An issue of SM Energy Co (NYSE:SM) bonds rose 1.6% as a percentage of their face value during trading on Tuesday. The debt issue has a 5.625% coupon and is set to mature on June 1, 2025. The bonds in the issue are now trading at $92.81 and were trading at $90.88 one week ago. Price moves in a company’s bonds in credit markets sometimes predict parallel moves in its share price.

A number of research analysts have issued reports on SM shares. Barclays set a $26.00 price objective on shares of SM Energy and gave the company a “buy” rating in a research report on Tuesday, February 5th. Zacks Investment Research cut shares of SM Energy from a “hold” rating to a “strong sell” rating in a report on Monday, December 31st. Seaport Global Securities upgraded shares of SM Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $29.00 to $34.00 in a report on Monday, December 10th. Tudor Pickering cut shares of SM Energy from a “buy” rating to a “hold” rating in a report on Friday, December 14th. Finally, Williams Capital restated a “buy” rating and set a $36.00 target price on shares of SM Energy in a report on Wednesday, December 12th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $30.21.

SM Energy stock traded down $0.56 during mid-day trading on Tuesday, reaching $15.52. The stock had a trading volume of 2,349,973 shares, compared to its average volume of 2,771,464. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 517.33, a PEG ratio of 11.01 and a beta of 3.11. SM Energy Co has a one year low of $13.15 and a one year high of $33.76. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.92.

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 firm had revenue of $394.20 million during the quarter, compared to the consensus estimate of $373.95 million. SM Energy had a return on equity of 0.15% and a net margin of 24.60%. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.08) EPS. On average, equities analysts expect that SM Energy Co will post 0.07 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in SM. Geode Capital Management LLC lifted its stake in SM Energy by 5.6% during the 4th quarter. Geode Capital Management LLC now owns 1,028,604 shares of the energy company’s stock valued at $15,922,000 after acquiring an additional 54,539 shares during the period. Norges Bank bought a new position in SM Energy during the 4th quarter valued at about $21,558,000. Bell & Brown Wealth Advisors LLC bought a new position in SM Energy during the 4th quarter valued at about $172,000. Millennium Management LLC lifted its stake in SM Energy by 37.5% during the 4th quarter. Millennium Management LLC now owns 8,613,431 shares of the energy company’s stock valued at $133,336,000 after acquiring an additional 2,348,170 shares during the period. Finally, Macquarie Group Ltd. lifted its stake in SM Energy by 2.1% during the 4th quarter. Macquarie Group Ltd. now owns 3,321,122 shares of the energy company’s stock valued at $51,411,000 after acquiring an additional 68,645 shares during the period.

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SM Energy Company Profile (NYSE:SM)

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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