SM Energy (SM) Upgraded to “Sector Outperform” at Howard Weil

SM Energy (NYSE:SM) was upgraded by Howard Weil from a “sector perform” rating to a “sector outperform” rating in a research note issued on Thursday.

A number of other equities analysts have also issued reports on SM. JPMorgan Chase & Co. increased their target price on shares of SM Energy from $32.00 to $36.00 and gave the company a “$26.55” rating in a research report on Monday, July 23rd. TheStreet upgraded shares of SM Energy from a “d+” rating to a “c-” rating in a research report on Monday, July 9th. Royal Bank of Canada reiterated a “hold” rating and issued a $26.00 target price on shares of SM Energy in a research report on Friday, July 20th. Stifel Nicolaus increased their target price on shares of SM Energy from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, July 20th. Finally, KLR Group reiterated a “buy” rating and issued a $40.00 target price on shares of SM Energy in a research report on Monday, August 20th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. SM Energy currently has an average rating of “Buy” and a consensus price target of $30.13.

SM stock opened at $31.40 on Thursday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.91 and a current ratio of 0.91. SM Energy has a fifty-two week low of $16.11 and a fifty-two week high of $32.40. The stock has a market capitalization of $3.55 billion, a P/E ratio of -38.29, a PEG ratio of 8.37 and a beta of 3.07.

SM Energy (NYSE:SM) last released its quarterly earnings data on Thursday, August 2nd. The energy company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.09. The business had revenue of $402.60 million for the quarter, compared to analysts’ expectations of $371.54 million. SM Energy had a net margin of 11.85% and a negative return on equity of 0.43%. The company’s revenue for the quarter was up 41.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.32) EPS. research analysts forecast that SM Energy will post 0.38 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of SM. Qube Research & Technologies Ltd bought a new position in shares of SM Energy during the 2nd quarter valued at about $109,000. Cerebellum GP LLC purchased a new stake in SM Energy during the second quarter valued at about $181,000. Russell Investments Group Ltd. lifted its stake in SM Energy by 50.2% during the second quarter. Russell Investments Group Ltd. now owns 7,685 shares of the energy company’s stock valued at $199,000 after buying an additional 2,570 shares in the last quarter. Cypress Asset Management Inc. TX purchased a new stake in SM Energy during the second quarter valued at about $218,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in SM Energy during the second quarter valued at about $259,000.

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. It primarily has operations in the Midland Basin and the Eagle Ford shale in Texas. As of December 31, 2017, the company had 468.1 million barrels of oil equivalent of estimated proved reserves; and working interests in 919 net productive oil wells and 489 net productive gas wells.

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Analyst Recommendations for SM Energy (NYSE:SM)

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