Jefferies Group reissued their hold rating on shares of SM Energy (NYSE:SM) in a research note released on Friday morning, American Banking & Market News reports. They currently have a $94.00 target price on the stock.
In other SM Energy news, Director John Seidl sold 2,286 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $90.00, for a total transaction of $205,740.00. Following the transaction, the director now directly owns 7,007 shares of the company’s stock, valued at approximately $630,630. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
SM Energy (NYSE:SM) traded down 1.54% on Friday, hitting $89.40. The stock had a trading volume of 402,447 shares. SM Energy has a 1-year low of $45.25 and a 1-year high of $93.70. The stock has a 50-day moving average of $85.92 and a 200-day moving average of $71.56. The company has a market cap of $5.989 billion and a price-to-earnings ratio of 62.28.
SM Energy (NYSE:SM) last released its earnings data on Wednesday, October 30th. The company reported $1.04 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.05 by $0.01. The company had revenue of $613.10 million for the quarter, compared to the consensus estimate of $575.30 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 61.8% on a year-over-year basis. Analysts expect that SM Energy will post $4.64 EPS for the current fiscal year.
SM has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated a hold rating on shares of SM Energy in a research note to investors on Tuesday, November 12th. They now have a $94.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of SM Energy from $77.00 to $89.00 in a research note to investors on Tuesday, November 12th. They now have a hold rating on the stock. Ten investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. SM Energy has a consensus rating of Buy and a consensus price target of $96.05.
SM Energy Company (NYSE:SM) is an independent energy company.
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