SM Energy Co (NYSE:SM) saw some unusual options trading on Monday. Stock traders acquired 1,051 put options on the company. This is an increase of approximately 873% compared to the average volume of 108 put options.

A number of equities research analysts have recently weighed in on the company. KeyCorp cut their price target on SM Energy from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. Seaport Global Securities cut SM Energy from a “buy” rating to a “neutral” rating in a report on Thursday, October 10th. Williams Capital reaffirmed a “buy” rating and set a $15.00 price target on shares of SM Energy in a report on Friday, November 1st. Finally, Wells Fargo & Co cut their price target on SM Energy from $20.00 to $16.00 and set an “equal weight” rating on the stock in a report on Thursday, January 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $15.00.

SM Energy stock remained flat at $$11.26 during mid-day trading on Tuesday. 89,571 shares of the company’s stock traded hands, compared to its average volume of 2,642,618. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $1.32 billion, a PE ratio of 375.17 and a beta of 3.08. SM Energy has a 12-month low of $6.84 and a 12-month high of $21.19. The firm’s fifty day simple moving average is $10.21 and its two-hundred day simple moving average is $9.79.

SM Energy (NYSE:SM) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported ($0.11) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.01. The firm had revenue of $390.30 million for the quarter, compared to analyst estimates of $387.68 million. SM Energy had a net margin of 14.67% and a negative return on equity of 2.42%. The firm’s quarterly revenue was down 15.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.01) earnings per share. As a group, analysts anticipate that SM Energy will post -0.52 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in SM Energy during the 2nd quarter worth approximately $132,000. CIBC Asset Management Inc purchased a new position in SM Energy during the 3rd quarter worth approximately $133,000. Point72 Hong Kong Ltd grew its position in SM Energy by 13.8% during the 2nd quarter. Point72 Hong Kong Ltd now owns 13,705 shares of the energy company’s stock worth $172,000 after purchasing an additional 1,657 shares in the last quarter. HBK Investments L P purchased a new position in SM Energy during the 2nd quarter worth approximately $247,000. Finally, Envestnet Asset Management Inc. grew its position in SM Energy by 77.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 22,466 shares of the energy company’s stock worth $281,000 after purchasing an additional 9,816 shares in the last quarter.

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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