Shares of SM Energy Co (NYSE:SM) were down 5.7% during trading on Thursday . The company traded as low as $10.98 and last traded at $11.04, approximately 4,092,719 shares traded hands during trading. An increase of 41% from the average daily volume of 2,899,069 shares. The stock had previously closed at $11.71.

SM has been the topic of a number of research reports. Susquehanna Bancshares set a $13.00 price objective on SM Energy and gave the company a “hold” rating in a research report on Wednesday, June 19th. Cowen set a $27.00 price objective on Schnitzer Steel Industries and gave the company a “hold” rating in a research report on Tuesday, April 9th. KeyCorp restated an “overweight” rating and set a $1,316.00 price objective (up from $1,210.00) on shares of Cable One in a research report on Thursday, June 27th. B. Riley set a $14.00 price objective on SM Energy and gave the company a “hold” rating in a research report on Wednesday, June 19th. Finally, Barclays restated a “buy” rating and set a $65.00 price objective on shares of Owens Corning in a research report on Monday, July 1st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. SM Energy has an average rating of “Hold” and an average price target of $25.81.

The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 368.00 and a beta of 2.98. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.96. The firm’s 50-day moving average is $11.81.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Wednesday, May 1st. The energy company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). SM Energy had a net margin of 0.82% and a negative return on equity of 1.52%. The company had revenue of $340.90 million during the quarter, compared to the consensus estimate of $341.25 million. During the same quarter last year, the company earned $0.07 earnings per share. The business’s revenue was down 55.7% on a year-over-year basis. On average, analysts expect that SM Energy Co will post -0.12 earnings per share for the current fiscal year.

In related news, CEO Javan D. Ottoson purchased 5,000 shares of the stock in a transaction on Tuesday, May 7th. The shares were purchased at an average cost of $14.63 per share, for a total transaction of $73,150.00. Following the completion of the transaction, the chief executive officer now directly owns 182,126 shares of the company’s stock, valued at approximately $2,664,503.38. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP David W. Copeland purchased 10,000 shares of the stock in a transaction on Friday, May 24th. The stock was bought at an average price of $12.71 per share, for a total transaction of $127,100.00. Following the completion of the transaction, the executive vice president now directly owns 106,454 shares of the company’s stock, valued at $1,353,030.34. The disclosure for this purchase can be found here. Insiders acquired 17,000 shares of company stock worth $225,070 over the last quarter. Company insiders own 1.00% of the company’s stock.

Large investors have recently made changes to their positions in the business. Twin Tree Management LP bought a new stake in shares of SM Energy during the first quarter worth $36,000. Private Capital Group LLC grew its holdings in shares of SM Energy by 113.3% during the first quarter. Private Capital Group LLC now owns 2,536 shares of the energy company’s stock worth $44,000 after purchasing an additional 1,347 shares during the last quarter. Bessemer Group Inc. bought a new stake in shares of SM Energy during the fourth quarter worth $75,000. Bell & Brown Wealth Advisors LLC bought a new stake in shares of SM Energy during the fourth quarter worth $172,000. Finally, Quantamental Technologies LLC bought a new stake in shares of SM Energy during the first quarter worth $199,000. Hedge funds and other institutional investors own 98.88% of the company’s stock.

About SM Energy (NYSE:SM)

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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