Key Points
- SM Energy director Ramiro Peru sold 24,553 shares on May 21 at an average price of $33.98, totaling about $834,311. After the sale, he still held 65,964 shares, reducing his ownership by 27.13%.
- The company recently reported stronger-than-expected earnings, posting $1.55 EPS versus the $1.13 consensus and revenue of $1.48 billion versus estimates of $1.42 billion. Quarterly revenue also jumped 75% year over year.
- Analyst sentiment remains constructive, with an average rating of “Moderate Buy” and a consensus price target of $36.79. Several firms recently raised ratings or targets, including JPMorgan and KeyCorp.
SM Energy Company (NYSE:SM - Get Free Report) Director Ramiro Peru sold 24,553 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $33.98, for a total transaction of $834,310.94. Following the completion of the sale, the director owned 65,964 shares in the company, valued at $2,241,456.72. This represents a 27.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
SM Energy Stock Performance
Shares of NYSE:SM opened at $33.80 on Friday. The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of 14.20 and a beta of 0.73. The firm's 50 day simple moving average is $29.89 and its 200 day simple moving average is $23.43. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.39 and a quick ratio of 0.39. SM Energy Company has a fifty-two week low of $17.45 and a fifty-two week high of $35.88.
SM Energy (NYSE:SM - Get Free Report) last announced its earnings results on Wednesday, May 6th. The energy company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.13 by $0.42. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.42 billion. SM Energy had a net margin of 3.45% and a return on equity of 13.93%. The business's quarterly revenue was up 75.0% on a year-over-year basis. During the same period last year, the company posted $1.76 EPS. As a group, sell-side analysts forecast that SM Energy Company will post 7.47 earnings per share for the current year.
Analyst Ratings Changes
Several analysts have commented on SM shares. National Bank Financial set a $30.00 target price on shares of SM Energy in a report on Tuesday, March 17th. JPMorgan Chase & Co. upgraded shares of SM Energy from a "neutral" rating to an "overweight" rating and set a $40.00 target price on the stock in a report on Friday, March 20th. KeyCorp raised their price target on shares of SM Energy from $29.00 to $39.00 and gave the stock an "overweight" rating in a research note on Thursday, April 2nd. Wall Street Zen raised shares of SM Energy from a "hold" rating to a "buy" rating in a research note on Saturday, May 9th. Finally, Zacks Research raised shares of SM Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $36.79.
View Our Latest Research Report on SM
Institutional Investors Weigh In On SM Energy
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Segall Bryant & Hamill LLC lifted its holdings in shares of SM Energy by 57.8% during the first quarter. Segall Bryant & Hamill LLC now owns 223,193 shares of the energy company's stock worth $6,959,000 after buying an additional 81,754 shares in the last quarter. Cim Investment Management Inc. acquired a new position in SM Energy in the first quarter valued at about $223,000. Edgestream Partners L.P. acquired a new position in SM Energy in the first quarter valued at about $3,522,000. Janus Henderson Group PLC raised its stake in SM Energy by 174.3% in the first quarter. Janus Henderson Group PLC now owns 124,445 shares of the energy company's stock valued at $3,882,000 after purchasing an additional 79,083 shares in the last quarter. Finally, South Dakota Investment Council acquired a new position in SM Energy in the first quarter valued at about $3,422,000. Institutional investors and hedge funds own 94.56% of the company's stock.
About SM Energy
(
Get Free Report)
SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy's operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.
The company's core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.
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