SM Energy Company (NYSE:SM - Get Free Report) EVP James Barker Lebeck sold 17,500 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $37.02, for a total transaction of $647,850.00. Following the completion of the transaction, the executive vice president owned 14,705 shares in the company, valued at approximately $544,379.10. This trade represents a 54.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
SM Energy Stock Performance
SM opened at $36.48 on Tuesday. SM Energy Company has a 12-month low of $17.45 and a 12-month high of $38.25. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $8.68 billion, a PE ratio of 7.18 and a beta of 0.73. The firm has a 50 day moving average of $30.34 and a two-hundred day moving average of $28.99.
SM Energy (NYSE:SM - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.19 EPS for the quarter, beating the consensus estimate of $1.96 by $0.23. SM Energy had a net margin of 18.20% and a return on equity of 17.93%. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the prior year, the firm earned $1.50 EPS. The business's revenue for the quarter was up 215.3% on a year-over-year basis. On average, analysts anticipate that SM Energy Company will post 7.36 EPS for the current year.
Analysts Set New Price Targets
Several equities analysts have recently commented on the company. Siebert Williams Shank upgraded SM Energy from a "hold" rating to a "buy" rating and raised their price target for the company from $30.00 to $41.00 in a research note on Thursday, May 14th. Stephens reduced their price target on SM Energy from $61.00 to $52.00 and set an "overweight" rating for the company in a research report on Tuesday, July 7th. Zacks Research downgraded SM Energy from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 25th. Wells Fargo & Company upgraded shares of SM Energy from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $32.00 to $47.00 in a report on Thursday, August 13th. Finally, Wall Street Zen upgraded shares of SM Energy from a "buy" rating to a "strong-buy" rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $37.93.
Read Our Latest Stock Report on SM Energy
Institutional Trading of SM Energy
Several large investors have recently bought and sold shares of SM. Torren Management LLC increased its stake in SM Energy by 4,561.1% during the 1st quarter. Torren Management LLC now owns 839 shares of the energy company's stock valued at $26,000 after purchasing an additional 821 shares in the last quarter. Center for Financial Planning Inc. acquired a new position in SM Energy in the 1st quarter worth approximately $31,000. Valued Wealth Advisors LLC purchased a new position in SM Energy during the 1st quarter worth approximately $33,000. Kilter Group LLC acquired a new stake in SM Energy during the 2nd quarter valued at approximately $28,000. Finally, Assetmark Inc. purchased a new stake in shares of SM Energy in the 1st quarter valued at $35,000. Hedge funds and other institutional investors own 94.56% of the company's stock.
SM Energy Company Profile
(
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
