SM Energy (SM) Given a $35.00 Price Target at Robert W. Baird
SM Energy (NYSE:SM) received a $35.00 target price from research analysts at Robert W. Baird in a research note issued on Wednesday. The firm presently has a “buy” rating on the energy company’s stock. Robert W. Baird’s target price suggests a potential upside of 30.16% from the stock’s current price.
SM has been the subject of several other reports. BMO Capital Markets set a $21.00 target price on SM Energy and gave the company a “hold” rating in a report on Tuesday, October 10th. Williams Capital reissued a “buy” rating and issued a $39.00 target price on shares of SM Energy in a report on Wednesday. KeyCorp reissued an “overweight” rating and issued a $31.00 target price (up from $26.00) on shares of SM Energy in a report on Wednesday. Barclays boosted their target price on SM Energy from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Monday, November 20th. Finally, Scotiabank reissued a “hold” rating and issued a $20.00 target price on shares of SM Energy in a report on Wednesday, November 22nd. One investment 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. SM Energy presently has an average rating of “Hold” and an average target price of $27.47.
SM Energy (SM) traded up $0.73 during trading on Wednesday, hitting $26.89. The stock had a trading volume of 6,434,100 shares, compared to its average volume of 4,330,443. SM Energy has a fifty-two week low of $12.29 and a fifty-two week high of $35.29. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.53 and a quick ratio of 1.53. The stock has a market cap of $3,040.00, a P/E ratio of -7.91 and a beta of 3.02.
SM Energy (NYSE:SM) last posted its earnings results on Thursday, November 2nd. The energy company reported ($0.25) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.32) by $0.07. SM Energy had a negative return on equity of 2.88% and a negative net margin of 25.17%. The business had revenue of $295.40 million during the quarter, compared to the consensus estimate of $300.80 million. During the same period in the previous year, the business earned ($0.37) EPS. The business’s quarterly revenue was down 16.2% on a year-over-year basis. sell-side analysts forecast that SM Energy will post -1 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its position in SM Energy by 66.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,211,268 shares of the energy company’s stock worth $69,611,000 after purchasing an additional 1,688,246 shares during the period. Key Group Holdings Cayman LTD. increased its position in SM Energy by 40.9% during the 2nd quarter. Key Group Holdings Cayman LTD. now owns 5,305,568 shares of the energy company’s stock worth $87,701,000 after purchasing an additional 1,538,955 shares during the period. State Street Corp increased its position in SM Energy by 17.7% during the 2nd quarter. State Street Corp now owns 5,195,340 shares of the energy company’s stock worth $85,878,000 after purchasing an additional 780,106 shares during the period. Frontier Capital Management Co. LLC increased its position in SM Energy by 39.2% during the 3rd 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 during the period. Finally, Mackenzie Financial Corp increased its position in SM Energy by 878.9% during the 3rd quarter. Mackenzie Financial Corp now owns 695,000 shares of the energy company’s stock worth $12,329,000 after purchasing an additional 624,000 shares during the period. 97.36% of the stock is owned by hedge funds and other institutional investors.
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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