Somewhat Favorable Press Coverage Somewhat Unlikely to Affect SM Energy (SM) Share Price
Media stories about SM Energy (NYSE:SM) have been trending somewhat positive recently, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SM Energy earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned media stories about the energy company an impact score of 45.9516754674169 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Chesapeake Strategy Of Not Chasing Growth Is Paying Off (seekingalpha.com)
- Stock under Radar: Sm Energy Company (SM) – Post Registrar (postregistrar.com)
- Share Activity Lifted for SM Energy Co (SM) in Session – Sparta Review (spartareview.com)
- Volume Moving the Tape For SM Energy Co (SM) – Evergreen Caller (evergreencaller.com)
- SM Energy Company (SM) – Barclays Maintains Rating And Updates Price Target – Modern Readers (modernreaders.com)
Shares of SM Energy (NYSE SM) traded down 0.62% during mid-day trading on Friday, hitting $14.39. 2,764,667 shares of the company were exchanged. SM Energy has a 12-month low of $13.76 and a 12-month high of $43.09. The stock’s 50-day moving average price is $16.32 and its 200 day moving average price is $21.23. The stock’s market cap is $1.61 billion.
SM Energy (NYSE:SM) last posted its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.32) earnings per share for the quarter, meeting the consensus estimate of ($0.32). SM Energy had a negative return on equity of 3.11% and a negative net margin of 20.67%. The company had revenue of $284.94 million during the quarter, compared to analysts’ expectations of $299.12 million. During the same period in the prior year, the business earned ($0.44) earnings per share. SM Energy’s revenue for the quarter was down 16.6% compared to the same quarter last year. On average, equities analysts anticipate that SM Energy will post ($1.09) EPS for the current fiscal year.
SM has been the topic of a number of recent research reports. Williams Capital reaffirmed a “buy” rating and set a $45.00 price target on shares of SM Energy in a research report on Monday, April 17th. Royal Bank Of Canada set a $36.00 price objective on shares of SM Energy and gave the company a “hold” rating in a research note on Tuesday, April 25th. Scotiabank set a $19.00 price objective on shares of SM Energy and gave the company a “hold” rating in a research note on Saturday, July 1st. BMO Capital Markets set a $20.00 price objective on shares of SM Energy and gave the company a “hold” rating in a research note on Saturday, August 5th. Finally, Bank of America Corporation started coverage on shares of SM Energy in a research note on Wednesday, July 19th. They set a “neutral” rating and a $20.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the stock. SM Energy currently has a consensus rating of “Hold” and a consensus price target of $34.22.
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In other news, EVP Herbert S. Vogel bought 3,000 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The stock was acquired at an average cost of $16.60 per share, for a total transaction of $49,800.00. Following the completion of the purchase, the executive vice president now owns 32,637 shares of the company’s stock, valued at approximately $541,774.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Javan D. Ottoson bought 2,000 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The stock was purchased at an average price of $16.44 per share, with a total value of $32,880.00. Following the completion of the purchase, 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. Corporate insiders own 0.89% of the company’s stock.
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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