SM Energy (NYSE:SM) EVP James Barker Lebeck Sells 17,500 Shares

SM Energy Company (NYSE:SM) EVP James Barker Lebeck sold 17,500 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $37.02, for a total value of $647,850.00. Following the sale, the executive vice president directly owned 14,705 shares in the company, valued at approximately $544,379.10. The trade was a 54.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

SM Energy Stock Performance

Shares of SM Energy stock opened at $36.48 on Tuesday. The company has a market capitalization of $8.68 billion, a PE ratio of 7.18 and a beta of 0.73. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.62 and a current ratio of 0.62. The company has a 50-day simple moving average of $30.34 and a two-hundred day simple moving average of $28.99. SM Energy Company has a one year low of $17.45 and a one year high of $38.25.

SM Energy (NYSE:SM) last released its quarterly earnings results on Wednesday, August 5th. The energy company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.23. SM Energy had a net margin of 18.20% and a return on equity of 17.93%. The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period last year, the business earned $1.50 EPS. The company’s revenue was up 215.3% compared to the same quarter last year. Research analysts expect that SM Energy Company will post 7.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on SM shares. Zacks Research lowered shares of SM Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of SM Energy in a report on Monday, August 17th. Susquehanna raised their price objective on SM Energy from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Raymond James Financial dropped their target price on SM Energy from $55.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 21st. Finally, Roth Capital raised SM Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $30.00 to $32.00 in a research report on Monday, June 22nd. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.93.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its holdings in shares of SM Energy by 112.1% during the first quarter. Royal Bank of Canada now owns 94,115 shares of the energy company’s stock valued at $2,935,000 after buying an additional 49,740 shares during the last quarter. GSA Capital Partners LLP purchased a new position in SM Energy in the 2nd quarter worth $2,243,000. Mitsubishi UFJ Trust & Banking Corp lifted its position in SM Energy by 96.1% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 114,609 shares of the energy company’s stock worth $2,143,000 after acquiring an additional 56,160 shares during the period. Denali Advisors LLC lifted its position in SM Energy by 22.2% during the 4th quarter. Denali Advisors LLC now owns 300,000 shares of the energy company’s stock worth $5,610,000 after acquiring an additional 54,428 shares during the period. Finally, UBS Group AG lifted its position in SM Energy by 23.0% during the 4th quarter. UBS Group AG now owns 666,070 shares of the energy company’s stock worth $12,456,000 after acquiring an additional 124,448 shares during the period. Institutional investors and hedge funds own 94.56% of the company’s stock.

About SM Energy

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.