The stock of SM Energy Co (NYSE:SM) is a huge mover today! About 839,924 shares traded hands. SM Energy Co (NYSE:SM) has risen 137.37% since March 11, 2016 and is uptrending. It has outperformed by 131.92% the S&P500.
The move comes after 7 months negative chart setup for the $3.29B company. It was reported on Oct, 14 by Barchart.com. We have $36.58 PT which if reached, will make NYSE:SM worth $197.40 million less.
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 SM Energy Co (NYSE:SM) on Thursday, February 25 with “Sector Perform” rating. The firm has “Buy” rating given on Wednesday, January 20 by Topeka Capital Markets. The rating was downgraded by BMO Capital Markets to “Market Perform” on Wednesday, November 18. Topeka Capital Markets maintained the stock with “Buy” rating in Wednesday, October 28 report. The firm has “Overweight” rating by Barclays Capital given on Thursday, August 4. JP Morgan initiated it with “Neutral” rating and $31 target price in Wednesday, December 9 report. As per Tuesday, August 9, the company rating was upgraded by KLR Group. Topeka Capital Markets maintained SM Energy Co (NYSE:SM) rating on Wednesday, July 29. Topeka Capital Markets has “Buy” rating and $55 price target. The stock of SM Energy Co (NYSE:SM) earned “Buy” rating by Topeka Capital Markets on Wednesday, February 24. JP Morgan maintained it with “Neutral” rating and $17 target price in Tuesday, March 15 report.
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 Q2 2016. Its down 0.09, from 1.01 in 2016Q1. The ratio dived, 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.
Us Financial Bank De last reported 77,428 shares in the company. Jane Street Group Limited Liability reported 31,189 shares or 0% of all its holdings. Grantham Mayo Van Otterloo & last reported 146,858 shares in the company. Atlantic Tru Grp Limited Company has invested 0.02% of its portfolio in SM Energy Co (NYSE:SM). Cap Counsel Limited Liability Co Ny holds 0.21% of its portfolio in SM Energy Co (NYSE:SM) for 83,100 shares. Peak6 Invests L P holds 0% of its portfolio in SM Energy Co (NYSE:SM) for 2,696 shares. State Of New Jersey Common Pension Fund D holds 30,000 shares or 0% of its portfolio. Waldron Limited Partnership last reported 0.49% of its portfolio in the stock. Cushing Asset Lp owns 20,658 shares or 0.02% of their US portfolio. Ladenburg Thalmann Services accumulated 52 shares or 0% of the stock. Mackenzie Fincl Corp last reported 458,564 shares in the company. Invesco Limited has 0% invested in the company for 434,559 shares. Plante Moran Advsr Ltd Llc last reported 98 shares in the company. Deutsche Natl Bank Ag reported 282,926 shares or 0.01% of all its holdings. Tiaa Cref Investment Mgmt Limited reported 516,300 shares or 0.01% of all its holdings.
Insider Transactions: Since September 29, 2016, the stock had 0 buys, and 1 insider sale for $26,440 net activity. Knott Kenneth J. also sold $26,440 worth of SM Energy Co (NYSE:SM) on Thursday, September 29.
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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