SM Energy (NYSE:SM) received a $26.00 target price from research analysts at Barclays in a research report issued on Tuesday, February 5th. The firm presently has a “buy” rating on the energy company’s stock. Barclays‘s target price would suggest a potential upside of 57.29% from the stock’s current price.
Several other research firms have also weighed in on SM. MKM Partners initiated coverage on SM Energy in a research report on Wednesday, December 5th. They set a “buy” rating and a $31.00 price target on the stock. JPMorgan Chase & Co. set a $25.00 target price on SM Energy and gave the company a “buy” rating in a research note on Friday, December 7th. Williams Capital set a $44.00 target price on SM Energy and gave the company a “buy” rating in a research note on Friday, November 2nd. Capital One Financial downgraded SM Energy from an “overweight” rating to an “equal weight” rating in a research report on Thursday, December 20th. Finally, Zacks Investment Research raised SM Energy from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Tuesday, October 9th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. SM Energy presently has a consensus rating of “Hold” and an average price target of $29.87.
Shares of NYSE SM traded up $0.19 during trading on Tuesday, reaching $16.53. The stock had a trading volume of 1,904,690 shares, compared to its average volume of 2,804,208. SM Energy has a one year low of $13.15 and a one year high of $33.76. The company has a current ratio of 0.92, a quick ratio of 0.62 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 551.00, a price-to-earnings-growth ratio of 4.41 and a beta of 3.07.
SM Energy (NYSE:SM) last announced its quarterly earnings results on Wednesday, February 20th. The energy company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.07). The business had revenue of $394.20 million for the quarter, compared to analyst estimates of $373.95 million. SM Energy had a return on equity of 0.15% and a net margin of 24.60%. The company’s revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.08) EPS. As a group, equities analysts predict that SM Energy will post 0.14 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of SM. Man Group plc bought a new position in shares of SM Energy during the 3rd quarter worth about $1,138,000. Highland Capital Management LP lifted its position in SM Energy by 929.6% in the 3rd quarter. Highland Capital Management LP now owns 163,920 shares of the energy company’s stock valued at $5,168,000 after acquiring an additional 148,000 shares in the last quarter. Ffcm LLC bought a new position in SM Energy in the 3rd quarter valued at about $844,000. Vanguard Group Inc lifted its position in SM Energy by 4.1% in the 3rd quarter. Vanguard Group Inc now owns 11,191,722 shares of the energy company’s stock valued at $352,875,000 after acquiring an additional 445,168 shares in the last quarter. Finally, B. Riley Wealth Management Inc. bought a new position in SM Energy in the 3rd quarter valued at about $237,000.
About SM Energy
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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