SM Energy Company (SM) Given a $21.00 Price Target by BMO Capital Markets Analysts
SM Energy Company (NYSE:SM) has been given a $21.00 price objective by analysts at BMO Capital Markets in a note issued to investors on Tuesday. The brokerage currently has a “hold” rating on the energy company’s stock. BMO Capital Markets’ price target would indicate a potential upside of 12.06% from the company’s current price.
A number of other equities research analysts have also commented on SM. Seaport Global Securities lowered SM Energy from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $31.00 to $16.00 in a research report on Wednesday, June 21st. Scotiabank set a $19.00 price objective on SM Energy and gave the company a “hold” rating in a research report on Saturday, July 1st. Bank of America Corporation initiated coverage on SM Energy in a research report on Wednesday, July 19th. They issued a “neutral” rating and a $20.00 price objective on the stock. Zacks Investment Research lowered SM Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Williams Capital set a $32.00 price objective on SM Energy and gave the company a “buy” rating in a research report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $30.00.
SM Energy (SM) opened at 18.74 on Tuesday. The firm’s 50-day moving average price is $15.83 and its 200-day moving average price is $17.94. SM Energy has a 12 month low of $12.29 and a 12 month high of $43.09. The firm’s market cap is $2.09 billion.
SM Energy (NYSE:SM) last released its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.32) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.32). The business had revenue of $284.94 million for the quarter, compared to analyst estimates of $299.12 million. SM Energy had a negative return on equity of 3.11% and a negative net margin of 20.67%. SM Energy’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.44) EPS. Equities research analysts predict that SM Energy will post ($1.11) earnings per share for the current year.
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A number of institutional investors have recently modified their holdings of the stock. Fondren Management LP acquired a new stake in SM Energy during the 2nd quarter worth $331,000. Public Employees Retirement System of Ohio raised its stake in SM Energy by 17.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 49,191 shares of the energy company’s stock worth $813,000 after buying an additional 7,240 shares during the period. Scotia Capital Inc. acquired a new stake in SM Energy during the 2nd quarter worth $318,000. California State Teachers Retirement System raised its stake in SM Energy by 3.2% during the 2nd quarter. California State Teachers Retirement System now owns 204,059 shares of the energy company’s stock worth $3,373,000 after buying an additional 6,263 shares during the period. Finally, Bank of Nova Scotia acquired a new stake in SM Energy during the 2nd quarter worth $3,668,000. 97.05% of the stock is currently owned by institutional investors and hedge funds.
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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