SM Energy Sees Unusually Large Options Volume (SM)

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SM Energy Co (NYSE:SM) was the recipient of unusually large options trading activity on Thursday. Traders purchased 10,142 put options on the company. This is an increase of approximately 2,955% compared to the typical volume of 332 put options.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SM. Oregon Public Employees Retirement Fund boosted its holdings in SM Energy by 1,476.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 632,250 shares of the energy company’s stock worth $41,000 after acquiring an additional 592,145 shares during the period. Bessemer Group Inc. purchased a new position in shares of SM Energy during the 4th quarter valued at approximately $75,000. Nisa Investment Advisors LLC purchased a new position in shares of SM Energy during the 4th quarter valued at approximately $79,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of SM Energy by 19.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,796 shares of the energy company’s stock valued at $121,000 after buying an additional 1,248 shares during the last quarter. Finally, Dupont Capital Management Corp purchased a new position in shares of SM Energy during the 4th quarter valued at approximately $135,000.

NYSE SM opened at $17.02 on Friday. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of -20.76, a P/E/G ratio of 4.98 and a beta of 3.07. SM Energy has a fifty-two week low of $13.15 and a fifty-two week high of $33.76. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.62 and a quick ratio of 0.62.

SM Energy (NYSE:SM) last released its quarterly earnings results on Wednesday, February 20th. The energy company reported ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.07). The company had revenue of $394.20 million during the quarter, compared to analysts’ expectations of $373.95 million. SM Energy had a return on equity of 0.59% and a net margin of 8.56%. The firm’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.08) EPS. As a group, sell-side analysts forecast that SM Energy will post 0.11 earnings per share for the current fiscal year.

SM has been the subject of a number of research analyst reports. Tudor Pickering downgraded shares of SM Energy from a “buy” rating to a “hold” rating in a research report on Friday, December 14th. Zacks Investment Research downgraded shares of SM Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, December 31st. Barclays initiated coverage on shares of SM Energy in a research report on Wednesday, January 16th. They set an “overweight” rating and a $27.00 target price for the company. Seaport Global Securities raised shares of SM Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $29.00 to $34.00 in a research report on Monday, December 10th. Finally, Capital One Financial downgraded shares of SM Energy from an “overweight” rating to an “equal weight” rating in a research report on Thursday, December 20th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $31.93.

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SM Energy Company Profile

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. It primarily has operations in the Midland Basin and the Eagle Ford shale in Texas. As of December 31, 2017, the company had 468.1 million barrels of oil equivalent of estimated proved reserves; and working interests in 919 net productive oil wells and 489 net productive gas wells.

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