Stock Worth Watching: What’s SM Energy Co Upside After Today’s Big Increase?

Stock Worth Watching: What's SM Energy Co Upside After Today's Big Increase?

The stock of SM Energy Co (NYSE:SM) is a huge mover today! About 647,009 shares traded hands. SM Energy Co (NYSE:SM) has risen 28.20% since April 13, 2016 and is uptrending. It has outperformed by 24.27% the S&P500.
The move comes after 7 months positive chart setup for the $3.04 billion company. It was reported on Nov, 15 by Barchart.com. We have $42.99 PT which if reached, will make NYSE:SM worth $760.00M more.

SM Energy Co (NYSE:SM) Ratings Coverage

Out of 18 analysts covering SM Energy (NYSE:SM), 11 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 61% are positive. SM Energy has been the topic of 43 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Tuesday, October 4, the company rating was upgraded by Howard Weil. CapitalOne upgraded SM Energy Co (NYSE:SM) on Tuesday, January 19 to “Equal Weight” rating. The firm has “Sector Perform” rating given on Thursday, February 25 by RBC Capital Markets. The firm has “Buy” rating given on Wednesday, October 28 by Topeka Capital Markets. The stock of SM Energy Co (NYSE:SM) has “Accumulate” rating given on Monday, April 18 by KLR Group. Topeka Capital Markets maintained the shares of SM in a report on Wednesday, February 24 with “Buy” rating. The company was downgraded on Wednesday, November 18 by BMO Capital Markets. The stock of SM Energy Co (NYSE:SM) has “Sector Perform” rating given on Monday, December 14 by Howard Weil. The firm has “Neutral” rating by Guggenheim given on Thursday, April 21. Deutsche Bank maintained the shares of SM in a report on Wednesday, August 10 with “Hold” rating.

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 turned negative, 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.
Teacher Retirement Sys Of Texas accumulated 9,305 shares or 0% of the stock. Grantham Mayo Van Otterloo Co Ltd Llc holds 146,858 shares or 0.02% of its portfolio. Goldman Sachs Grp Incorporated accumulated 917,570 shares or 0.01% of the stock. Spot Trading Ltd Liability last reported 2,752 shares in the company. Capital Guardian Tru has 176 shares for 0% of their US portfolio. First Interstate National Bank & Trust holds 0% or 150 shares in its portfolio. Public Employees Retirement Association Of Colorado accumulated 0% or 17,307 shares. Metropolitan Life Insurance owns 63,925 shares or 0.01% of their US portfolio. The California-based Causeway Cap Mgmt Ltd Company has invested 1.38% in SM Energy Co (NYSE:SM). Schwab Charles Investment Management Inc holds 0.01% of its portfolio in SM Energy Co (NYSE:SM) for 180,670 shares. Retirement Sys Of Alabama last reported 87,819 shares in the company. The California-based First Pacific Advisors Limited has invested 0.22% in SM Energy Co (NYSE:SM). Wells Fargo And Com Mn last reported 106,073 shares in the company. Fund Management Sa holds 42,078 shares or 0.01% of its portfolio. First Mercantile Tru holds 0.1% of its portfolio in SM Energy Co (NYSE:SM) for 31,200 shares.

Insider Transactions: Since September 29, 2016, the stock had 0 insider purchases, and 1 sale for $26,440 net activity. $26,440 worth of SM Energy Co (NYSE:SM) was sold by Knott Kenneth J..

More important recent SM Energy Co (NYSE:SM) news were published by: Fool.com which released: “Here’s Why SM Energy Co. Slumped 13.6% in October” on November 09, 2016, also Forbes.com published article titled: “Permian Mania Continues With SM Energy’s Purchase Of Properties From QStar For …”, Fool.com published: “Expectation-Beating Results Fuel a Big Bounce in SM Energy Co’s Stock” on August 03, 2016. More interesting news about SM Energy Co (NYSE:SM) was released by: Prnewswire.com and their article: “Riverstone Holdings LLC Announces Sale of Rock Oil Holdings LLC to SM Energy …” with publication date: August 08, 2016.

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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