SM Energy (NYSE:SM)‘s stock had its “hold” rating reiterated by investment analysts at Royal Bank of Canada in a research report issued to clients and investors on Wednesday. They presently have a $24.00 price objective on the energy company’s stock. Royal Bank of Canada’s price target indicates a potential downside of 10.75% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Williams Capital reaffirmed a “buy” rating and set a $30.00 price objective on shares of SM Energy in a research note on Friday, September 15th. KeyCorp reaffirmed a “buy” rating and set a $26.00 price objective on shares of SM Energy in a research note on Friday, October 20th. Zacks Investment Research raised shares of SM Energy from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Thursday, November 9th. Scotiabank reaffirmed a “hold” rating and set a $20.00 price objective on shares of SM Energy in a research note on Wednesday, November 22nd. Finally, BMO Capital Markets set a $21.00 price objective on shares of SM Energy and gave the company a “hold” rating in a research note on Tuesday, October 10th. 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. The company has an average rating of “Hold” and an average target price of $26.93.

Shares of SM Energy (NYSE SM) traded up $0.73 during trading hours on Wednesday, reaching $26.89. 6,434,131 shares of the company traded hands, compared to its average volume of 4,330,443. The stock has a market capitalization of $3,000.00, a PE ratio of -7.91 and a beta of 3.02. SM Energy has a 12 month low of $12.29 and a 12 month high of $35.29. 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 issued its quarterly earnings data on Thursday, November 2nd. The energy company reported ($0.25) EPS for the quarter, beating the consensus estimate of ($0.32) by $0.07. The company had revenue of $295.40 million during the quarter, compared to analysts’ expectations of $300.80 million. SM Energy had a negative net margin of 25.17% and a negative return on equity of 2.88%. SM Energy’s revenue for the quarter was down 16.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.37) earnings per share. equities analysts anticipate that SM Energy will post -1 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the business. California Public Employees Retirement System lifted its position in SM Energy by 18.5% during the third quarter. California Public Employees Retirement System now owns 325,626 shares of the energy company’s stock valued at $5,777,000 after purchasing an additional 50,926 shares during the last quarter. Cubist Systematic Strategies LLC lifted its position in SM Energy by 148.4% during the third quarter. Cubist Systematic Strategies LLC now owns 31,470 shares of the energy company’s stock valued at $558,000 after purchasing an additional 18,802 shares during the last quarter. Point72 Asset Management L.P. lifted its position in SM Energy by 1,420.7% during the third quarter. Point72 Asset Management L.P. now owns 498,800 shares of the energy company’s stock valued at $8,849,000 after purchasing an additional 466,000 shares during the last quarter. Janus Henderson Group PLC lifted its position in SM Energy by 14.9% during the third quarter. Janus Henderson Group PLC now owns 156,001 shares of the energy company’s stock valued at $2,767,000 after purchasing an additional 20,229 shares during the last quarter. Finally, Napier Park Global Capital US LP bought a new stake in SM Energy during the third quarter valued at approximately $710,000. Institutional investors and hedge funds 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.

Analyst Recommendations for SM Energy (NYSE:SM)

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