Shares of SM Energy Co (NYSE:SM) gapped up before the market opened on Thursday . The stock had previously closed at $25.32, but opened at $26.16. SM Energy shares last traded at $26.89, with a volume of 6434100 shares.

Several brokerages have recently weighed in on SM. Robert W. Baird boosted their price objective on shares of SM Energy from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Monday, December 18th. BMO Capital Markets set a $21.00 price objective on shares of SM Energy and gave the stock a “hold” rating in a research report on Tuesday, October 10th. KeyCorp restated an “overweight” rating and set a $31.00 price objective (up previously from $26.00) on shares of SM Energy in a research report on Wednesday. Williams Capital restated a “buy” rating and set a $39.00 price objective on shares of SM Energy in a research report on Wednesday. Finally, Barclays boosted their price objective on shares of SM Energy from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, November 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. SM Energy currently has an average rating of “Hold” and an average price target of $27.47.

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 (NYSE:SM) last released its quarterly earnings results on Thursday, November 2nd. The energy company reported ($0.25) EPS for the quarter, beating the 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 the consensus estimate of $300.80 million. During the same quarter in the prior year, the firm earned ($0.37) EPS. SM Energy’s revenue for the quarter was down 16.2% on a year-over-year basis. sell-side analysts forecast that SM Energy Co will post -0.99 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in SM. Dimensional Fund Advisors LP raised its position in SM Energy by 66.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,211,268 shares of the energy company’s stock valued at $69,611,000 after purchasing an additional 1,688,246 shares during the last quarter. Key Group Holdings Cayman LTD. raised its position in SM Energy by 40.9% in the 2nd quarter. Key Group Holdings Cayman LTD. now owns 5,305,568 shares of the energy company’s stock valued at $87,701,000 after purchasing an additional 1,538,955 shares during the last quarter. State Street Corp raised its position in SM Energy by 17.7% in the 2nd quarter. State Street Corp now owns 5,195,340 shares of the energy company’s stock valued at $85,878,000 after purchasing an additional 780,106 shares during the last quarter. Frontier Capital Management Co. LLC raised its position in SM Energy by 39.2% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 2,746,616 shares of the energy company’s stock valued at $48,725,000 after purchasing an additional 773,741 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in SM Energy by 878.9% in the 3rd quarter. Mackenzie Financial Corp now owns 695,000 shares of the energy company’s stock valued at $12,329,000 after purchasing an additional 624,000 shares during the last quarter. Hedge funds and other institutional investors own 97.36% of the company’s stock.

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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.

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