SM Energy (NYSE:SM) Rating Reiterated by Siebert Williams Shank

SM Energy (NYSE:SM)‘s stock had its “hold” rating reiterated by investment analysts at Siebert Williams Shank in a research report issued on Friday, AnalystRatings.com reports. They currently have a $4.50 price target on the energy company’s stock. Siebert Williams Shank’s price objective points to a potential upside of 52.54% from the stock’s previous close.

SM has been the subject of a number of other research reports. Barclays reissued a “hold” rating and set a $4.00 target price on shares of SM Energy in a research note on Sunday, May 31st. Royal Bank of Canada reissued a “hold” rating and set a $3.00 target price on shares of SM Energy in a research note on Monday, July 13th. BMO Capital Markets boosted their target price on shares of SM Energy from $2.00 to $3.00 and gave the stock a “market perform” rating in a research note on Thursday, April 30th. Susquehanna Bancshares boosted their target price on shares of SM Energy from $2.00 to $3.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Finally, SunTrust Banks cut their target price on shares of SM Energy from $4.00 to $2.00 and set a “hold” rating for the company in a research note on Monday, April 20th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $5.77.

Shares of SM Energy stock opened at $2.95 on Friday. The firm has a 50-day simple moving average of $3.81 and a two-hundred day simple moving average of $4.70. SM Energy has a fifty-two week low of $0.90 and a fifty-two week high of $12.91. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.13.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Thursday, July 30th. The energy company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.47) by $0.32. The business had revenue of $169.63 million during the quarter, compared to the consensus estimate of $283.50 million. SM Energy had a negative net margin of 41.03% and a negative return on equity of 1.51%. On average, equities research analysts forecast that SM Energy will post -0.95 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Engineers Gate Manager LP purchased a new stake in shares of SM Energy in the 1st quarter valued at approximately $65,000. First Trust Advisors LP grew its stake in shares of SM Energy by 24.0% in the 1st quarter. First Trust Advisors LP now owns 600,331 shares of the energy company’s stock valued at $732,000 after buying an additional 116,206 shares during the period. Dynamic Technology Lab Private Ltd grew its stake in shares of SM Energy by 13.6% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 37,500 shares of the energy company’s stock valued at $46,000 after buying an additional 4,481 shares during the period. Comerica Bank grew its stake in shares of SM Energy by 3.0% in the 1st quarter. Comerica Bank now owns 105,057 shares of the energy company’s stock valued at $193,000 after buying an additional 3,103 shares during the period. Finally, Nuveen Asset Management LLC grew its stake in shares of SM Energy by 104.9% in the 4th quarter. Nuveen Asset Management LLC now owns 1,910,696 shares of the energy company’s stock valued at $21,477,000 after buying an additional 977,977 shares during the period. 96.78% of the stock is owned by institutional investors and hedge funds.

SM Energy Company Profile

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. As of December 31, 2018, the company had 503.4 million barrels of oil equivalent of estimated proved reserves; and working interests in 715 gross productive oil wells and 504 gross productive gas wells primarily in the Permian, South Texas, and Gulf Coast regions in the United States.

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Analyst Recommendations for SM Energy (NYSE:SM)

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