An issue of SM Energy Company (NYSE:SM) bonds fell 1% as a percentage of their face value during trading on Friday. The high-yield debt issue has a 5% coupon and is set to mature on January 15, 2024. The bonds in the issue are now trading at $88.50 and were trading at $91.98 one week ago. Price moves in a company’s bonds in credit markets often anticipate parallel moves in its stock price.

A number of equities research analysts have weighed in on SM shares. Williams Capital set a $40.00 target price on SM Energy Company and gave the company a “buy” rating in a research report on Tuesday, May 16th. Scotiabank reiterated a “buy” rating and issued a $33.00 price target on shares of SM Energy Company in a report on Monday, March 27th. Royal Bank of Canada reiterated a “hold” rating and issued a $38.00 price target on shares of SM Energy Company in a report on Friday, March 31st. Deutsche Bank AG cut their price target on SM Energy Company from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Tuesday, March 7th. Finally, Bank of America Corporation downgraded SM Energy Company from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $48.00 to $37.00 in a research note on Thursday, May 11th. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $39.42.

Shares of SM Energy Company (SM) traded down 2.56% during trading on Friday, hitting $15.60. The company’s stock had a trading volume of 6,475,350 shares. The company’s market cap is $1.74 billion. The firm’s 50 day moving average price is $19.57 and its 200-day moving average price is $26.41. SM Energy Company has a 52 week low of $15.29 and a 52 week high of $43.09.

SM Energy Company (NYSE:SM) last released its quarterly earnings data on Tuesday, May 2nd. The energy company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.54. SM Energy Company had a negative net margin of 23.23% and a negative return on equity of 3.28%. The company had revenue of $372.74 million during the quarter, compared to the consensus estimate of $309.43 million. On average, analysts predict that SM Energy Company will post ($0.81) earnings per share for the current year.

In other SM Energy Company news, CEO Javan D. Ottoson purchased 2,000 shares of the stock in a transaction dated Thursday, June 8th. The stock was bought at an average price of $16.44 per share, for a total transaction of $32,880.00. Following the transaction, the chief executive officer now directly owns 143,302 shares in the company, valued at $2,355,884.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Herbert S. Vogel acquired 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The shares were purchased at an average price of $16.60 per share, with a total value of $49,800.00. Following the acquisition, the executive vice president now owns 32,637 shares of the company’s stock, valued at approximately $541,774.20. The disclosure for this purchase can be found here. Company insiders own 0.89% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Investment Management Company LLC raised its position in shares of SM Energy Company by 1.6% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 16,873 shares of the energy company’s stock worth $405,000 after buying an additional 265 shares during the last quarter. Arizona State Retirement System raised its stake in shares of SM Energy Company by 0.9% in the first quarter. Arizona State Retirement System now owns 40,700 shares of the energy company’s stock worth $978,000 after buying an additional 371 shares in the last quarter. US Bancorp DE raised its stake in shares of SM Energy Company by 0.6% in the first quarter. US Bancorp DE now owns 79,243 shares of the energy company’s stock worth $1,904,000 after buying an additional 449 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of SM Energy Company by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 33,885 shares of the energy company’s stock worth $814,000 after buying an additional 500 shares in the last quarter. Finally, Amalgamated Bank raised its stake in shares of SM Energy Company by 3.9% in the first quarter. Amalgamated Bank now owns 14,521 shares of the energy company’s stock worth $349,000 after buying an additional 549 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

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SM Energy Company 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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