“We reaﬃrm our Buy rang and raise our price target to $39 (from $36 previ ously). SM remains our Top Pick for the re-rang potenal driven by its st rong Midland Basin oil growth proﬁle.”,” the firm’s analyst commented.
A number of other equities research analysts have also weighed in on the company. KeyCorp reaffirmed an overweight rating and issued a $31.00 price objective (up previously from $26.00) on shares of SM Energy in a report on Wednesday. Robert W. Baird lifted their price objective on SM Energy from $26.00 to $27.00 and gave the company an outperform rating in a report on Monday, December 18th. Credit Suisse Group began coverage on SM Energy in a report on Monday, December 11th. They issued an outperform rating and a $27.00 price objective on the stock. Scotiabank reaffirmed a hold rating and issued a $20.00 price objective on shares of SM Energy in a report on Wednesday, November 22nd. Finally, Barclays lifted their price objective on SM Energy from $21.00 to $23.00 and gave the company an overweight rating in a report on Monday, November 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $27.47.
SM Energy (NYSE:SM) last announced its quarterly earnings data on Thursday, November 2nd. The energy company reported ($0.25) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.32) by $0.07. SM Energy had a negative return on equity of 2.88% and a negative net margin of 25.17%. The company had revenue of $295.40 million for the quarter, compared to analyst estimates of $300.80 million. During the same quarter in the previous year, the company earned ($0.37) EPS. The firm’s revenue for the quarter was down 16.2% compared to the same quarter last year. equities analysts predict that SM Energy will post -0.97 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the company. Pacer Advisors Inc. boosted its stake in shares of SM Energy by 12.1% during the 2nd quarter. Pacer Advisors Inc. now owns 9,878 shares of the energy company’s stock worth $163,000 after acquiring an additional 1,064 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of SM Energy by 43.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 12,368 shares of the energy company’s stock worth $205,000 after acquiring an additional 3,762 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of SM Energy by 20.9% during the 2nd quarter. Van ECK Associates Corp now owns 14,298 shares of the energy company’s stock worth $236,000 after acquiring an additional 2,467 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of SM Energy during the 3rd quarter worth approximately $261,000. Finally, Nisa Investment Advisors LLC purchased a new stake in shares of SM Energy during the 4th quarter worth approximately $384,000. 97.36% of the stock is currently owned by institutional investors and hedge funds.
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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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