SM Energy Co (NYSE:SM) shares traded down 8.7% on Friday . The company traded as low as $9.06 and last traded at $9.14, 4,964,486 shares changed hands during trading. An increase of 59% from the average session volume of 3,127,991 shares. The stock had previously closed at $10.01.
A number of equities research analysts recently weighed in on the stock. TheStreet lowered shares of SM Energy from a “c” rating to a “d+” rating in a report on Thursday, May 16th. Capital One Financial raised shares of SM Energy from an “equal weight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Stephens reissued an “overweight” rating and set a $20.00 target price (down previously from $26.00) on shares of SM Energy in a research report on Tuesday, June 18th. B. Riley set a $14.00 target price on shares of SM Energy and gave the company a “hold” rating in a research report on Wednesday, June 19th. Finally, KeyCorp initiated coverage on shares of SM Energy in a research report on Thursday, June 27th. They set a “sector weight” rating on the stock. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. SM Energy currently has an average rating of “Hold” and an average target price of $20.25.
The business’s 50-day simple moving average is $10.08 and its 200 day simple moving average is $14.04. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.97. The firm has a market cap of $1.13 billion, a PE ratio of 304.67 and a beta of 2.97.
SM Energy (NYSE:SM) last issued its quarterly earnings data on Thursday, August 1st. The energy company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.13. SM Energy had a net margin of 2.91% and a negative return on equity of 2.07%. The firm had revenue of $407.17 million for the quarter, compared to the consensus estimate of $407.53 million. During the same quarter in the previous year, the firm earned $0.15 EPS. Analysts expect that SM Energy Co will post -0.36 earnings per share for the current year.
Several institutional investors have recently modified their holdings of SM. Amundi Pioneer Asset Management Inc. acquired a new position in shares of SM Energy in the 2nd quarter valued at $414,000. Voloridge Investment Management LLC lifted its stake in shares of SM Energy by 126.8% in the 2nd quarter. Voloridge Investment Management LLC now owns 141,660 shares of the energy company’s stock valued at $1,774,000 after purchasing an additional 79,191 shares during the period. Nuveen Asset Management LLC lifted its stake in shares of SM Energy by 51.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 854,721 shares of the energy company’s stock valued at $10,701,000 after purchasing an additional 289,734 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of SM Energy by 11.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 103,492 shares of the energy company’s stock valued at $1,296,000 after purchasing an additional 10,794 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of SM Energy in the 2nd quarter valued at $132,000.
About SM Energy (NYSE:SM)
SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. As of December 31, 2018, the company had 503.4 million barrels of oil equivalent of estimated proved reserves; and working interests in 715 gross productive oil wells and 504 gross productive gas wells primarily in the Permian, South Texas, and Gulf Coast regions in the United States.
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