SM Energy (NYSE:SM)‘s stock had its “overweight” rating restated by equities researchers at KeyCorp in a research report issued on Wednesday, The Fly reports. They currently have a $31.00 price objective on the energy company’s stock, up from their prior price objective of $26.00. KeyCorp’s price objective would suggest a potential upside of 18.50% from the company’s current price.

Several other research firms also recently issued reports on SM. Credit Suisse Group started coverage on shares of SM Energy in a report on Monday, December 11th. They set an “outperform” rating and a $27.00 price objective on the stock. Barclays upped their target price on shares of SM Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, October 11th. Zacks Investment Research raised shares of SM Energy from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Thursday, November 9th. Mitsubishi UFJ Financial Group reissued a “neutral” rating on shares of SM Energy in a research note on Monday, October 2nd. Finally, Williams Capital upped their target price on shares of SM Energy from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $26.67.

SM Energy (NYSE SM) opened at $26.16 on Wednesday. The firm has a market cap of $2,920.00, a price-to-earnings ratio of -7.69 and a beta of 3.02. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 1.20. SM Energy has a 52-week low of $12.29 and a 52-week high of $35.29.

SM Energy (NYSE:SM) last released its earnings results on Thursday, November 2nd. The energy company reported ($0.25) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.32) by $0.07. SM Energy had a negative net margin of 25.17% and a negative return on equity of 2.88%. The firm had revenue of $295.40 million during the quarter, compared to analyst estimates of $300.80 million. During the same quarter in the previous year, the business earned ($0.37) EPS. The business’s revenue was down 16.2% on a year-over-year basis. equities analysts expect that SM Energy will post -1 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the company. Frontier Capital Management Co. LLC lifted its position in shares of SM Energy by 39.2% during the third quarter. Frontier Capital Management Co. LLC now owns 2,746,616 shares of the energy company’s stock worth $48,725,000 after purchasing an additional 773,741 shares in the last quarter. BlueMountain Capital Management LLC lifted its position in shares of SM Energy by 1,227.2% during the second quarter. BlueMountain Capital Management LLC now owns 184,390 shares of the energy company’s stock worth $3,048,000 after purchasing an additional 170,497 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of SM Energy by 204.0% during the third quarter. Prudential Financial Inc. now owns 190,275 shares of the energy company’s stock worth $3,375,000 after purchasing an additional 127,690 shares in the last quarter. American International Group Inc. lifted its position in shares of SM Energy by 4.5% during the third quarter. American International Group Inc. now owns 209,401 shares of the energy company’s stock worth $3,715,000 after purchasing an additional 8,923 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in SM Energy by 1.1% in the third quarter. Ameriprise Financial Inc. now owns 978,473 shares of the energy company’s stock valued at $17,358,000 after buying an additional 10,578 shares during the period. Institutional investors own 97.36% of the company’s stock.

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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.

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