarter last year. On average, sell-side analysts anticipate that SM Energy Company will post 7.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

SM has been the topic of a number of recent research reports. Zacks Research raised SM Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Weiss Ratings raised SM Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday. Wells Fargo & Company upped their price target on SM Energy from $29.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday. Siebert Williams Shank raised SM Energy from a “hold” rating to a “buy” rating and increased their price target for the company from $30.00 to $41.00 in a research report on Thursday, May 14th. Finally, Raymond James Financial upgraded SM Energy from an “underperform” rating to an “outperform” rating and set a $55.00 price objective for the company in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, SM Energy has a consensus rating of “Moderate Buy” and an average price target of $36.79.

Institutional Investors Weigh In On SM Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Summit Global Investments lifted its position in shares of SM Energy by 1.1% during the 4th quarter. Summit Global Investments now owns 46,417 shares of the energy company’s stock worth $868,000 after purchasing an additional 489 shares during the last quarter. State of Wyoming raised its stake in SM Energy by 22.2% in the fourth quarter. State of Wyoming now owns 2,748 shares of the energy company’s stock valued at $51,000 after buying an additional 499 shares in the last quarter. Global Retirement Partners LLC raised its stake in SM Energy by 62.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,386 shares of the energy company’s stock valued at $26,000 after buying an additional 535 shares in the last quarter. First Horizon Corp lifted its holdings in SM Energy by 57.4% during the 4th quarter. First Horizon Corp now owns 1,860 shares of the energy company’s stock worth $35,000 after buying an additional 678 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in SM Energy by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 22,211 shares of the energy company’s stock worth $415,000 after buying an additional 687 shares during the last quarter. 94.56% of the stock is currently owned by institutional investors and hedge funds.

SM Energy Company Profile

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.