The stock of SM Energy Co (NYSE:SM) is a huge mover today! About 2.03 million shares traded hands. SM Energy Co (NYSE:SM) has risen 284.87% since March 2, 2016 and is uptrending. It has outperformed by 276.61% the S&P500.
The move comes after 6 months positive chart setup for the $3.34 billion company. It was reported on Oct, 5 by Barchart.com. We have $49.25 PT which if reached, will make NYSE:SM worth $768.20 million more.
Analysts await SM Energy Co (NYSE:SM) to report earnings on October, 25. They expect $-0.60 earnings per share, down 76.47% or $0.26 from last year’s $-0.34 per share. After $-0.44 actual earnings per share reported by SM Energy Co for the previous quarter, Wall Street now forecasts 36.36% negative EPS growth.
SM Energy Co (NYSE:SM) Ratings Coverage
Out of 18 analysts covering SM Energy (NYSE:SM), 10 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 56% are positive. SM Energy has been the topic of 41 analyst reports since July 21, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the shares of SM in a report on Thursday, February 25 with “Sector Perform” rating. Howard Weil downgraded SM Energy Co (NYSE:SM) on Monday, December 14 to “Sector Perform” rating. On Wednesday, August 10 the stock rating was upgraded by KeyBanc Capital Markets to “Overweight”. The firm has “Sector Outperform” rating by Howard Weil given on Tuesday, October 4. The firm has “Buy” rating given on Monday, November 2 by Guggenheim. As per Wednesday, December 23, the company rating was initiated by Cantor Fitzgerald. The rating was initiated by JP Morgan on Wednesday, December 9 with “Neutral”. BMO Capital Markets downgraded the stock to “Market Perform” rating in Wednesday, November 18 report. The company was maintained on Wednesday, October 28 by Topeka Capital Markets. On Tuesday, October 13 the stock rating was maintained by Topeka Capital Markets with “Buy”.
According to Zacks Investment Research, “SM Energy Company, formerly known as St. Mary Land & Exploration Company, is an independent energy company engaged in the exploration, exploitation, development, acquisition, and production of natural gas and crude oil. The Company operates in the areas: Mid-Continent, Rocky Mountains, ArkLaTex, Permian Basin, and Gulf Coast regions which are operated out of its offices in Tulsa, Oklahoma; Billings, Montana; Shreveport, Louisiana; Midland, Texas; and Houston, Texas, respectively. SM Energy Company is based in Denver, Colorado.”
Insitutional Activity: The institutional sentiment decreased to 0.92 in 2016 Q2. Its down 0.09, from 1.01 in 2016Q1. The ratio worsened, as 25 funds sold all SM Energy Co shares owned while 80 reduced positions. 32 funds bought stakes while 65 increased positions. They now own 71.53 million shares or 13.24% less from 82.45 million shares in 2016Q1.
Meeder Asset Management last reported 0% of its portfolio in the stock. Profund Lc last reported 0.02% of its portfolio in the stock. King Luther Management accumulated 0.01% or 20,904 shares. First Mercantile Trust Company, a Tennessee-based fund reported 31,200 shares. Lord Abbett & Lc has 336,942 shares for 0.03% of their US portfolio. Arizona State Retirement System has 0.01% invested in the company for 26,629 shares. Blackrock Mgmt Lc accumulated 0.01% or 233,078 shares. California State Teachers Retirement System has 146,396 shares for 0.01% of their US portfolio. Axa holds 124,200 shares or 0.01% of its portfolio. Scepter Holdings has 0.18% invested in the company for 21,006 shares. Alliancebernstein Lp owns 68,072 shares or 0% of their US portfolio. The United Kingdom-based Royal London Asset Mgmt has invested 0.03% in SM Energy Co (NYSE:SM). New York State Common Retirement Fund has 0.02% invested in the company for 439,821 shares. Invesco holds 0% or 434,559 shares in its portfolio. Bokf Na reported 13,630 shares or 0.01% of all its holdings.
Insider Transactions: Since September 29, 2016, the stock had 0 insider buys, and 1 insider sale for $26,440 net activity. Another trade for 661 shares valued at $26,440 was sold by Knott Kenneth J..
More news for SM Energy Co (NYSE:SM) were recently published by: Prnewswire.com, which released: “Riverstone Holdings LLC Announces Sale of Rock Oil Holdings LLC to SM Energy …” on August 08, 2016. Fool.com‘s article titled: “Expectation-Beating Results Fuel a Big Bounce in SM Energy Co’s Stock” and published on August 03, 2016 is yet another important article.
SM Company Profile
SM Energy Company, incorporated on January 23, 1915, is an independent energy company. The Firm is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids (NGLs) in onshore North America. The Firm operates in the exploration and production segment of the gas and oil industry within the United States. The Company’s activities are concentrated in onshore operating areas in the United States: South Texas & Gulf Coast Region, Rocky Mountain Region and Permian Region. The Firm has working interests in approximately 1,460 gross (approximately 870 net) productive oil wells and approximately 1,770 gross (approximately 650 net) productive gas wells.
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