SM Energy (SM) Shares Gap Up to $17.65

SM Energy Co (NYSE:SM) gapped up prior to trading on Friday . The stock had previously closed at $17.27, but opened at $17.65. SM Energy shares last traded at $18.12, with a volume of 3001718 shares traded.

SM has been the topic of a number of research analyst reports. Williams Capital reiterated a “buy” rating and issued a $39.00 target price on shares of SM Energy in a research report on Wednesday, January 10th. Credit Suisse Group initiated coverage on SM Energy in a research report on Monday, December 11th. They issued an “outperform” rating and a $27.00 target price on the stock. Barclays boosted their target price on SM Energy from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, November 20th. B. Riley initiated coverage on SM Energy in a research report on Monday, February 5th. They issued a “buy” rating and a $36.00 target price on the stock. Finally, Robert W. Baird boosted their target price on SM Energy from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Monday, December 18th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $27.69.

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The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.98 and a current ratio of 0.98.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Wednesday, February 21st. The energy company reported ($0.08) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.07. SM Energy had a negative return on equity of 2.09% and a negative net margin of 12.43%. The company had revenue of $340.53 million for the quarter, compared to analysts’ expectations of $330.83 million. During the same period in the previous year, the firm posted ($0.31) earnings per share. The firm’s revenue for the quarter was down 10.4% on a year-over-year basis. equities analysts expect that SM Energy Co will post 0.06 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Amundi Pioneer Asset Management Inc. bought a new stake in SM Energy during the fourth quarter worth approximately $134,000. State of Alaska Department of Revenue bought a new stake in SM Energy during the fourth quarter worth approximately $143,000. Tower Research Capital LLC TRC increased its stake in SM Energy by 2,652.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,770 shares of the energy company’s stock worth $149,000 after acquiring an additional 6,524 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in SM Energy during the fourth quarter worth approximately $232,000. Finally, Granite Springs Asset Management LLC bought a new stake in SM Energy during the fourth quarter worth approximately $243,000. 97.36% of the stock is currently owned by institutional investors.

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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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