SM Energy (SM) Shares Gap Down to $18.62

SM Energy Co (NYSE:SM) gapped down prior to trading on Friday . The stock had previously closed at $18.75, but opened at $18.62. SM Energy shares last traded at $19.09, with a volume of 1921852 shares traded.

Several research firms recently weighed in on SM. ValuEngine lowered SM Energy from a “sell” rating to a “strong sell” rating in a report on Tuesday, February 13th. Robert W. Baird set a $35.00 target price on SM Energy and gave the stock a “buy” rating in a report on Wednesday, January 10th. Williams Capital set a $40.00 target price on SM Energy and gave the stock a “buy” rating in a report on Thursday, February 22nd. KeyCorp restated an “overweight” rating and issued a $31.00 target price (up from $26.00) on shares of SM Energy in a report on Wednesday, January 10th. Finally, Deutsche Bank initiated coverage on SM Energy in a research report on Thursday, February 1st. They issued a “buy” rating and a $32.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $27.69.

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 $2,112.00, a PE ratio of -12.81, a P/E/G ratio of 73.20 and a beta of 3.02.

SM Energy (NYSE:SM) last released its quarterly earnings data on Wednesday, February 21st. The energy company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.07. The business had revenue of $340.53 million for the quarter, compared to analysts’ expectations of $330.83 million. SM Energy had a negative return on equity of 2.09% and a negative net margin of 12.43%. SM Energy’s quarterly revenue was down 10.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.31) earnings per share. sell-side analysts expect that SM Energy Co will post 0.03 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SM. EnCap Energy Capital Fund IX L.P. bought a new stake in shares of SM Energy during the fourth quarter valued at approximately $180,780,000. Millennium Management LLC grew its position in SM Energy by 16.9% in the fourth quarter. Millennium Management LLC now owns 6,853,962 shares of the energy company’s stock valued at $151,335,000 after acquiring an additional 988,583 shares during the period. Mackenzie Financial Corp grew its position in SM Energy by 141.0% in the fourth quarter. Mackenzie Financial Corp now owns 1,674,685 shares of the energy company’s stock valued at $36,977,000 after acquiring an additional 979,685 shares during the period. Dimensional Fund Advisors LP grew its position in SM Energy by 12.7% in the third quarter. Dimensional Fund Advisors LP now owns 4,747,344 shares of the energy company’s stock valued at $84,220,000 after acquiring an additional 536,076 shares during the period. Finally, Capital Fund Management S.A. grew its position in SM Energy by 159.0% in the fourth quarter. Capital Fund Management S.A. now owns 861,468 shares of the energy company’s stock valued at $19,021,000 after acquiring an additional 528,896 shares during the period. Institutional investors and hedge funds own 97.36% of the company’s stock.

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SM Energy Company Profile

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.

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