SM Energy Company (NYSE:SM) has been given an average rating of “Hold” by the eighteen analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $31.29.

Several analysts have recently commented on SM shares. Williams Capital set a $32.00 price target on SM Energy and gave the company a “buy” rating in a report on Friday, August 4th. Scotiabank set a $19.00 price target on SM Energy and gave the company a “hold” rating in a report on Saturday, July 1st. BMO Capital Markets set a $20.00 price target on SM Energy and gave the company a “hold” rating in a report on Saturday, August 5th. Royal Bank Of Canada set a $20.00 price target on SM Energy and gave the company a “hold” rating in a report on Thursday. Finally, Bank of America Corporation started coverage on SM Energy in a report on Wednesday, July 19th. They issued a “neutral” rating and a $20.00 price target for the company.

In related news, EVP Herbert S. Vogel purchased 3,000 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was bought at an average price of $16.60 per share, with a total value of $49,800.00. Following the completion of the transaction, the executive vice president now owns 32,637 shares of the company’s stock, valued at approximately $541,774.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Javan D. Ottoson purchased 2,000 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were bought at an average cost of $16.44 per share, with a total value of $32,880.00. Following the transaction, the chief executive officer now directly owns 143,302 shares of the company’s stock, valued at approximately $2,355,884.88. The disclosure for this purchase can be found here. Company insiders own 0.89% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in SM. Meadow Creek Investment Management LLC increased its position in SM Energy by 172.9% in the first quarter. Meadow Creek Investment Management LLC now owns 5,632 shares of the energy company’s stock valued at $135,000 after buying an additional 3,568 shares during the last quarter. Credit Agricole S A increased its position in SM Energy by 13.2% in the first quarter. Credit Agricole S A now owns 7,106 shares of the energy company’s stock valued at $171,000 after buying an additional 831 shares during the last quarter. Neuburgh Advisers LLC increased its position in SM Energy by 172.9% in the first quarter. Neuburgh Advisers LLC now owns 7,744 shares of the energy company’s stock valued at $186,000 after buying an additional 4,906 shares during the last quarter. Lee Financial Co increased its position in SM Energy by 100.0% in the first quarter. Lee Financial Co now owns 8,000 shares of the energy company’s stock valued at $192,000 after buying an additional 4,000 shares during the last quarter. Finally, Capstone Asset Management Co. increased its position in SM Energy by 10.8% in the first quarter. Capstone Asset Management Co. now owns 8,546 shares of the energy company’s stock valued at $205,000 after buying an additional 830 shares during the last quarter. 97.06% of the stock is owned by institutional investors.

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Shares of SM Energy (SM) traded down 2.73% during trading on Wednesday, hitting $13.17. 3,432,974 shares of the stock traded hands. The firm’s market cap is $1.47 billion. SM Energy has a 52-week low of $12.63 and a 52-week high of $43.09. The stock has a 50 day moving average of $15.69 and a 200 day moving average of $19.96.

SM Energy (NYSE:SM) last posted its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.32) EPS for the quarter, meeting the consensus estimate of ($0.32). The business had revenue of $284.94 million during the quarter, compared to analysts’ expectations of $299.12 million. SM Energy had a negative return on equity of 3.11% and a negative net margin of 20.67%. The company’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.44) EPS. Analysts expect that SM Energy will post ($1.12) EPS for the current year.

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.

Analyst Recommendations for SM Energy (NYSE:SM)

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