Shares of SM Energy Co (NYSE:SM) have been given an average recommendation of “Buy” by the twenty-one analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $28.00.
Several research firms have commented on SM. Bank of America cut their price objective on SM Energy from $31.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday, March 8th. B. Riley cut their price objective on SM Energy from $36.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Susquehanna Bancshares raised SM Energy from a “neutral” rating to a “positive” rating in a research report on Tuesday, February 20th. Williams Capital set a $40.00 price objective on SM Energy and gave the company a “buy” rating in a research report on Thursday, February 22nd. Finally, Robert W. Baird set a $35.00 price objective on SM Energy and gave the company a “buy” rating in a research report on Wednesday, January 10th.
Shares of SM Energy (SM) traded down $0.30 on Friday, hitting $17.98. The company had a trading volume of 2,139,000 shares, compared to its average volume of 3,537,494. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.21. The stock has a market cap of $2,046.11, a price-to-earnings ratio of -12.60, a P/E/G ratio of 68.70 and a beta of 3.02. SM Energy has a twelve month low of $12.29 and a twelve month high of $28.20.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Elkfork Partners LLC purchased a new stake in shares of SM Energy during the fourth quarter worth about $253,000. Ashburton Jersey Ltd increased its position in shares of SM Energy by 21.8% during the fourth quarter. Ashburton Jersey Ltd now owns 99,000 shares of the energy company’s stock worth $2,186,000 after acquiring an additional 17,700 shares during the last quarter. MetLife Investment Advisors LLC purchased a new stake in shares of SM Energy during the fourth quarter worth about $1,435,000. Macquarie Group Ltd. increased its position in shares of SM Energy by 4.8% during the fourth quarter. Macquarie Group Ltd. now owns 3,282,494 shares of the energy company’s stock worth $72,478,000 after acquiring an additional 149,540 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of SM Energy by 16.9% during the fourth quarter. Millennium Management LLC now owns 6,853,962 shares of the energy company’s stock worth $151,335,000 after acquiring an additional 988,583 shares during the last quarter. 97.36% of the stock is currently owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: “SM Energy Co (SM) Receives $28.00 Consensus Target Price from Brokerages” was first posted by Ticker Report and is owned by of Ticker Report. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international copyright legislation. The correct version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3261787/sm-energy-co-sm-receives-28-00-consensus-target-price-from-brokerages.html.
About SM Energy
SM Energy Company is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids in onshore North America. It operates in the exploration and production segment of the oil and gas industry within the United States.
Receive News & Ratings for SM Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SM Energy and related companies with MarketBeat.com's FREE daily email newsletter.