Price Action Alert: Could SM Energy Co Change Direction After Today’s Huge Increase?

Price Action Alert: Could SM Energy Co Change Direction After Today's Huge Increase?

The stock of SM Energy Co (NYSE:SM) is a huge mover today! About 3.29M shares traded hands or 20.07% up from the average. SM Energy Co (NYSE:SM) has declined 2.62% since April 27, 2016 and is downtrending. It has underperformed by 7.85% the S&P500.
The move comes after 6 months positive chart setup for the $3.25B company. It was reported on Nov, 30 by Barchart.com. We have $41.19 PT which if reached, will make NYSE:SM worth $195.00M more.

Analysts await SM Energy Co (NYSE:SM) to report earnings on February, 28. They expect $-0.44 EPS, up 51.11% or $0.46 from last year’s $-0.9 per share. After $-0.37 actual EPS reported by SM Energy Co for the previous quarter, Wall Street now forecasts 18.92% negative EPS growth.

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. PiperJaffray upgraded the shares of SM in a report on Monday, August 15 to “Overweight” rating. Guggenheim downgraded SM Energy Co (NYSE:SM) on Thursday, April 21 to “Neutral” rating. The firm has “Hold” rating given on Wednesday, April 6 by Stifel Nicolaus. RBC Capital Markets maintained the stock with “Sector Perform” rating in Wednesday, October 19 report. The stock of SM Energy Co (NYSE:SM) has “Buy” rating given on Tuesday, August 30 by Seaport Global. The rating was upgraded by Guggenheim on Monday, November 2 to “Buy”. The rating was downgraded by BMO Capital Markets to “Market Perform” on Wednesday, November 18. The firm has “Buy” rating given on Wednesday, July 29 by Topeka Capital Markets. The firm has “Neutral” rating given on Wednesday, December 9 by JP Morgan. The rating was upgraded by CapitalOne on Tuesday, January 19 to “Equal Weight”.

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 increased to 2.04 in 2016 Q2. Its up 1.12, from 0.92 in 2016Q1. The ratio improved, 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.
Plante Moran Advsrs Ltd holds 0% or 98 shares in its portfolio. Morgan Stanley holds 238,205 shares or 0% of its portfolio. Spot Trading Ltd Limited Liability Company holds 0% of its portfolio in SM Energy Co (NYSE:SM) for 2,752 shares. Moreover, Retirement Of Alabama has 0.01% invested in SM Energy Co (NYSE:SM) for 87,819 shares. Smith Asset Group Limited Partnership last reported 0.45% of its portfolio in the stock. The Massachusetts-based Eaton Vance Mngmt has invested 0% in SM Energy Co (NYSE:SM). The Pennsylvania-based Vanguard Inc has invested 0.01% in SM Energy Co (NYSE:SM). Moreover, Swiss Fincl Bank has 0% invested in SM Energy Co (NYSE:SM) for 111,150 shares. Blackrock Limited Liability Company last reported 0% of its portfolio in the stock. Hbk Limited Partnership last reported 195,516 shares in the company. Invesco Ltd accumulated 434,559 shares or 0% of the stock. Scepter has 0.18% invested in the company for 21,006 shares. Douglass Winthrop Advisors Lc holds 304,865 shares or 0.77% of its portfolio. Commonwealth Of Pennsylvania Public School Empls Retrmt holds 13,103 shares or 0.01% of its portfolio. Checchi Advisers Ltd Llc accumulated 0% or 873 shares.

Insider Transactions: Since September 29, 2016, the stock had 0 buys, and 1 sale for $26,440 net activity. Knott Kenneth J. sold 661 shares worth $26,440.

More important recent SM Energy Co (NYSE:SM) news were published by: Nasdaq.com which released: “Strategy To YieldBoost SM From 0.3% To 13.5% Using Options” on October 27, 2016, also Fool.com published article titled: “Here’s Why SM Energy Co. Slumped 13.6% in October”, Forbes.com published: “Permian Mania Continues With SM Energy’s Purchase Of Properties From QStar For …” on October 18, 2016. More interesting news about SM Energy Co (NYSE:SM) was released by: Fool.com and their article: “Expectation-Beating Results Fuel a Big Bounce in SM Energy Co’s Stock” with publication date: August 03, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment