Deutsche Bank began coverage on shares of SM Energy (NYSE:SM) in a research note released on Thursday, The Fly reports. The firm issued a buy rating on the energy company’s stock.

A number of other equities analysts have also recently commented on the company. Stifel Nicolaus set a $44.00 target price on SM Energy and gave the stock a buy rating in a report on Monday. KeyCorp set a $32.00 target price on SM Energy and gave the stock a buy rating in a report on Sunday, January 21st. Robert W. Baird set a $35.00 target price on SM Energy and gave the stock a buy rating in a report on Wednesday, January 10th. Royal Bank of Canada reiterated a hold rating and issued a $24.00 target price on shares of SM Energy in a report on Wednesday, January 10th. Finally, Williams Capital reiterated a buy rating and issued a $39.00 target price on shares of SM Energy in a report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $27.53.

SM Energy (SM) traded down $0.74 during midday trading on Thursday, reaching $23.16. The company’s stock had a trading volume of 1,003,512 shares, compared to its average volume of 3,578,303. The stock has a market cap of $2,670.00, a PE ratio of -7.03 and a beta of 2.94. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.53 and a quick ratio of 1.53. SM Energy has a fifty-two week low of $12.29 and a fifty-two week high of $30.78.

SM Energy (NYSE:SM) last released its quarterly earnings results on Thursday, November 2nd. The energy company reported ($0.25) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.07. The business had revenue of $295.40 million during the quarter, compared to analysts’ expectations of $300.80 million. SM Energy had a negative return on equity of 2.88% and a negative net margin of 25.17%. The firm’s revenue for the quarter was down 16.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.37) EPS. equities analysts predict that SM Energy will post -0.96 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in SM Energy by 66.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,211,268 shares of the energy company’s stock valued at $69,611,000 after purchasing an additional 1,688,246 shares in the last quarter. State Street Corp raised its position in SM Energy by 17.7% during the 2nd quarter. State Street Corp now owns 5,195,340 shares of the energy company’s stock valued at $85,878,000 after purchasing an additional 780,106 shares in the last quarter. Frontier Capital Management Co. LLC raised its position in SM Energy by 39.2% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 2,746,616 shares of the energy company’s stock valued at $48,725,000 after purchasing an additional 773,741 shares in the last quarter. Mackenzie Financial Corp raised its position in SM Energy by 878.9% during the 3rd quarter. Mackenzie Financial Corp now owns 695,000 shares of the energy company’s stock valued at $12,329,000 after purchasing an additional 624,000 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in SM Energy by 451.2% during the 2nd quarter. Renaissance Technologies LLC now owns 737,000 shares of the energy company’s stock valued at $12,183,000 after purchasing an additional 603,300 shares in the last quarter. 97.36% of the stock is owned by hedge funds and other institutional investors.

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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.

The Fly

Analyst Recommendations for SM Energy (NYSE:SM)

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