By otakuyassine3@gmail.com 
SM Energy (NYSE:SM – Get Free Report) had its price target lowered by equities researchers at Wells Fargo & Company from $47.00 to $45.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the energy company’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 16.79% from the stock’s previous close.
A number of other equities analysts also recently commented on SM. BMO Capital Markets reduced their target price on shares of SM Energy from $50.00 to $48.00 and set a “market perform” rating on the stock in a research note on Friday, October 4th. KeyCorp dropped their price target on shares of SM Energy from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. TD Cowen upgraded shares of SM Energy from a “hold” rating to a “buy” rating and dropped their price objective for the company from $64.00 to $60.00 in a report on Tuesday, October 15th. Susquehanna dropped their price objective on shares of SM Energy from $48.00 to $46.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Finally, Tudor, Pickering, Holt & Co. upgraded shares of SM Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 21st. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, SM Energy presently has an average rating of “Moderate Buy” and a consensus price target of $50.64.
Get Our Latest Report on SM Energy
SM Energy Trading Down 2.2 %
NYSE SM traded down $0.86 on Tuesday, reaching $38.53. 59,170 shares of the company were exchanged, compared to its average volume of 1,662,287. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.67. The business’s fifty day moving average price is $43.05 and its 200 day moving average price is $43.90. The stock has a market capitalization of $4.41 billion, a P/E ratio of 5.38 and a beta of 4.14. SM Energy has a fifty-two week low of $34.76 and a fifty-two week high of $53.26.
SM Energy (NYSE:SM – Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.10. SM Energy had a net margin of 33.89% and a return on equity of 19.62%. The firm had revenue of $643.60 million for the quarter, compared to analysts’ expectations of $643.67 million. During the same quarter in the previous year, the company posted $1.73 EPS. The company’s revenue was up .4% compared to the same quarter last year. Analysts forecast that SM Energy will post 6.77 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in SM. Los Angeles Capital Management LLC lifted its position in shares of SM Energy by 79.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 65,421 shares of the energy company’s stock worth $2,615,000 after buying an additional 28,920 shares during the last quarter. Barclays PLC raised its position in SM Energy by 47.3% in the 3rd quarter. Barclays PLC now owns 250,218 shares of the energy company’s stock valued at $10,002,000 after purchasing an additional 80,343 shares during the last quarter. Janney Montgomery Scott LLC raised its position in SM Energy by 144.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 22,357 shares of the energy company’s stock valued at $894,000 after purchasing an additional 13,215 shares during the last quarter. World Investment Advisors LLC purchased a new stake in SM Energy in the 3rd quarter valued at $3,048,000. Finally, Mackenzie Financial Corp raised its position in SM Energy by 82.2% in the 2nd quarter. Mackenzie Financial Corp now owns 411,103 shares of the energy company’s stock valued at $17,772,000 after purchasing an additional 185,433 shares during the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.
SM Energy Company Profile
SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.
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