107,494 Shares in SM Energy Company $SM Acquired by NFJ Investment Group LLC

NFJ Investment Group LLC purchased a new position in shares of SM Energy Company (NYSE:SM) during the second quarter, HoldingsChannel.com reports. The fund purchased 107,494 shares of the energy company’s stock, valued at approximately $2,806,000.

Other hedge funds also recently made changes to their positions in the company. Torren Management LLC increased its holdings 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 buying an additional 821 shares during the last quarter. Center for Financial Planning Inc. purchased a new position in shares of SM Energy in the 1st quarter worth $31,000. Valued Wealth Advisors LLC acquired a new position in SM Energy in the first quarter valued at $33,000. Kilter Group LLC acquired a new position in SM Energy in the second quarter valued at $28,000. Finally, Assetmark Inc. purchased a new stake in SM Energy during the first quarter valued at about $35,000. Institutional investors and hedge funds own 94.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Siebert Williams Shank upgraded SM Energy from a “hold” rating to a “buy” rating and raised their price objective for the stock from $30.00 to $41.00 in a report on Thursday, May 14th. Roth Capital raised shares of SM Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $30.00 to $32.00 in a research report on Monday, June 22nd. Wells Fargo & Company upgraded shares of SM Energy from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $32.00 to $47.00 in a report on Thursday, August 13th. Wall Street Zen raised shares of SM Energy from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Raymond James Financial decreased their price objective on shares of SM Energy from $55.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $37.93.

SM Energy Price Performance

Shares of NYSE SM opened at $37.45 on Friday. SM Energy Company has a fifty-two week low of $17.45 and a fifty-two week high of $38.25. The business has a 50 day moving average price of $30.06 and a two-hundred day moving average price of $28.74. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.85. The firm has a market cap of $8.91 billion, a PE ratio of 7.37 and a beta of 0.73.

SM Energy (NYSE:SM) last announced its earnings results on Wednesday, August 5th. The energy company reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.23. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.02 billion. SM Energy had a return on equity of 17.93% and a net margin of 18.20%.SM Energy’s quarterly revenue was up 215.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.50 EPS. Sell-side analysts expect that SM Energy Company will post 7.21 earnings per share for the current fiscal year.

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.